The self-employed often find it particularly difficult to find a suitable loan. The main reason for this is that these people do not have a regular monthly income that could serve as security for the bank. For this reason, the self-employed must provide other guarantees if you still want to have the chance of a personal or business installment loan. This is mostly the business accounting, the profit and loss account, the last income tax notice or the current account statements. However, if you have just started your job, you usually cannot show all of this yet. A loan for new self-employed people is therefore always subject to different conditions.
Business credit for new self-employed
Whenever you plan to become self-employed with a new business idea or expand an existing business, you can try to get a business loan for new self-employed through your house bank or another bank. The requirements for this differ considerably in some cases. Therefore, you should always compare the conditions on the Internet before deciding on a particular loan provider.
In addition to a good and portable business concept, most banks also require additional collateral for a loan for the new self-employed. Whenever you are ready to stick with your private wealth or if you can provide a guarantor, you have a good chance of getting a loan for the self-employed. As an alternative to this, a possibly existing property could also serve as loan security.
Private loan for new self-employed
Even if you are self-employed, you often have private wishes that you do not want to put off. This could be the case, for example, if your television or washing machine breaks down and you do not have the financial resources to replace it quickly. If you then do not have a sufficient overdraft facility in your checking account, you have to look for specific alternatives. You could contact various credit intermediaries who could possibly provide you with a loan for new self-employed persons for private use.
However, here too, you should compare the offers of the individual credit intermediaries exactly. Caution is always advised if you have to pay fees before the loan is brokered. This is often a dubious offer that you should better refrain from.