When you want to start your own business, you first need money. When you want to start your own business for the first time, you obviously do not know where to get this money so quickly today. It is also possible that you still need money at a later time to invest in your business or when you experience difficult times. On this website you will find suitable information that can help you further. We wish you every success in starting your own business.
Borrow from friends and family
Everyone is familiar with borrowing money from a bank. People have experience with this or know it from the stories of others. Now borrowing money from the bank is not the only option. What many people don’t know is that loans from friends and family can often be arranged properly. The person who obtains the loan has the money he or she needs, and the lender has to pay less tax money. This loan is therefore referred to as a win-win loan. The maximum amount that the borrower may receive is € 200,000. This amount can arise from various providers who can all lend a maximum of € 50,000. The win-win loan must be repaid in eight years.
Borrowing from the government
The government encourages starting its own business. It is therefore possible to obtain a loan from the government in various ways, even for the unemployed who want to start their own business. Read below about the different options for borrowing money from the government.
One of the options is to obtain a Startio loan. This loan can be obtained by small businesses and starting self-employed people who have been active in business for less than four years. This loan is for entrepreneurs who already borrow a certain amount from the bank, but who want to supplement this amount with a loan from the government. The maximum amount that can be borrowed from the government is € 250,000. The advantage of this loan is that the entrepreneurs have to pay little interest on the loan amount.
Another loan that can be obtained from the government is the Initio loan. This loan is in fact a combination loan. The government will provide half of the loan, so that the bank is prepared to provide the remaining money. This loan is also suitable for the self-employed and small businesses. The loan must be paid off in 3, 5 or 7 years at an interest rate of 4%.
The government is also prepared to help unemployed people start their own businesses. The unemployed who receive benefits can use a Starter Loan. These unemployed people will receive a loan of a maximum of € 30,000 (with little interest), and will also receive additional guidance when starting their own business. The people who can apply for this loan have to look for a suitable job or receive benefits for at least three months.