Start your own business with the help of a credit

Many ideas get started with the help of family and friends, but when the time comes when it is necessary to acquire more capital to continue with the project, a loan may be the best solution.

Not only because you can get more than enough, but because you will begin to gain experience in financial leverage; strategy that all companies use to increase their liquidity, invest and ultimately grow.

Learn to manage credit

Learn to manage credit

Although the idea of ​​applying for credit at such an early stage can be assimilated as a great debt, especially by most entrepreneurs, this is only the best way for both personal and new business finances.

Let’s think about it this way, it is likely that up to now the capital that you have used for this project has come out of your savings and that’s fine, but the most recommended is that as your project grows, you use financial tools that separate your personal finances from of your business.

Entrepreneur credit

Entrepreneur credit

 

“Credits for entrepreneurs” would be the most appropriate option for this stage, since they range from 50,000 to 500,000 dollars, sufficient amounts to be able to pay suppliers, invest in advertising, rent an office or premises, and more than the basic needs of starting a business.

The key is to intelligently use the capital you receive and invest it in stocks that add real value to your business. According to a study, 40% of entrepreneurs decide to apply for a loan to cover unforeseen events in the company, followed by investing it in developing the business idea.

Where to get credit for your company?

Where to get credit for your company?

It is true that for those who are just starting out, it is difficult to access financing through traditional banking. This is due to the requirements they request, such as presenting a guarantee or guarantee, having a minimum number of years operating, delivering a large number of papers that prove the business, among others.

But against this background, alternative financial institutions have emerged that have the mission of facilitating access to credit and being more inclusive. Giving the opportunity that you can start your business with an entrepreneur credit designed according to your abilities and needs.

Characteristics of an entrepreneur credit:

  • They request few requirements (basic data and proofs). Some ask for the “business plan”
  • They offer amounts from 50 thousand dollars.
  • The terms and interest rates are more accessible.

The most recommended is that you compare all the options that exist in the market and choose the one that suits you best in terms of the amount you need and your ability to pay so that credit is an ally of your new business.

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