What is Self-Employed Loans?

Types of loans and credits for freelancers and entrepreneurs

Types of loans and credits for freelancers and entrepreneurs

Self- employment loans are the financing solution for many self-employed workers who need liquidity to get ahead. Banks are quite suspicious of freelancers and entrepreneurs when it comes to granting loans. They tend to make excessive demands; and even more so if you are a new freelance. The best way to get a freelance loan is to go to a financial expert like us.

At Prestamosolucion we look for the best option for you, taking into account your possibilities and limitations. We negotiate with the bank the best possible conditions and the fewest demands. Generally, you will be granted a self-employed loan if you have a minimum monthly income that can meet the loan installment that you have to pay.

The documentation that they usually ask you for is the photocopy of your ID, the model 100, the balances of the last three months and the receipts of the last 3 self-employed fees. In the case of new freelancers or entrepreneurs, you must have some guarantee, if you have no fixed income.

You also have the option of ICO Lines, public loans for new freelancers, managed by banks, which are granted based on the viability of your project. If you are not a new freelance, you can also choose them. To get a freelance loan without endorsement or being in Financial Credit Institution, it is essential to have a financial advisor who finds the best solution. If you are looking for it by yourself, it will be a headache and when you end up contacting the bank, it will change all the conditions that an online comparator has indicated.

How to finance freelancers and entrepreneurs

How to finance freelancers and entrepreneurs

The self-employed and entrepreneurs have various forms of financing that go beyond self-employment loans or ICO lines, which we talked about above. There are Linear Loans, to start the business or increase it; and they will grant them to you based on the project, the improvements they entail, your age and your billing. There are also the Lines of Credit, which are used to have hard and cash money to use on a daily basis. They allow you to have at your disposal an amount of money, from which you will only pay the interest on what you use. Factoring is another way of financing for the self-employed, and that allows you to collect bills early through the bank. When you meet the invoice, the bank will collect it.

You also have Crowdlending, which are loans granted by P2P platforms, in which the one who lends you the money is another company or individual, based on your project. It is also worth noting that you have Promissory Notes Discounts: the Renting service, which is a long-term rental agreement; and Leasing, to buy your machinery in installments. If you are self-employed and need financing, contact a financial expert, like us. We will quickly find you what is the best option for you; And we only charge you for our advice in the event that you end up obtaining the self-employed loan or the financing you were looking for, and in the best conditions.