You can borrow money for your business from the bank or from a lender, but you must submit annual figures. In order to be able to assess your credit application, these organizations ask you for all kinds of information about your company.
You also usually have to meet various conditions before you are eligible for a loan or financing. If you find this difficult or you are afraid that it will take you a lot of time, consider taking out an alternative form of business credit without having to submit annual figures.
Take out a micro loan
A micro loan is a special business loan that you take out through the government. To be eligible for this, you present your business plans to a specially selected jury. And yes, there is also some paperwork involved. With a micro loan, the government contributes to a favorable business climate. If you are eligible, you will benefit from very favorable conditions.
These are small-scale loans for entrepreneurs, and also for private individuals. Small online loans have the advantage that checking on your creditworthiness does not happen. And there is no paper tiger involved. This way you can borrow money quickly without having to submit your annual figures.
Sometimes an online credit is already arranged within five minutes. If all goes well, you have money in your company account on the same working day. This form of credit is a very fast method for when you need a small amount. A very interesting option for starters and small businesses. Even if your request for a loan has previously been refused by the bank.
Borrow money from someone you know
Sometimes a family member or very good friend is willing to help you and invest in your idea or company. Make good agreements about this and record this on paper.
Also agree on an interest rate and record the period in which you repay the borrowed money. Because you want to keep your family or friends a friend.
Business credit without annual figures
In short, depending on your company, there is also a form of business loan for your company that suits you. You can of course always go to the bank, lending or the government for borrowing large amounts. Sometimes a small loan online is enough.
Of course it is always smart to first seek good advice and to weigh up all options. It also remains possible for the self employed to take out a business loan without BKR assessment. In this way, problems that have occurred in the past in the private sphere remain out of the picture.