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First investment of your company: A guarantee as a guarantee
Last year, 51.2% of SMEs that applied for bank financing
consider that they acquired it in better conditions contrasted with two years
prior, mostly in light of the fact that the reaction season of the monetary
organization and the volume of financing has improved, as indicated by the
CEPYME report .
There is no question that financing conditions have improved
for independent companies, however advances to begin a business are as yet an
incomplete business as without record as a consumer and an equilibrium of
records to show, numerous banks are hesitant to allow an advance .
How to get an advance
to begin my business?
There are diverse financing models that you can use to
acquire that first speculation that you need to begin your business thought.
The bank credit is perhaps the most widely recognized choices since it will
permit you to keep up with complete power over the capital . These advances are
typically liable to revenue running somewhere in the range of 3.5% and 7.5%
each year, contingent upon the bank, the capital mentioned and the degree of
hazard that your venture addresses.
To expand the odds
that you will be allowed a credit to start a business, it is suggested that:
You have a decent record as a consumer. The bank tracks your
monetary exercises, including advances and Visa use. In the event that you have
effectively applied for different advances, even on an individual level, and
you have paid on schedule, the bank will esteem it decidedly and all things
considered, it will back your business thought.
Present a definite strategy by which you exhibit the
practicality of your business thought. Portray your items or administrations,
do a market concentrate in which you altogether examine the opposition and
determine the assets you should begin your movement. A decent strategy shows
that you have clear thoughts and that you have a strong undertaking that will
permit you to pay the obligation brought about .
Show an agreement with a client . Having a customer prior to
beginning the business is an extra assurance that the bank will esteem
emphatically since it shows that there is a public inspired by your items or
administrations, which lessens the degree of hazard that credit addresses.
Get a solid underwriting. 46.7% of SMEs that demand an
advance are compelled to introduce ensures, a more normal solicitation for
organizations with under 5 years of life, as indicated by the most recent
CESGAR report . Having an underwriting won't just permit you to give a more
expert picture , however it will decrease the danger to which the bank is
uncovered and will build the odds that you will be conceded the advance to
begin your business.
How might a SGR help
me?
As indicated by a similar report, 18% of SMEs consider that
the absence of certifications mentioned by banks is one of the fundamental
hindrances to get to financing. The SGR can assist you with getting your first
venture by going about as underwriters of your task .
With the support of a SGR you can not just approach the
credit to start a business, yet you will likewise have the chance to work on
its conditions. Indeed, the CESGAR report additionally shows that 34.7% of SMEs
actually lament that the reimbursement terms are too short and 32.1%
demonstrate that the costs and commissions required are exceptionally high.
With the assistance of a SGR you will actually want to arrange a decrease in
financing costs and an augmentation of the reimbursement terms .
Which are the
necessities?
Prior to mentioning a support from a SGR it is significant
that you educate yourself about their prerequisites. Each SGR has its own
prerequisites to ensure a business project, albeit overall they request that
the SME isn't in insolvency and is fully informed regarding installments in the
Social Security and the Tax Agency .
To know the particular necessities, you should send your
solicitation to the SGR that you have picked through the ConAvalSí entryway .
When you present the documentation, the SGR will evaluate your project and
illuminate you about the expenses regarding the activity.
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