Within Europe every country has some form of the start-up loan, but the conditions and characteristics of this form of credit can vary considerably from country to country. In Belgium, the start-up loan serves to revitalize the economy and can therefore only be applied for by starting entrepreneurs who need a little extra budget to get their business off the ground. Whoever wants to be eligible must therefore first of all have concrete plans to start a company and can clearly substantiate this with the necessary documents. The amount that can be borrowed will to a large extent be determined by the type of business that you want to start. Further editorial at http://mediasoftmac.com
What do you take with you when applying for a starter loan?
First of all you must be able to prove that you are an official entrepreneur. Matters such as proof of registration with the Chamber of Commerce, a VAT number and a description of the company are a good basis. In addition, it is also important that you can prove the necessity of the loan. For this you write a business plan. This plan consists of a financial and a commercial part. The financial section provides an overview of the costs that you expect to incur and the revenues. To convince a lender to offer you a starter loan, it is important that the figures are realistic and substantiated. The commercial section gives an impression of the type of business that you have started or want to start up and the way you want to approach things.
How much can you borrow with a starter loan?
There is no fixed amount associated with the starter loan. Everything depends on the needs of your company and your ability to repay that amount within a reasonable time. First and foremost, we look at the amount needed to ensure the viability of your company. Extras that are not necessarily necessary can always be purchased later and will not be included in the maximum loan amount. The clearer your business plan, the better your chances of borrowing a higher amount. Request the necessary information here so that you can compare loan quotes and get your business started.