It three years when lending to entrepreneurs. Nevertheless, there are opportunities to take out a loan if the company was founded less than two years ago. These differ according to company and private credit instigation.
Lending to young companies
If the credit for self-employed persons under 2 years of self-employment serves operational purposes, there is the possibility in many industries to apply for a promotional loan from KfW Bank. The granting of start-up loans is generally possible within the first three years, some of the promotional loan offers even apply during the first five years of a new company’s existence. KfW does not support some sectors, which often have their own development banks such as the agricultural bank or the doctors and pharmacists bank.
In addition, regional Agree Bank or Lite Lender and Best Bank are obliged according to their statutes to promote the local economy through the granting of loans and thus grant a favorable operationally arranged credit even for self-employed people under 2 years.
Privately arranged loans for self-employed people under two years
When looking for a privately arranged loan for self-employed people under the age of 2, loan seekers make sure that the bank they select does not explicitly offer lending to employees only. Applying for an instant loan without proof of salary offers inexperienced self-employed people the opportunity to apply for a loan without asking about the type of income. In this case, they state the average profit per month as income in the loan application.
Orders in the mail order business for private needs are basically possible with the agreement of payment in installments as a dedicated loan for self-employed people under the age of 2, since only a few trading companies inquire about the income or the employment contract. The loan application via a platform for private lending offers one way to obtain a non-purpose loan for self-employed persons under the age of 2.
Self-employed people are considered private individuals if they want to apply for a loan for their private household management. Since private lenders sometimes deliberately grant loans to applicants who find it difficult to borrow from a conventional bank, the self-employed have good chances of obtaining the desired personal loan.