Given the global context in which we currently live; A context of constant technological evolution, of innovation, of change in customs and traditions, of change in the way of consuming and transformation of tastes … has made the opportunities to carry out an enterprise increase exponentially.
Types of companies that formerly seemed unthinkable are appearing, demand is changing and therefore the opportunities and ideas of new companies are growing and varied.
entrepreneurship is always with the same handicap
That is why there are many people who choose entrepreneurship to continue their professional life. But who decides to continue on the path of entrepreneurship is always with the same handicap, the initial financing, how to obtain an SME loan to start a business.
In most countries, more than half of the loans requested to start businesses are not carried out, that is, they are not approved by the banks, which are the main recipients of such applications. Moreover, the large part of the volume of loans granted by banks is destined to companies and multinationals, increasing this percentage more and more, and avoiding doing so by granting loans to start businesses.
Get loans to start a business, how to get it?
When it comes to getting a loan to start companies, it is advisable to offer the best face of our project so that it goes from being one more application than rejected every year, to finally being accepted and that your business idea becomes a reality thanks to The financing obtained. From Ali Baba we give you some tips to take into account when looking for a loan to start businesses.
Tips that make access to the loan more favorable to start businesses:
- The SGR guarantee : When applying for a loan to start companies you must convince the other party that your idea is going to work. A very correct way to do this is to offer an SGR guarantee on your loan. From Ali Baba we have agreements with SGR distributed throughout the national territory, which can offer you the guarantee you need to get the loan to start a company through Ali Baba.
- Offer a well-detailed business plan : The person who is deciding whether to finance you or not has to be clear about your business idea, what your goals are, your strengths and weaknesses, etc. That is why being able to show a well-structured and detailed business plan will be key to cause a good image and project greater seriousness and confidence. In this post we explained some tips to be able to do it as well as possible. 10 keys to make a good business plan .
- Correct personal credit history : Although it seems that if you have previously applied for a loan on a personal level, it can be a stain on your history to be able to access a new loan to start businesses, it does not always have to be this way. If the lender can see that this loan was paid in the established terms and without any problem, it will give him some security. Naturally, it is much more favorable to be able to apply for a loan with a clean history of previous loans.
- Contract or agreement with clients : It is difficult, if not impossible, to obtain clients before a company becomes a reality and not an idea in the head of an entrepreneur. But it would be highly recommended, if it is a totally new company, to be able to obtain in some way a guarantee or agreement that certain customers who are previously interested in the product or service that the company will offer.
Invest in new companies. The other side of the coin
Keep in mind that savers who invest in new companies, or without too much travel, through Ali Baba value a multitude of aspects when deciding whether to invest or not.
Many of these aspects are not on the roof of the SME being able to change them, at least immediately, but others are. Here are some tips to make investment in new companies more attractive.