It is normal to go through financial crises or even need money to invest. What many don’t know is that there are lines of credit that can be used to boost the development of a business.
With the money, the entrepreneur can invest in equipment, raise working capital and even pay bills in arrears and in many cases, asking for a loan can guarantee the survival of the business in the market.
Main types of loans
Nowadays the self-employed and / or individual microentrepreneur finds several credit options available, but there are two types that stand out and bring more advantages, they are:
- Guaranteed loan: offers different payment terms, with the lowest interest rates on the market and with longer terms. Because it allows access to large amounts, it has become popular in the country.
The dynamics of this modality occurs through the provision of a good (from the borrower) as a guarantee of payment to the financial institution.
Rest assured, ownership remains yours and you can continue to use your car or home normally during the process. This entire procedure is called fiduciary alienation.
- Microcredit: this type of loan serves micro and small entrepreneurs who have little money to start or invest in the business.
The company’s microcredit gives the possibility to renovate the facilities, increase working capital and purchase machinery, for example, without having to wait years to gather the necessary resources. Even then, you can pay the debt with your own profit.
How to hire? (talk about negative)
First, know how to recognize a credible creditor. Serious institutions are regulated, always consult in detail of the company and its owners. Likewise, they do not ask for values in advance as a signal.
For those who are interested in applying for this type of loan, it is important to say that the approval of the loan is possible, however, with slightly higher rates or the release of amounts is less.
Proof of income is also required, but due to the expressive growth of self-employed and microentrepreneurs in the country, financial institutions have been looking for new possibilities to grant credit.
How to prove income?
The main possibilities of proof of income are:
- Presentation of bank statement of the last three or six months;
- Income Tax Proof, if any;
- Presentation of contracts and receipts for services provided.
Where to hire?
Nowadays there are several options for you to apply for a loan and believe me, it is possible to apply without leaving home!
Trusted institutions that serve online have become popular, which is 100% safe and reliable. The company is regulated and has been in the market for more than 20 years, in addition to providing a free financial diagnosis and lines of credit with the lowest rates and the best term.