Emily Rella
Make a plan
The first thing you have to do is plan your financing. You will have to make calculations and be clear about how much you need and what your goals are to do this. You must order an amount that allows you to reach everything in an adjusted and balanced way.
Protect your score against a credit
When applying for a loan, the entity will see your behavior so far when paying other loans or credits. To achieve the needed financing, it is important to have a low debt ratio. Historically, as we say, the credits have been paid on time and not be in any files associated with defaults.
Find out
If you are going to seek financing, you must inform yourself of the conditions that are offered to you in each loan, etc. Only if you know how this data is handled and what it means will you make a better choice. Here you will also enter the criteria that entities use when offering to finance.
What are you going to study?
When requesting an online loan as an individual or a company, the bank will take into account aspects related to the indebtedness capacity that you may have, what is the financial and asset situation of the person requesting the credit, the amount of the installments of other loans, and its percentage of participation in them, the amortization that may have been carried out in other credits and the history in the entity that it has if any also if there are guarantees and their quality.
Appreciate the help of the Public Administrations
Although the Public Administration is not dedicated to financing business projects itself, it does offer different types of subsidies and aid that will make it possible to carry out the business subsidy. You will have to inform yourself of the requirements in question that the aid to the request may have.
In general, these aids are usually associated with either innovative and technological projects or related to the sectors that the administration seeks to promote, such as green energy. You will have to consult the aids that can be obtained from the General Directorate of Industry and SMEs.
Through venture capital funds
Another way of obtaining financing would be through venture capital funds. It is a method of financing that is widely used by startups and innovative companies that are expanding.
In the case of these funds, they are options managed by public limited companies that have specialized in investing precisely their financial resources in companies so that they can sell their participation and make a profit in the future.
