1. Does a business plan have to be available?

Many customers need a self-employed loan if they have just started a new business or have taken up self-employment. Anyone wishing to obtain a loan at this stage must be able to provide the banks with various documents as proof of creditworthiness. In quite a few cases, the banks also demand a business plan, among other things. However, such a business plan is not necessary in all cases, but primarily if the loan is to be given as part of a business start-up. If, on the other hand, the customer has been self-employed for several years, it is generally no longer necessary to submit a business plan, but instead the banks request balance sheets or income and surplus invoices.

First and foremost, the business plan is needed when the self-employed loan is a start-up loan. In the business plan, the customer must resign that the business has a chance of success. Since at this point in time there are usually no concrete business figures, the bank uses the business plan as the basis for being able to assess the creditworthiness of the customer and the prospects of success of the company as a self-employed person. Therefore, it is also very important that the business plan is as detailed as possible and can conclusively set out the calculated figures.

2. Can the loan be an alternative privately?

If you need a loan as a self-employed person, today it does not always have to be a bank loan that is taken out as a self-employed loan. In addition to bank loans, private loans are also available as possible alternatives today. But what exactly is private credit exactly and what are the characteristics of the loan? Of course, the salient feature of a home loan is that the loan is not given by a bank but by a private individual. The “intermediary” between the borrower and the lender is the lending exchanges on whose websites both parties find each other.

For example, if you would like to actively search for providers, you can first set up a project in such loan exchanges that contains details of the financing project. If there are now private lenders who like the project to be financed, they can provide a certain loan amount. Of course, loan seekers alternatively have the opportunity to look around for existing loan offers. The advantage of the loan from private is firstly that the borrower sometimes receives more favorable terms than bank loans. On the other hand, private lenders are not always so critical about the terms of the loan. Overall, the loan from private is now a very good alternative to bank credit.

3) Is it possible to apply for a self-employed loan online?

Until a little over ten years ago, the vast majority of loans could only be applied for at a bank office. Especially in recent years, the picture has changed significantly so far, that almost all credit cards can also be applied for online. Above all, this applies to installment loans, which are known to include self-employed loans. As a result, many banks today have the option to apply for a self-employed loan online. The online application can be done relatively quickly and easily. In addition, he usually has some advantages over the personal application that the customer would have to make in the office of the bank.

For example, an advantage can be in more favorable terms, while fast loan approval is also an advantage in many online applications. If you want to apply for a self-employed loan online, you only have to enter some data. This data consists mainly of the personal data, such as name and address, but of course, some key data on the desired credit must be specified. These include first and foremost loan amount, duration or alternatively the amount of the monthly installment. The application is then simply sent to the provider and the customer usually receives a decision within a few minutes as to whether the loan is approved. If this is the case, the loan agreements are sent by post and only have to be sent back to the bank in signed form.