With our comparison calculator “Loan for companies and the self-employed” you can easily find the right loan, be it for business purposes, such as for pre-financing orders and increasing the warehouse, or for raising capital for private purposes.
Based on our non-binding and completely free loan comparison, you, as a self-employed person or freelancer, will receive several offers from which you can choose, giving you an initial overview of current interest rates, conditions and the possible loan amount. With the help of our loan comparison, financing with inexpensive interest rates can be found quickly.
If you need a loan for self-employed persons without proof of income or if the loan required is a flexible loan for companies, you will certainly find the appropriate lender and the loan tailored to your needs on our portal. Get a quick overview of current loan offers on the German market and benefit from low-interest rates and optimal conditions. This information has no effect on your private lender and is only for information purposes.
A loan for the self-employed is aimed exclusively at the self-employed and freelancers who want to take out a loan for business investments. In such a case, numerous banks offer financing. However, if a consumer in this professional group wishes to take out a flexible installment loan for private consumption purposes, they usually have to expect the bank to cancel because many direct banks do not grant credit to the self-employed.
Loans for start-ups and freelancers are only granted under stricter conditions, as unlike civil servants or employees they do not have a secure income. The monthly income depends on the order situation and the payment behavior of the customers. Therefore, a loan for the self-employed often comes with increased security requirements and higher interest rates. In addition, the loan application must be submitted with a detailed balance sheet and a positive private lender score. Furthermore, two to three years of independence are required.
Recognized collateral for a loan for the self-employed
This is how you can increase your creditworthiness.
In addition to the three previous financial statements, a far-reaching business concept, which is underpinned by an idea of success, is of considerable importance for the potential lender. Even if the collateral is not sufficiently recognized, a convincing business concept can often be the decisive impulse to win over the lender and get a loan approved.
Young self-employed and freelancers, in particular, find it difficult to obtain the desired loan without the appropriate guarantee. It is often the case that borrowers rate their collateral as promising and attractive, but the lender rejects it. As a rule, lenders accept the following collateral for a loan for the self-employed:
- Real estate and land
- Company car / bus / van
- office equipment
Self-employed credit – providers and types
Loans for the self-employed are associated with major hurdles, especially with poor creditworthiness, and as a self-employed person, you have to struggle with many conditions and requirements until you get your financial injection. Various banks and credit institutions, as well as independent persons (private investors), grant a loan for the self-employed.
- If you want to apply for a loan as a self-employed person without collateral, you should create a plausible business concept. The concept should be very detailed to convince the bank and show how you want to invest the money. If the loan amount creates added value, the banks are inclined to grant a loan even without collateral. Established companies have it easier in this regard since after three years of existence finance experts assume that the company has built up a firm foothold. An established company can look back on positive numbers for years, and lenders can expect it to continue to be in the black. The older and more renowned the company, the less security is required.
- Start-ups, entrepreneurs and freelancers are very likely to talk to their credit institution or online bank about financing in the first step. However, it is always the case that they are rejected there for various reasons. In most cases, the reason is poor creditworthiness or the lack of a certain amount of equity. For this reason, young entrepreneurs are increasingly opting for a much less complex loan. Behind the peer-to-peer principle are private individuals who make money available to the entrepreneur. As an entrepreneur, you do not have to submit any complicated business concepts to obtain a loan, but simply describe your project in an understandable form and explain the use of funds.
Several private investors can participate in the investment sum. However, the borrower is granted the full investment amount at a fixed interest rate. The following applies here – the right presentation is essential because a good presentation can hide the risks of lending.