Due to a lack of security, many banks and credit institutions refused the application for a loan for freelancers and the self-employed and they were justified on the basis of their professional situation with poor creditworthiness or security. But in order to make important purchases in the company or on a private level, to pay unexpectedly high bills or to design a company with more liquidity, a loan is often necessary and also not impossible.
Especially with instant loans on the Internet there are attractive offers for freelancers and the self-employed, which are granted on the basis of real assets or a guarantee and are not made dependent on the creditworthiness or unsafe business activity.
Find the right loan
Private donors or free financial service providers come with different levels of credit for freelancers and the self-employed, giving not only the opportunity to receive very small sums, but also extremely large sums. In order to expand a company, to realize a project or to make the offer for the client more extensive, the borrower with the approved amount has an appropriate scope and can choose an offer that convinces with low interest rates and flexible framework conditions.
Especially when deciding on a loan for freelancers and the self-employed, financial fluctuations in the company’s sales are an aspect that requires flexibility and enables earlier repayment, but also a temporary deferral of monthly installments. With a free online comparison, relevant offers are brought into focus, thus enabling a well-considered decision based on your own criteria and ideas.
Reviews of other borrowers are also helpful and can provide information about the provider and the loan, whereby incorrect decisions due to a lack of knowledge of the offer can be excluded.
Since the entrepreneur is not liable for credit for freelancers and the self-employed, other collateral is required. These can be real assets such as real estate or cars, but also capital-forming insurance or savings investments. The borrower does not lose the tangible assets or investments, since they are only overwritten as a pledge and are not touched by the lender in the event of contractual repayment.
If there are no attachable property, a guarantee is an attractive and convincing option for the lender as security. A surety does not have to be related to the borrower. However, its own credit rating is important so that it can be held liable by the lender in the event of the borrower failing to make payments and used to settle the outstanding claim. However, a guarantor can also be liable with real assets and cannot be measured solely by creditworthiness. Particularly reasonable interest rates convince with adequate collateral.