Bad news for the future projection of the business fabric; According to data from the General Council of Notaries, in May 2017 the number of new businesses formed was 8,347, which means that there was a year-on-year drop of 11.9% in relation to the same month in 2016. There may be many reasons that lead us not to venture to create a company, among them, the impossibility of getting financing to start the takeoff of our business. Business loans They have been the order of the day for years and their use, always responsible, could remedy the decline in the appearance of new companies.
What will business loans help us start a business?
Crowdlending financing is a credit system for companies and individuals offered by a P2P entity regulated by the National Securities Market Commission (CNMV). This system of financing for companies is one of the most innovative that exist, although, at the end of the 20th century, very similar models appeared that pursued the same purpose.
The employer, in this case, registers on the website of the P2P entity incorporating their economic and labor data (indicating the information on the new business in this last part) and, on the other hand, the company, once it has carried out an analysis of the profile to assign a level of risk, incorporates the project into an online platform known as Marketplace . Once published, it will be seen by a group of investors who will decide if they want to invest in the project and how much to offer (always within the established limits).
In Spain, we have different crowdlending companies that can offer us loans to companies. Even so, it is not the only alternative that we have, since we can also get financing with mortgage loans like Suizainvest. Up to 300,000 euros to be returned in 20 years with a TIN from 8.95% and an APR from 12.68 %. Of course, as a counterpart we will have to offer a material well as a guarantee and, before this, we must have the situation under control so as not to lose it.
5 steps you must follow to create a business and amortize your business credit
Creating a business is not about sewing and singing, especially considering that the market is constantly changing and filled with competitors that appear and disappear at a frenetic pace. If we want to venture and ensure our success to the maximum, these are 5 steps that we must follow to make target in our objective:
Investigate the market: we can allocate part of our credit to hire a market research company. They can be expensive studies, but they are certainly worth the information they offer.
Create a useful and innovative business model: we do not like what is very popular, innovation is one of the values that consumers appreciate the most. You do not have to invest millions to find creativity. Sometimes, in the small details is the difference.
Promote the business: we have to make ourselves known, if they do not know that we exist, they will hardly come to us. Invest in advertising one of the most important factors that have to be taken into account from the beginning of the company.
Improve day-to-day management: both administrative and financial. Allocating part of the money to obtain technological systems that improve process management will make our company work almost alone.
Establish and strengthen ties: this will probably be the most varied section. Since we talk about making contacts, get a good relationship ( engagement ) with customers, and take care of the working template.
It is clear that step-by-step hides many other actions that we can not neglect and are also important. However, these are crucial to making the foundations of the new business as solid as possible. If we ask for a loan https://loans-n-loans.com/ for companies, let’s not forget to invest it in matters as important as the ones exposed.