If you want to start a new business, then you may need a loan to be able to make all the expenses that a new start of business entails. From the purchase of the machinery to be able to start the production activity to that of any fundamental patents to operate, without forgetting the location where to work physically and all the promotion that is essential to make yourself known, both offline and online.
Non-repayable loans for new businesses
Italian law gives you the opportunity to take advantage of non -repayable loans for new businesses, especially those where the “pink quotas” are the majority, or those belonging to certain product categories (for example they are very common) funding for craft businesses).
Among the various possibilities there are loans known as honor loans, to indicate loans that are granted directly by Italian entities, such as the regions, or by the European Community, in order to finance certain business activities.
Loans of honor usually target three different categories of people:
- women’s enterprises;
- youth enterprises
Discounts for micro-enterprises
Discounts for micro enterprises are granted to all those companies that want to start a new business in the form of a small business, such as a partnership or sole proprietorship.
Franchising is the particular activity in which the possibility of using a famous brand is acquired. From Astro Finance (just to mention some of the most famous brands), there are many brands that allow you to do this.
Besides the brand, the company behind it is “private” and independent of the brand itself.
Usually, the subsidized loans to open these activities are 50% non-refundable and 50% at a subsidized rate.
Funding for self-employed workers
Finally, loans are provided for the self-employed, contributions that can be used in any sector, both goods and services.
For more information on non-repayable company loans for new businesses, the advice is to contact an expert in the field, who will surely advise you for the best and indicate what benefits are available.
Funding for women’s businesses
These are advantageous loans given to companies which are mostly made up of “pink” shares. For partnerships the majority is calculated in shares, for joint stock companies, while for individual companies the owner must be an entrepreneur.
Funding for youth businesses
In the case of young people, companies whose owners are less than 35 years old can have interesting discounts.
This type of call is made in a particular way to combat youth unemployment, one of the greatest “plagues” in our country since the economic crisis broke out towards the end of the last decade.
We have said previously that the body that provides sums of money with non-refundable or subsidized rates is usually the European Union. It is also supported by the state and local authorities (especially the regions).
These sums of money are given to companies operating in the national territory, or in a region or province (depending on the notice issued), in order to facilitate business development.
One of the most advantageous types of financing is clearly the non-repayable one.
In essence, it is a loan that is granted to the beneficiary company without a repayment obligation.
The only fundamental condition to be able to access these loans is usually to provide a bank or personal guarantee (for example of a relative) and to make the expenses financed before receiving the sum of money (a percentage up to 30% is usually received in advance).
Interest rate loans
When the lost fund is not available, the subsidized rate loan comes into play. In essence, this is a loan that is granted at a very advantageous rate compared to a classic corporate loan (usually 0.50%) and for a maximum duration of 10 years.
Financing halfway between a lost fund and a subsidized rate
Another type of financing is that which combines the lost fund with the subsidized rate. In this case the sum is usually divided at 50% between the two types of facilitation.
Advantages of subsidized loans
The first advantage is undoubtedly that of the subsidized rate (or even of the lost fund). There are many companies in Italy that have benefited from these concessions in the past and many are still doing it today.