Funding for youth entrepreneurship – Lending

Are you a young entrepreneur and you want to create, from scratch, your company but do not have cash at your disposal? It ‘very difficult, in times of crisis, to undertake a new business. But there is good news for the brave young entrepreneurs: you can in fact access funding dedicated to youth entrepreneurship in a simple and quick way. In fact, the law n. 95/1995 on loans to youth companies was conceived and issued by the Legislator precisely to encourage and encourage the development of youth enterprises in the most disadvantaged areas of the country. This financial law establishes the possibility of accessing various forms of non-repayable loans or low-interest mortgages to help young people on the difficult path to start their business.

But who are those who can benefit from this funding?

But who are those who can benefit from this funding?

First of all the companies that, to obtain the dedicated loans, must be made up exclusively of young people between the ages of 18 and 35. There is also the possibility of accessing this funding also for companies composed of more than 2/3 of young people aged between 18 and 29 years of age.
New partnerships (Snc and Sas), cooperative companies or corporations (Spa; Sapa; Srl) can also access this financial protection. They can not access the company with a sole shareholder, the de facto companies and sole proprietorships.
The residence requirement is very important . The members of the companies must in fact be resident in the following areas:

  • The target areas .: Calabria, Sicily, Sardinia, Basilicata, Puglia, Campania;
  • Objective II areas. and areas exempted: Molise, Abruzzo and common areas.

Once the subjects that can access the financing for youth entrepreneurship have been identified , we find out which are the expenses that can be financed. The law n. 95/1995 stipulates that they can get loans dedicated people who have to bear the following expenses:

  • expenses for the production of goods in the following sectors: crafts, agriculture and industry;
  • expenses to be incurred for the supply of services relating to any production sector.

Dedicated loans

Dedicated loans

Funding cannot be obtained from youth entrepreneurial projects that are not characterized by the requirement of “newness of the initiative” or that do not lead to any increase in the production base and employment. Finally they can not enjoy such loans dedicated to projects that provide a higher 2,582,284.50 USD investment.

They can be admitted to the financings of the law n. 95/1995 those companies that must bear the following expenses:

  • purchase of land: it must be equal to 40% of eligible expenditure;
  • execution or purchasing of building works including the costs necessary for the building permit or for the final design;
  • expenditure necessary to carry out the study of the feasibility of the business plan with market analysis;
  • expenses for purchase of tangible and intangible assets multiyear instrumental to the realization of the production cycle;
  • expenses for purchase of machined parts, systems, connections and equipment.

The expenses incurred by the entrepreneur before submitting the loan application are also not allowed. No charges are allowed for the purchase of goods that belong to the members or their relatives are not allowed as well as investments in the agriculture sector.

But what, on the practical side, the facilities that the law n. 95/1995 establishes for youth entrepreneurship? It provides for two types of aid:

  • real services needed in the start-up phase of the business activity;
  • financial incentives;

The latter are divided into investment costs and management fees. The law provides that investment expenses can obtain grants and subsidized loans. These are the expenses that the entrepreneur bears to carry out building works, feasibility studies, connections, plant purchases, machinery, equipment, patents, intangible assets, software, etc.
The law, however, provides repayable contributions for operating expenses. They involve the purchase of goods, raw materials, finished or semi-finished products, property leases …
Even the actual facilities are divided into two categories: instrumental real services for enterprise phase of start (the so-called start-up). The information and support services necessary to give young entrepreneurs the possibility of defining their business plans in the best way are financed. They are also eligible for funding even those training services, technical assistance that can help young people to solve the first problems associated with the start of the business.

Regional Loans – Loans

Regional funding is made available by the Regions to help small and medium-sized businesses that need liquidity. Each Region periodically delivers economic and financial benefits to support and incentivize productive activities and all those projects that have the specific purpose of re-launching or renovating existing structures. It is, as you may have guessed, an important support for the economy of the Italian company, increasingly crushed by the crisis.

Each Region develops different financing plans but each of them has a minimum common denominator: each company must submit its project to the Region and the Region must approve it. Only with the approval of the dedicated Commissions, the Region will be able to provide the financing in favor of the companies.

Small and medium-sized enterprises

Small and medium-sized enterprises

Obviously, not everything is financed. Small and medium-sized enterprises can request access to regional financing for the purchase of buildings to expand the company or to make investments to buy new machinery or to renovate business premises or to renew the facilities used to operate the company. ‘business activity. Finally, many funds are provided by the Regions for those projects that involve new technologies to safeguard the environment.

We have specified above that each Region periodically provides funding for small and medium-sized enterprises. Let’s find out, Region by Region, what are the economic contributions that each makes available to entrepreneurs.

Veneto Regional Loans

The Veneto Region provides loans to small and medium-sized enterprises (SMEs) and non-repayable loans for Local Authorities. All in implementation of regional provisions. These regulations provide for the provision of regional financing to achieve these precise aims:

– revitalize historic and urban centers;
– requalification of the relative commercial activities;
– promote and support traditional, electronic or all those activities with historical or artistic value;
– to promote credit cooperation and associations;
– promote the development and modernization of small and medium-sized commercial enterprises in the regional territory;
– incentivize the dissemination of quality certification methodologies within the SME of commerce and services.

All these objectives are pursued by the Veneto Region through the provision of the following economic contributions:
– contributions to Municipalities and SMEs to support trade;
– low-interest loans to SMEs through a revolving fund;
– guarantees on loans to SMEs through contributions granted to guarantee institutions for the implementation of risk funds;
– contributions to SMEs provided through the use of financial resources to support projects for the redevelopment of the management processes of small and medium enterprises.

Financing Tuscany Region

Financing Tuscany Region

The Tuscany Region, through the provision of economic contributions dedicated to the company, aims to achieve a twofold objective: to emerge from the economic crisis and to face it as well as to relaunch and strengthen the companies that are part of the Tuscan productive fabric. To achieve these important objectives, the Region has the financial resources belonging to its own budget or European funds. Great attention is given to small and medium-sized enterprises to which the Region provides free guarantees on soft loans, again, subsidized interest rates whose application is made possible thanks to agreements signed with banks and Fidi Toscana.

The interventions of the Tuscany Region are carried out through the following instruments:

– financing for youth enterprises;
– non-refundable contributions for tourism companies;
– financial incentives for the acquisition of subsidized services by companies;
– contributions for new hires carried out by companies in the Province of Prato;
– non-repayable loans with the rotation fund of the Tuscany Region.

Financing Lombardy Region

There are numerous areas of intervention for the contributions made by the Lombardy Region . They consist in the provision of non-repayable grants for innovation and industrial design, non-repayable contributions for the establishment of 50% new companies, medium / long-term loans with guarantee at first demand, interest subsidies on investment programs of the current year and next year. These benefits are periodically provided by Lombardy to support companies operating in the economic fabric of the Region or to emerge from the economic crisis.
In particular , the following can be financed: industrial research and experimental development costs, the cost of which cannot be less than € 100,000.00 or higher than € 2,000,000.00. In addition, personnel costs related to researchers, technicians, expenses for technical consultancy and external services are eligible for the development, testing and testing of the product / service. Finally, depreciation costs related to plant, machinery and equipment are eligible.

Funding for the Emilia Romagna Region

Funding for the Emilia Romagna Region

The Emilia Romagna provides a whole system of non-repayable loans. Furthermore, a specific sector of contributions was envisaged to relaunch and help the areas hit by the earthquake. The Region therefore provides benefits for innovative companies. It also provides incentives for companies born in the last 4 years.
Currently two tenders have been issued that provide economic contributions to those companies that have to hire employees: these companies can receive one-off grants of up to 8000 euros.
Lastly, we recall the specific financing interventions such as those in favor of the Province of Ravenna and provided to favor the installation of photovoltaic systems.

Regional Funding Puglia

Regional Funding Puglia

Specific contributions and financial subsidies are granted by the Puglia Region in support of self-employment, micro-enterprise, youth entrepreneurship and tourism. These grants are paid in the form of an interest-rate incentive, in the form of start-up tenders, of integrated facilitation projects.
In particular, we recall that the Province of Foggia grants grants to help start up new businesses . The province of Bari , on the other hand, grants subsidized loans to encourage new productive investments, the requalification of the company’s financial structure.
Finally, the province of Lecce grants contributions for the purchase and installation of video alarm systems and anti-robbery video surveillance.

Lazio Regional Loans

Lazio Regional Loans

Currently, Lazio provides grants for the development and modernization of artisan businesses, grants subsidized loans to promote female and youth entrepreneurship and, finally, provides a detailed financial aid plan for innovative companies.
In particular, the Province of Rome has issued a series of calls for grants to grant grants to finance investment programs and technological innovation. The province of Frosinone deals with financing the business start-up. The province of Latina is providing grants for highly innovative projects, interest subsidies for artisan businesses. All these contributions can be made to modernize the company’s premises to buy new machinery and equipment.

Ultimately, the current interventions of the Lazio Region consist of:
– Discounts of up to 70% from the new business guarantee fund;
– Non-repayable financing for the creation of new businesses: they cannot exceed 75,000 euros;
– contributions paid to those companies that decide to hire new workers with apprenticeship contracts

Regional Loans Abruzzo

Abruzzo provides a whole series of grants to promote agritourism, female entrepreneurship. Specific loans are also provided for craft businesses. Currently, in fact, it is the most flourishing economic sector of the Region.
Specifically, the Province of Pescara provides subsidized loans to those companies that invest in innovation. The province of L’Aquila provides a series of loans and grants aimed at reactivating production and entrepreneurial activity following recent natural disasters. Finally, the province of Chieti provides grants to facilitate access to credit for craft businesses.

Calabria Regional Loans

The Calabria Region has a particular focus on the insertion of unemployed and unemployed young people into the world of work, especially if they are graduates. It is to this category of subjects that the Region has dedicated regional economic aid and capital and interest-rate contributions disbursed with the help of Europe.
In particular , the province of Reggio Calabria has issued a series of public tenders to support employment and to promote the spread of photovoltaic systems. The province of Crotone makes a series of contributions to those companies that submit patent applications for industrial inventions. Finally, the province of Catanzaro provides grants in favor of those companies that achieve the quality certification of business systems.

Campania Regional Loans

Campania Regional Loans

The regional contributions supported by the intervention of the European Union are substantiated in a series of non-repayable grants and subsidies aimed essentially at new businesses, mostly set up by young people, promoting women’s entrepreneurship and the development of tourism in the territory.
In particular, the province of Naples has provided a series of capital grants to support interventions aimed at saving energy and supporting the use of renewable energy sources. The province of Caserta provides financing for those companies that want to modernize their plants or buy new machinery. Finally, the province of Salerno provides grants for the adjustment and restructuring of dairies.

Regional Funding for Sicily

The protection plan devised by the Sicily Region involves grants aimed at youth entrepreneurship, female entrepreneurship and small and medium-sized enterprises.
Specifically, the province of Agrigento provides a series of contributions to support the fishing sector. It also provides non-repayable loans for youth and / or female companies. The province of Palermo make contributions to agricultural enterprises and for start-up business. Finally, the province of Siracusa delivers a range of subsidized loans in favor of small businesses.

Regional Loans Sardinia

To stimulate the growth of its economy, the Sardinia Region grants grants for technological and organizational innovation of companies, for the modernization of companies and for the training of their staff. Furthermore, with its financial interventions, the Region aims to promote female entrepreneurship.
In particular, the province of Cagliari provides a series of contributions for asbestos remediation and financing to support and promote the development of female entrepreneurship. The province of Sassari grants contributions to support the creation of companies.

Piedmont Regional Loans

Piedmont Regional Loans

We conclude our examination of the financing plans envisaged by the Italian Regions with the Piedmont Region. It provides a series of non-repayable contributions to help companies purchase machinery, equipment and facilities, software and hardware. Business combinations are also favored, incentives for those companies that want to hire new staff, grants for research and development. With other types of benefits, the Piedmont Region aims to help and support companies in the start-up, growth and development phase. We recall, in this regard, non-repayable grants of 50% for training expenses for company personnel, contributions for the internationalization processes of companies operating in the territory and subsidized loans and contributions for new cooperatives of youth enterprises.

Quickly loaned loans without collateral (with bills of exchange): some viable solutions

They are an answer for those who have an income, need liquidity and have received waste from the banks: fast-moving, unsecured loans.

What are loan changes?

What are loan changes?

They are unfinished personal loans in which the installments are paid with the immediate issue of as many bills as there are installments to pay.
These are loans that usually have a fixed rate and a constant installment.

Example:
Financial : FinFlorence
Product : loan remittance
TAN Fixed : 14.63%
Withdrawn amount : $ 5,000
Destination : any
Monthly installment : $ 200 x 30 months

They generally have rates that are on average higher than personal loans, but never too high – always below the wear limit, of course.
The applicant is not asked for any details on how he will spend the money or on the reasons why he is borrowing it.
It is possible to repay a loan at any time of the contract, repaying the amount due.

Why are loans redeemed quickly?

Why are loans redeemed quickly?

It takes a few days to evaluate a loan request, if all the required documentation has been submitted.
The finance company immediately begins an inquiry into the applicant to assess whether he is, reasonably, able to repay the debt. In particular, check that the debtor:

  • have an income and, if it has, the loan can be disbursed even without additional guarantees;
  • have not already protested – in these cases it is very rare that someone decides to lend;
  • is not already too indebted to other companies and financial institutions.

There are no fixed rules, however, each financial company independently chooses whether to lend and its judgment is final.

What are the requirements to apply for loans with bills of exchange?

Loans are issued to any category of employee, whether employed or self-employed, and without additional guarantees if the applicant proves to have a reliable income or an adequate amount of provisioned TFR.

Loans of this kind are often granted to bad payers, or subjects who have been denied by other institutions because there are delinquencies or delays in their history.
It happens, in some cases and depending on the subject’s overall indebtedness, that a life insurance policy is requested on the debtor, which can, then give the financial guarantee to obtain reimbursement even in the extreme case of death of the debtor.

What amounts can be obtained?

The financial companies that grant these loans generally have different rules and products.
Usually, you can get between $ 2,500 and $ 30,000, to be repaid over a period of 1 to 10 years.
The agreed amount is normally paid only after the debtor delivers the signed bills.

What are bills of exchange?

 

The promissory note, also called the promissory note, is a real credit title and its official name is promissory note.
They are paper titles, slightly larger than a check. They are bought in bars and shops that sell stamps.
They are basically promises of payment where:

– a subject – who is the debtor
– promises
– to another person – which is the financial company
– to pay
– on an agreed date
– a defined amount of money
– by debit to a pre-established current account.

The title must be signed by hand by the debtor.
Each bill of exchange must be carefully completed, signed and stamped: the back of the promissory note, in fact, must have stamped marks attached for a total of 11 per thousand of the value of the payment promise.
For example, a promissory note with a promise to repay $ 200 must have revenue stamps totaling $ 2.2 for it to be considered valid.

From the previous example:
Withdrawn amount : $ 5,000
Monthly installment : $ 200 x 30 months
Cost for stamps : 2.2 x 30 = $ 66

Without revenue stamps, the bill is void.
The financial beneficiary, obviously, will not accept bills of exchange if they are not correctly stamped.

How does payment through bills of exchange work?

How does payment through bills of exchange work?

All bills of exchange signed and stamped are in the hands of the financial company which, in the days preceding the expiry of each one, delivers them to its bank with the request to credit the agreed amount.

The financial bank sends the bill to the debtor’s bank requesting payment. The bank that receives it normally notifies the debtor that a bill of exchange has arrived to be paid, but does not have to request authorization to charge it: the security is already enforceable and the bank is required to withdraw the amount due within the defined time.

If the current account has sufficient funds for the charge, everything is settled without problems. If, however, the account does not have sufficient capacity, the debtor is protested.
The financial company that does not receive the amount due to it can, in fact, start the protest and attachment procedure.

For this reason, if a debtor fears that he does not have sufficient funds to pay an expiring bill, he must make contact with the financial company and explain the problem before the protest starts.
It can, for example, agree on another payment method or issue a new bill of exchange with a future expiry – this option will cause an increase in interest.

Who do you need fast loans without guarantees?

Who do you need fast loans without guarantees?

Most banks, credit institutions and financial companies do not accept bills as a tool to repay all loan installments.
There are, in fact, some practical aspects connected with the management of promissory notes that not all subjects are ready to accept: storage, bank delivery, replacement, etc.
Here are the references of institutions that offer loans for exchange: it is advisable to check availability directly with the subjects.

Loans made quickly at home: best offers and financial disbursements

Getting the loans quickly changed within 24/48 hours is not easy at all, there are some little precautions that need to be put into practice: it is a strategic question to know how to choose the best assisted credit products with a rapid exchange effect release.

Since the bills represent a credit instrument and a payment instrument, they are considered a good guarantee for the credit institution and for every financial company that provides the financing to the instant subject in a short period of time (even less than 24 hours ) directly to your home.

The telematic revolution that has invested the financial services sector has allowed banks and all credit intermediaries to speed up the loan disbursement process, in particular those with the issuance of bills of exchange that are currently very popular and great request from the public.

Given the relevance of today’s home-based loans, it is important to dedicate this article to the selection and selection of the best credit product suited to customer needs.

Basically, before contacting a finance company or a bank, remember that you must always be able to evaluate what a fast loan is, what the attributable advantages are and, above all, you must be able to find it in the right channels..

Thanks to this guide you will find in fact all the best financial and banks that allow you to realize your dreams: to have a loan disbursed with bills in less than 48 hours.

What is a home-based loan?

What is a home-based loan?

The loan remitted at home is a credit product that can be requested through an online procedure, the application of which can be presented by one’s own PC, by consulting between the various sites, or by appearing directly at the branch of a bank and financial company that will proceed with the disbursement of loan by sending the bank check directly to your home in order to realize your dreams or for liquidity needs.

Being a “niche” credit product the home-based loan belongs to the category of online loans it allows banks and financial institutions to offer ever more advanced products that are increasingly customizable according to the different needs of customers.

The user segments that can request a home loan can be ascribed only to certain categories considered, often and willingly, not bankable since they are bad paying subjects or protesters or foreclosures that can present the request for loans directly online on the Internet.

This is the peculiar feature that allows the same to receive the check or the bank transfer directly to your home in a short period of time, without having to wait for all the preliminary investigation and verification phases that involve “delays” in obtaining a plafond of economic resources.

However, we need a consideration and an evaluation of no small importance: requesting a loan for home exchange entails a procedural difficulty since it is extremely difficult to be able to follow the whole process online. The bills are a physical asset, a tangible credit which must be signed by the instant subject.

Most of the banks or financial institutions that provide quick loan loans forward the credit card that is presented to the bank at home.

Who should I contact for a quick loan?

Who should I contact for a quick loan?

Since this is a “niche” credit product, not all intermediaries and credit brokers are able to offer such a product that knows how to combine the possibility of satisfying a particular demand from the end and end of users that are considered high risk and get financial capital in less than 48 hours.

Distinctive features of fast-changing loans:

  1. are aimed at a target group of customers with a high risk profile (protesters, bad payers, foreclosed, unemployed, housewives),
  2. the “time” factor plays a significant role and affects the level of satisfaction of the recipient of the loan who needs a sum in less than 48 hours,
  3. possibility to subscribe the loan from home and to receive the check or the bank transfer directly at home,
  4. the bill of exchange must be signed by the applicant and presented to the bank in the collection since the same is carried out by credit and by means of payment (in essence it replaces the installment of the “canonical” loan).

There are few intermediaries and credit brokerage companies that are really able to satisfy the growing demand for a fast loan. What are the indisputable leaders who are able to satisfy customers and are they able to grant fast financing with the release of bills of exchange?

Fast loans for fixed-term employees

Due to the economic crisis, today there are more and more workers hired for a fixed term. For these, obtaining a loan is not easy, because the precariousness of the employment relationship and the limited duration of the contract are elements that are evaluated by the banks and the financial institutions as causes for not granting a loan. Yet, getting a loan even with a fixed-term contract is difficult but not impossible, especially if the request is well structured and has certain characteristics.

Even a temporary worker can therefore access the credit and request fast loans. Fast loans are special types of loans, which are characterized by the speed of the procedure, in fact from the moment of approval of the practice to the disbursement of the loan they will spend a maximum of 2/3 days. Fast loans are the ideal solution for those who urgently need liquidity to meet unexpected costs.

How fast loans work for temporary workers

How fast loans work for temporary workers

First and foremost, it must be borne in mind that the fast loans required by fixed-term workers must have a duration less than or equal to that of their employment contract. Therefore, if we have a 24-month employment contract, we can apply for a loan, whose repayment plan cannot exceed 24 months. This happens because the financial company or the bank wants guarantees for the reimbursement and these are given only by the pay slip.

One of the major factors taken into account by the credit institutions, at the time of providing a loan, is the installment / income ratio which is an index of the applicant’s ability to repay the loan. Therefore, at the time of the loan request, it must always be kept in mind that the sum requested, includes installments that are in line with the income received.

Furthermore, fixed-term workers are often asked to provide a guarantor, especially when the sum exceeds a certain amount.
The loan application can be made directly to the bank, financial or post office, presenting:

  • identity card
  • fiscal Code
  • last tax return or pay slip
  • work contract

The guarantees necessary to obtain a loan from a temporary worker
Regardless of the person requesting the loan, be it a fixed-term or permanent contract, the guarantees required to provide the loan are always the same, namely:

  • Risk policies: when the loan is requested, the financial institution assesses the risk it faces in the event it decides to pay the loan
  • Creditworthiness: it is ascertained the presence of foreclosures, insolvencies or other that could reduce the probability of obtaining the loan
  • Income: the applicant’s income is assessed. In the event that the loan installment has a significant impact on the applicant’s quality of life, the loan would not be granted. The fixed-term worker, as well as the permanent employee, is not required to justify the reason for the loan request.

Assignment of the fifth for temporary workers

Assignment of the fifth for temporary workers

The precarious workers can use an alternative way to request fast loans, and that increases the probability of obtaining a loan, given by the sale of the fifth. In this case, the installment will be withheld directly on the pay slip, on condition that the installment does not exceed 20% of the salary and that the repayment plan does not exceed the duration of the employment contract.

Given a series of guarantees, even temporary workers can access fast loans. The financials and the banks that offer this type of loans are different and some provide for a TAN (annual interest rate) and an APR (annual effective global rate) that is really convenient. In this short list, I will list a number of credit institutions that offer particularly advantageous interest rates. The first place if the adjective Bankate, which offers the most advantageous rates compared to other financial institutions, immediately after Bankate we find Findomestic, followed by Compass and Unicredit.