It still appears to be difficult for self-employed people to take out a loan. Despite the fact that the economy in the Netherlands has flourished and banks dare to lend again more quickly. Self-employed people in particular have to pay for it. For example, they can only borrow money if they can demonstrate excellent annual figures. They must also have their own company for at least 2 to 3 years. Fortunately, there are still alternative ways of borrowing money for entrepreneurs. You can read more about this below.
Opportunities for applying for credit for the self-employed
Are you a self-employed person or SME and are you looking for a loan? Then there are a number of options for you that we will briefly discuss below.
Option 1: Call the bank for a business loan
First of all, just try it at the bank. It is best to apply for a loan from your own bank, so where you have a business bank account. If the bank cannot provide you with business credit, crowdfunding may be a good second option.
Option 2: Borrow money with crowdfunding
Crowdfunding platforms for both private and business borrowers are booming. In the Netherlands you can already register on various platforms. And entrepreneurs make good use of it. As a self-employed person or SME you register and place a call. Of course, a good business plan or idea should not be missing. Investors can then deposit money. A well-known crowdfunding platform is money for each other.
Option 3: Cream bank
Have you ever heard about Cream bank? This is a fairly new player on the loan market. They lend money to entrepreneurs. The advantage of this lender is that you can also use a coach.
Option 4: Across Lender
In addition to Cream bank, Across Lender also specializes in entrepreneurial loans. However, you can only apply for a business credit with them if you have been active as an entrepreneur for at least two years. In addition, you must have sufficient equity. Across Lender will only process applications if you have a minimum turnover of 50,000 dollars.
Despite all the possibilities, taking out a business loan remains difficult
Applying for a loan remains difficult for the self-employed. Strangely enough, it is still easier for private individuals to take out a loan. It is of course true that the income of the self-employed is not always certain. Providing business loans is therefore risky for banks. Nevertheless, the number of self-employed people in the Netherlands is increasing, and with it the demand for business loans automatically increases.
Compare business credit on Best Bank
On Best Bank you as an entrepreneur may find a provider from whom you can borrow business money. Take a look at the advertisements on our site.