Getting a loan when you are a craftsman is not always easy, fortunately, it is possible to request an online comparator in order to quickly obtain financing at the best rate.

The professional loan is financing which will allow being amortized over several years within the framework of professional activity, its use can be diverse and varied. A craftsman who needs to buy a new utility vehicle or simply a machine tool allowing him to carry out his activity will find in professional credit the possibility of obtaining funds quickly. Some will also turn to the pro loan for an urgent need for cash. This is not the only opportunity that can arise for the craftsman in the construction industry, the latter can also use professional credit to buy premises or invest in stone.

 

Obtain a professional credit

The use of credit will require clarification on his project but also on the situation of the craft activity. Professional credit can be requested by an artisan wishing to create an activity as well as in the context of a business takeover. It is also possible to turn to this financing when the craft activity simply wishes to invest to perpetuate the activity. Each company has a specific situation and therefore requires a personalized financing solution.

 

Guarantees in professional financing

Obtaining a professional loan for a construction worker will involve providing some details on his situation. For a company already in place with a few years of experience, it will simply be necessary to provide the last 2 balance sheets of the company. The bank will essentially use the gross operating surplus (EBITDA) to analyze the situation of the company and its capacity to be able to absorb a financial debt. For creation or a resumption of craft activity in the BTP, it will be necessary to bring other elements such as for example a business plan. Each credit institution imposes its own criteria for professional financing.

Beyond the formalities to be completed in the context of a professional loan, the craftsman will have to provide guarantees on the repayment of the debt. As part of a creation or resumption of activity, this can result in the addition of a personal contribution. When the activity is already in place, the craftsman can play on the personal or professional deposit. In the personal deposit, the craftsman will simply pledge some of his personal property. In the professional surety, it is a surety company which acts as guarantor in the name of the company, in the event of default of payment it immediately reimburses the bank then turns to the craftsman to recover the funds.

 

Construction craftsman: get a quote for a professional loan

It is difficult to plan for obtaining a professional loan as part of a craftsman activity in the construction industry, however, it is possible to obtain a free estimate of the current loan conditions. The professional credit comparator allows you to apply to one or more banks in order to obtain its financing. With an online estimate and comparison, the craftsman is able to obtain several financing offers and choose the best proposal.

If you have a positive Credit Bureau, a loan for teachers is very easy to obtain, because here a monthly income is also guaranteed. It looks different if the borrowing teacher has already entered one or more existing loans in Credit Bureau. In such a case, the bank may refuse another loan for the teacher despite the good monthly income.

A loan for a teacher with a positive Credit Bureau

Even with good monthly income, as the teachers usually have, you can get into a bottleneck and take out a loan. This can be used, for example, for the purchase of a new vehicle, new furniture or for the next relaxing holiday. If you then have no other loans as a borrower and have entered them in the Credit Bureau, the bank quickly approves a loan here, even to a higher degree.

When borrowing, however, as a borrower you should pay attention to good conditions and not take out the loan from the first bank, such as the house bank. The Internet can be helpful here in the search for good conditions in the area of ​​interest and costs. With good credit offers, it makes sense to have them confirmed in writing and to make an appointment with the house bank with this written offer. Most of these banks then get better terms.

A loan for teachers with negative Credit Bureau at a Cream Bank

Of course, it can always be the case that there are already a few entries in the Credit Bureau, for example because you had to take out credits to teach in order to finance it. Then it may well be that the banks refuse a loan. If you only need a small loan, you can apply to one of the Cream Banks that are not affiliated to the purely German institution Credit Bureau. With regular monthly income, you can get a loan of up to USD 3,500.00.

Get a loan from one or more individuals

If you need a higher loan amount, you can also get this from private investors via one of the credit platforms from private to private. Here the borrower registers with his desired loan amount. He also indicates how high the interest rate is that he will then pay.

Based on this information, private lenders can decide whether they would like to make a deposit of between USD 50.00 and USD 1,000.00 into this loan. So the borrower gets his amount from many different people. The installments are repaid for a fee by the platform operators, who also calculate the pro rata interest for the respective investors.

Another option: credit for teachers with a second applicant or guarantor

If you, as a teacher, still have some debts from your time at university, you can also include a co-applicant for the new loan, for example for a new car, such as your spouse or spouse, if the applicant has a positive credit and has its own income. A guarantee for the desired loan is also possible. This guarantor must also have a regular monthly income and positive Credit Bureau information.