Loans with lost funds for SMEs are low-interest loans granted without any obligation to repay capital or interest. In the event that an aspiring entrepreneur wants to start a business, he can evaluate the possibility of requesting a specific sum of money without the obligation to return it.
It is a form of loan suitable for certain categories of highly risky subjects (think, for example, of the unemployed, women, the generation of NEETs, etc. etc.).
Let’s find out in this guide all the details about the Loans: how they work and when to request them?
When should I apply for SME Loans for SMEs?
As already anticipated in the introduction, the Loans for Lost Funds for SMEs are nothing more than loans aimed at start uppers or at all those who, in search of realizing their own entrepreneurial dream, decide to start a company in any Region of Italy.
Often and willingly, they fall into this category: very young, women and the unemployed who decide to invest capital in an economic activity in any sector (agriculture, manufacturing, tertiary).
It is easy to understand that the Loss Fund loans for SMEs are a credit product provided by the European Union, the State, the Region or local authorities, suitable for promoting employment and entrepreneurial autonomy.
The non-repayable loan for SMEs has a double value : helping companies born or managed to grow and increase employment.
Non-repayable loans for SMEs: What are the necessary requirements?
To submit a request for a grant for a SME loan, you must meet the following requirements:
- be of age,
- be resident in the national territory,
- being unemployed or young NEETs,
- be in possession of the educational qualifications or technical skills related to the objective of the call (to be consulted in the detail sheet),
- ability to create a strategic marketing project for the insertion of one’s business activity,
- company form (optional).
Loan Fund: conclusions
In fact, ” not all that glitters is gold “, it is not always so easy to take advantage of these loans provided by funds provided by the European Commission.
The bureaucracy, the time to access this type of loan and the limited availability of funds are the critical points that need to be carefully assessed.
For this reason, a very valid alternative is the possibility of requesting a Loan for SMEs in Weird Sisters. If you want more information, contact a Consultant, he will be happy to help you realize your entrepreneurial dream.