There are many consumers who, in addition to their permanent employment in a company, have an ancillary business. If this is to be extended, a loan for ancillary business is needed.
The banks have various options for loans.
Find loan offers for secondary businesses – read quickly
- Maintaining credit for the ancillary industry is easy, thanks to the main job
- Use the connected comparison for a first overview
- Your personal credit terms call you in 5 minutes
- Apply for this – of course initially without obligation – your credit needs on the loan calculator
What is an ancillary business?
By-products are activities that are practiced alongside the profession itself. The ancillary business is not carried out full-time and not as a main occupation.
The legislator provides for a limit of 20 working hours per week. For the tax office, however, it does not matter if there is an ancillary industry or a major trade.
Both types of trade must be registered.
Why an ancillary business?
An ancillary business is interesting for many consumers. You have an idea that you would like to implement. But the money and the time are missing to start a regular business.
After all, every business idea needs a certain start-up phase. And if it can not be survived financially, it will be difficult to pursue the business idea in the long term.
Therefore, the business idea is gradually built up in the ancillary industry. If this is so handy and throws off so much money that can be lived by it, the secondary industry becomes a major trade.
However, the self-employed person was able to regularly work hard and earn money until this step. Very important, if there is a family that needs to be taken care of, or if there is a household that requires funds.
Credit for ancillary business – the search
An ancillary loan is usually not offered under this name. There are loans for individuals and loans for the self-employed.
For the ancillary industry must therefore be looked for a loan for the self-employed. Such loans are accompanied by very special conditions.
They offer a long repayment, low interest rates and also accept hedges that would not work for private individuals. But the borrower must also be able to repay the money from the loan for ancillary trades.
Therefore, it is important that either the ancillary industry makes enough money or the social insurance job does. In order for the bank to be able to verify the creditworthiness, it is therefore necessary to submit sub-contract and main activity documentation.
All income and expenses are added together and compared. If there is enough money left to repay the loan for ancillary business, the chances of obtaining the loan are very good.
Credit for ancillary business – the admission
In order to make a suitable credit selection, the search should always be accompanied by a comparison. The range of loans is so extensive that without the comparison, the entire offer can not be overlooked.
With the help of our loan calculator, this comparison is done within a few minutes. When comparing the purpose of “trade” should be specified.
Not all banks offer loans to traders. Would be searched on a private basis, it may be that the offers found can not be used.
On the other hand, if the loan for ancillary business is needed for the private sector and not for the business, the loan can easily be taken out as a personal loan. And then, in terms of credit quality, the bank will first focus on the main income and consider secondary income from the trade as secondary security.
You should know that
Even tradesmen with ancillary trades can take advantage of funding. Should the company be expanded, then it is worthwhile to examine exactly whether state support can be used.
The financing offered is always worthwhile and individually customizable. It is only important that the subsidies are applied for first.
Subsequent applications will not be considered.