2019 Loans: What are they and who can apply for them.
News and advances on non-repayable loans
Loans to the non-repayable fund are economic measures aimed at increasing the economy and the development of the territory by providing a loan without return obligations. who fall within certain age and income thresholds.
Thanks to the use of these funds it is possible for many individuals to apply for a loan to start their own business or to modernize an already started business.
The method for requesting a non-repayable loanably depending on the type of loan for which you are applying.
However, there are specific precautions and very useful considerations if you are thinking of applying for this type of financing.
If you are interested in finding out which types of financing are suitable for your criteria and especially how to apply for one in your city, here are a series of tips and indications for submitting the forms and requesting your Lost Fund financing as well.
Non-repayable loans: characteristics and requirements 2018 – 2019
As already mentioned, non-repayable loans are cash loans disbursed by numerous institutions, both state and European, to support entrepreneurs of all categories who do not meet the necessary requirements for applying for a bank loan.
This type of financing often has no repayment constraint but it is not always the case: in fact, before submitting any question it is good to inquire about the requirements necessary to access it, about the services provided according to your starting condition and, above all, to formulate an accurate a project that shows in detail the type of business you intend to open or modernize.
This step will be essential since it will help you understand the real starting costs to be expected when sending the request. The requirements also change considerably depending on the size of your project and the nature of the financing, just think of all the measures taken during this year to facilitate young entrepreneurs and career women under 30 or under 35.
In fact, even if you meet the requirements necessary to open a bank loan, many of these calls are aimed at multiple categories of people, thus giving anyone the possibility of accessing a non-repayable loan.
Who pays out the Loan Funds?
Loans to the non-repayable fund can be divided into two macro-categories: directly managed, then disbursed by the European Union, or indirect and therefore disbursed by local and territorial entities with the aim of allocating community funds among all subjects that are suitable .
Numerous loans and non-repayable loans are in fact provided by municipalities, regions, provinces and associations of various kinds in order to increase the local economy and combat unemployment.
How to obtain a non-repayable loan?
To begin with, we advise you to periodically check all the local and unpublished notices in the specific reference newspapers. Or, it is further possible to contact National Agency for Business Development which annually publishes numerous calls for proposals aimed at more categories of subjects.
Once you have chosen the call in accordance with what your wishes, objectives and initial requirements are, simply send the appropriate request for funding via the dedicated portal: before proceeding with the sending, we invite you to carefully evaluate all the options in order to choose the type of Lending Fund that is most suitable for you. Once the request has been invited, you will have to wait for the institution in question to make a first selection.
Only then will you be contacted for an interview where you will have to show the business plan complete with all the necessary data so that you can expose all your ideas or projects.
Certainly a good business plan is a very important tool to convince investors to disburse the loan, therefore we advise you to complete it carefully also with the help of your trusted accountant. Within the plan you will have to foresee the start-up, labor and restructuring costs, tangible assets involved but above all it is necessary that there is a profit plan capable of showing what the economic objectives you want to achieve are.
Once you have passed the oral exam you will be able to receive your loan within the terms and conditions set out in the announcement.
Limits and time constraints to which the entrepreneur is subject
The characteristics of a non-repayable loan do not provide for the return of capital through loans or interest, but not always. There are certain types of loans which provide for the repayment of a part of the capital in a limited period of time and which therefore are only partially non-repayable.
In general, the entrepreneur to whom the loan has been granted must guarantee the full exercise of its activity from the moment of subscription up to a period of 5 years, maintaining the position of its headquarters. Even the goods and tangible objects involved must be used from the moment of disbursement up to 5 years, as the purchase of them also derives from the funds disbursed for the opening of the company.
Is it possible to cumulate a non-repayable loan with other loans?
One of the most interesting features of non-repayable loans is their accumulation: these types of loans can in fact be combined with other types of benefits, loans, loans and much more and do not limit in any way the worker who requests them.
Thanks to this possibility, those who are beneficiaries of a Loan Fund can simultaneously enjoy other benefits deriving from other calls and acquire all the tools to start and maintain the success of their business.
The characteristics of these loans perfectly respond to very complex work and market needs in aid of creative entrepreneurs who are eager to contribute to the development of their community and territory.
Non-repayable loans at European and national level
The European Community, responsible for the distribution and disbursement of funds destined for the subsidy of numerous projects, every year allocates capital to various types of funds.
Many of the loans allocated through these types of non-repayable loans aim in fact to bridge the economic and social disparities in the various countries of the union and to improve the health of each territory through a more equitable distribution of the resources available between the various regions.
Even some of the major production sectors such as agriculture or maritime activities can count on specific funds created to support anyone who requests it, but not only. Even artistic and cultural associations can benefit from this type of subsidy, which is also designed to guarantee the funding of all the bodies, artistic communities and associations of cultural dissemination that are so important for our territory.
In Italy only in the last two years has there been a considerable increase in activities opened by young people under 35, an important testimony to the success of the economic measures used to combat the phenomenon of youth unemployment.
For more information, please consult the Invitialia online portal to clarify and resolve any doubts or concerns.