Loans for freelancers

Loans for freelancers

Do you need financing for your business?

The access to liquidity that the loans for freelancers give you can be very useful to react to the needs that may arise.

The purpose of this page is to show you what your options are when it comes to getting loans for freelancers, what are their conditions and requirements.

Why is Bankate a safe service? Can I trust Bankate?

Why is Bankate a safe service? Can I trust Bankate?

The financial market is constantly evolving. Each of the different types of loans for freelancers is changing to better adapt to market demands.

In this process of change, new loans, new conditions, and new entities appear in the market. Given this process, the comparison task becomes complicated for the user, consuming a lot of time.

  • In Bankate we strive to offer you an updated list of loans for freelancers, detailing their conditions and requirements and, above all, with reliable lenders that comply with current regulations and are safe.
  • If you are looking for loans for freelancers in reliable companies and with transparent contracts, you can take a look at our list of updated loans.
  • You can request the one that interests you most simply by clicking on the green button.
  • Remember that our service is completely free and not binding.

We will always show you all the costs associated with the best personal loans, detailing their:

  • Interests
  • Terms
  • Requirements
  • Advantage
  • Disadvantages

Unlike other lenders, we want to avoid small letters

Frequently asked questions about loans for freelancers

 

What are loans for freelancers?

Loans for freelancers is a financial aid that people can apply for if they need financing for their business.

Are these loans granted to all autonomous persons?

The answer is no. Any autonomous person may apply for this type of loan, but for them to be granted, minimum requirements must be met.

Is it possible to request a loan for freelancers if I am in Credit institutions?

Yes it is possible since some banks grant loans with Credit institutions. Anyway, this will depend on the debt you have since if it is very high it is very possible that it will be rejected.

What is the highest amount I can request in a loan for freelancers?

This will depend on the bank you choose. Bankate offers you a list with the most convenient, of which the maximum possible amount is $ 50,000

How to apply for a fast loan for freelancers

Time needed: 20 minutes.

In this section we want to facilitate the process of requesting a quick loan for people who are self-employed. Then:

  1. Compare our loan list

    Choose the one that interests you most from our list and click on 

  2. Fill in the data

    Each bank will ask you for some information that you must complete to send the loan application

  3. Wait for the answer

    Once the data has been sent, wait for the response from the bank on whether your loan is rejected or accepted

  4. Receive the money

    In the event that your loan for freelancers has been accepted, you will receive the money in your bank account in about 48 hours

How do I know if I need credits for freelancers?

Businesses always have the objective of generating money, but it is usual that there are times when they require investment.

Being too conservative and not making this investment can have serious consequences, because the market is very competitive and customers are not willing to give second chances.

When do you need credits for freelancers?

In any of these situations:

  1. Invest in stock
  2. Troubleshoot
  3. Launch a marketing campaign
  4. Pay for a service

In short, these are situations in which the money is going to be used for something productive and the return on investment is expected to exceed the interest payable.

Omitting any of these actions because short-term money is not available can greatly affect the long-term business. In a changing reality like the current one, the worst decision may be not to react.

For example, a customer who visits a store for the first time and checks that it has no stock of what they are looking for may not re-enter. Although it is not very serious, it is a bad experience and there are so many options that the consumer can simply get used to going to another.

That is why, in Bankate we have gathered a series of lenders who are willing to grant loans for freelancers and allow you to react when any situation makes you need liquidity.

Thus, if you are looking for a loan for freelancers, you can use our updated loan list to compare each of them and choose the one that best suits your situation.

Thus, if you are looking for a loan for freelancers, you can use our updated loan list to compare each of them and choose the one that best suits your situation.

Can you get loans for freelancers without collateral?

Can you get loans for freelancers without collateral?

One of the usual credit problems for freelancers and businesses is that financial companies request a guarantee. From his point of view it is logical, since small businesses and entrepreneurs are a risky investment.

However, for borrowers to provide a guarantee in loans for freelancers is a problem, because the success of the business project would be linked even more to the personal life of the individual.

There are other options such as loans for freelancers and entrepreneurs without collateral, which have the following advantages:

  • The borrower does not need to involve anyone
  • Nor is it necessary to present any of your assets as collateral.

Loans for self-employed people without collateral tend to have significantly higher interests than those that do have collateral. The convenience of one or another possibility is something that you should personally value.

Loans for freelancers with Credit institutions

Loans for freelancers with Credit institutions

A more common situation than one might think is that the self-employed worker is enrolled in Credit institutions for a dispute with a service company (for example, an electric company or a telephone company).

At one point, this consumer needs money for their business and sees how many lenders deny it because they are in Credit institutions.

Many times, the fact of not paying such an invoice is due to a reaction to unfair behavior by the service company. In reality, the client does not have a solvency problem, but still does not get credit.

Fortunately, there are credits with Credit institutions in which being listed in a delinquent registry does not have to be the cause of rejection of a loan.

That loans for freelancers with Credit institutions exist does not mean that they are granted automatically. If your debt is too high or the entity considers that it is very likely that you cannot repay the loan, they will not grant it to you.

Think that this is not something negative in the long term. Committing a default has severe consequences and it may only be advisable to request financing for your business if you are sure that you can return the money within the stipulated period.

The best loans for freelancers online

It is difficult to decide which are the best loans for freelancers in the market, since what is good for one consumer may not be for another.

That is why when studying the best loan offers for freelancers, some consumers will give more importance to some characteristics of the loan and others, to others.

The important thing is to consider what you need :

  1. That the money arrives quickly
  2. Pay the lowest possible interest
  3. That does not compromise the personal assets of any family member with a guarantee
  4. That they admit you even if you are in Credit institutions
  5. That you can use the money for whatever you want.

Decide which feature is most important to you before you start comparing the different loans on the list. The main thing to keep in mind is how each of the loans for freelancers adapt to your needs.

Comparator of personal loans for freelancers

Comparator of personal loans for freelancers

If there is something in which everyone agrees, it is that before launching to ask for loans for freelancers it is good to compare several options. Doing so will help you make a better and more informed decision.

In Bankate we aim to help you compare the different options with our loan comparator. Therefore, we offer you an updated list of lenders, with basic information about each of the different loans.

Then you can go to the website of each lender and try their personal loan simulator for freelancers.

Remember that as long as you do not accept the contract and make the loan transfer, the whole process will be free, so you can compare freely without worrying.

Requirements to obtain loans for freelancers

The requirements of loans for freelancers of traditional banking can be too demanding and tedious.

In Bankate we offer you a list of financial institutions that offer loans with few requirements. Aware that sometimes it is necessary to be able to act with speed, these entities have reduced their demands to accelerate and facilitate the process.

When applying for loans for freelancers, you must meet some basic requirements:

  1. Be of age
  2. Be a resident in Spanish territory
  3. Have an online bank account in Spain
  4. Have a valid ID
  5. Have a contact phone number and email address

If you do not meet any of these requirements, either because it is not legal to make a contract with you in the case of the first, or because there is a high risk that you use the money laundering credit in the case of the second, no self-employed loan company can offer you its services.

Types of loans for freelancers

There are currently a large number of loans for freelancers. It is important that you know them so that you can study the different options and choose the one that interests you most at all times.

We tell you in a simple way the most common types of financing for current freelancers below:

Credit lines

The particularity of credit lines for freelancers and SMEs is that you have access to liquidity at all times, and only pay for the available money.

It is a convenient difference with respect to a loan, because in the latter case they give you the money and you pay the interest, use it finally or not.

Among the many options on the market, the Evo Finance card can help:

  • It has no annual fee
  • It offers a lot of flexibility
  • It allows you to decide how much you want to pay each month

In this way, you can have money available at any time, where and when you want, and you can also get cash from the cashier wherever you are.

Loans for freelancers and SMEs

Loans aimed at freelancers and SMEs have a couple of conditions and not very favorable requirements:

  • The money is used exclusively in the business project
  • You are asked for proof of payments, budgets or invoices

Generally, a loan for a business project has lower interests than a consumer loan.

Personal loans for particular projects

These are lifelong personal loans. Many times entrepreneurs cannot justify that the expenses are going to go to a company, because the company simply does not yet exist as such.

In that case, loans for freelancers are actually loans with personal guarantee.

P2P loans

P2P loans means peer to peer loans which in turn means peer-to-peer loans, that is, between individuals.

If we think about it, these types of loans have always existed, but now, thanks to the internet, it is much easier for individual lenders to find borrowers and vice versa.

For many they are still something new, but there is no doubt that they have a great future ahead.

Loans for new freelancers with collateral

Loans for new self-employed people with collateral are more profitable than loans without collateral, since, in case you cannot pay your debt, the lender will demand it from your guarantor, so the risk for the lender is significantly lower.

What you have to keep in mind when you ask someone to guarantee you is:

  1. How will it affect your personal situation if the lender finally makes use of the collateral?
  2. What are the chances of this happening?
  3. What is the total price difference between this option and the option without endorsement?

Keep in mind that if at any time things in your business go wrong, the last thing you need is to have problems with your parents, in-laws, siblings or friends because the lender asks them for money for the loan.

Remember that you should not use the financing as a temporary solution to the need for cash or knowing that you will not be able to pay at the end of the term, since sooner or later this will bring problems both for you, personally, and for your company.

If things do not work and you have no good reason to think that they will improve, it makes no sense to seek loans for freelancers, temporarily solve the situation and face an even bigger problem in the future.

However, these financing options are a good help for specific situations in which liquidity is needed or to face growth opportunities.

In summary…

Today there are many different possibilities to obtain loans for freelancers, so to be able to make a good decision it is necessary to compare them carefully.

  • Whether they are loans with collateral or without it, with Credit institutions or even lines of credit, in Bankate we have gathered several financial companies that grant this type of financing, and we can assure you that all of them are reliable and legal.
  • In this way, we hope to help you with the process of information collection and comparison.

The loan application is completely free, so if you are not sure that your loan will be granted, you can make a request in each of the entities in which you are interested and choose the one that suits you once you have the contract. You can refuse the others and nobody is going to charge you anything. Find your next loan at Bankate See the list