Start your own business with an unemployment loan

Start your own business with an unemployment loan

The sudden loss of job is a shock to most people. After all, unemployment is always associated with high financial losses. At the same time, expenses such as rent, insurance and telephone continue to run unchanged. The longer unemployment lasts, the greater the risk of financial bottlenecks. Due to the lack of income, these cannot usually be bridged by a loan.

Independence as a way out of unemployment

Independence as a way out of unemployment

The search for a new job is often very frustrating. It is not uncommon that after more than 50 applications there is still no new job. With appropriate qualifications, the path to self-employment can be the right solution. However, in addition to the right business idea, a certain amount of start-up capital is usually required. After a long period of unemployment, however, the necessary funds are usually lacking. Tools, materials or office equipment must be procured. In addition, there are also costs for business or tax consultants in many cases. Under certain conditions, the path to self-employment can be financed with an unemployment loan from banks or the employment agency.

Use unemployment loan as a start-up aid

Use unemployment loan as a start-up aid

Anyone who can present a promising concept also has the chance to get a loan as an unemployed person. The first requirement for this is a well thought-out and sustainable business plan. In addition to the necessary investments, this must also include a financial plan with the expected expenditure and sales. Depending on the bank, other conditions must also be met. Depending on the amount of unemployment loan required, additional collateral may be required.

In addition to the classic banks, the intrasavings bank also offers cheap start-up loans. The advantage of this is that repayment does not have to start immediately. In addition, the conditions are often cheaper than at a bank. Another possibility would be an unemployment loan through the responsible job center. This is usually granted if the entrepreneur has been unemployed for a long time and there is little chance of finding a job.

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