October 8, 2019

How to finance a franchise?

  Franchising is a sector that has developed a lot in recent years because it would limit the risks compared to an independent business creation. In addition, it is active in many areas of activity such as catering, clothing, services, real estate transactions, etc. Given the proven success of the concept, it is possible to obtain financing. to prove more easy. What is the franchise? Definition of the franchise The franchise is a method of close and continuous collaboration between a company (usually called the franchisor) and other companies (called franchisees) that are legally and financially distinct and independent. The purpose of a franchise is simple: the franchisor grants the…

September 30, 2019

Online loan or bank loan? – we check for and against

When we suddenly need more money and are unable to take advantage of our own savings or family loans, we need to find other external financing. A bank loan or online loan can guarantee them. Which solution should you choose?   Credit or loan? The financial product referred to as credit is a strictly banking product, i.e. it is granted only by banks and cooperative savings and credit unions. To take a loan, you must submit a credit application or credit unions and agree to verify creditworthiness and creditworthiness at the Credit Information Bureau. Negative entries in the BIK databases usually eliminate the possibility of receiving a loan. Loans up…

September 29, 2019

What is a revolving loan? How to pay it back?

A revolving loan is extremely flexible and can be used for any purpose. We explain how it differs from overdraft and how it works.   Revolving loan – additional funds that you will use repeatedly A revolving loan is a good option when we have a stable source of income, but we need collateral for unforeseen expenses. We can use additional funds almost everywhere, with great flexibility and freedom. What does such a loan consist of and how does it work?   Revolving loan – what is it and what does it consist in? A revolving loan is an individually defined and permanently available sum of funds for the so-called…

September 12, 2019

Loan for self-employed without BWA

  For the self-employed and freelancers, it is usually much harder to get credit from a house bank than to salaried employees. That’s because of having a fixed and regulated income at Self-employed often does not exist. Before a loan approval, the banks require a lot of information, including a so-called business evaluation (BWA). A short outline, what is a BWA? The business evaluation gives, based on the current accounting, an overview of the sales, cost and profit situation of a company in a detailed and meaningful presentation. In addition, the BWA is an important control function because it provides the entrepreneur with an overview of the company’s development and…

August 19, 2019

Financing / Treasury plan

Realization of the business plan and financial forecast The entrepreneur who wants to succeed his project most of the time need a bank loan but to get the path can be difficult.. 7 Tips to maximize your chances of success. 1- In France, we lend more to an individual or a team than a project because the right fit man/project remains the best guarantee of success of your project. So do not skimp on your presentation: 1 to 2 pages in the business plan in introduction introducing the key technical, commercial and human skills, experiences, economic and human contributions planned in the project, the medium-term vision of the company. Explain…