There are many companies that inquire about how to apply for a non-repayable loan. In fact, these products represent a very interesting solution both for those who have just started a business and for those who already have one and are going through a moment of crisis.
How to access a non-repayable loan: the steps to follow
How to apply for a non-repayable loan? The first thing to consider in this regard is the analysis of the characteristics of the institution that provides the loan. In most cases, these are loans deriving from European funds, which can be managed both directly by the EC and by the individual local administrations of the member countries.
The rules for accessing non-repayable loans change according to the reality that provides them. In general, however, it can be said that these products are reserved in particular for the entrepreneurial realities that have just started, or for female entrepreneurial initiatives.
Non-repayable loan: what is it?
Inquiring about how to apply for a non-repayable loan is important, but it is also good to understand the characteristics of the product in question. The non-repayable loan is distinguished by the fact that those who request it do not need to repay the principal or interest.
The loan in question can be defined as an investment that a company or public body makes on a specific company. This explains the rules mentioned in the previous paragraph and the reason why non-repayable loans are reserved for companies with specific characteristics considered strategic.
Where to find non-repayable loans: the main references
To understand how to apply for a non-repayable loan it is necessary to get an idea of the best references to find the calls. Among the most important it is possible to remember the official portals of the Regions, on which it is possible to periodically find information on calls for non-repayable loans destined for certain business sectors.
Invitation calls: here’s what to know
Another essential reference for those who want to keep themselves documented on how to apply for a non-repayable loan is the official website of Invitation. The National Agency for the Attraction of Investments and Business Development periodically offers solutions dedicated to those looking for non-repayable financing to finance their company.
On the basis of the contents of Law 185/2000, future micro-enterprises, franchising activities and requests for access to credit by those who want, through the loan of honor, to open a sole proprietorship, are particularly favored.