Trucredit as a new way to raise capital for the self-employed and entrepreneurs
Self-employed and start-up founders have bad cards with conventional banks and financial institutions when seeking funding. Since the entry into force of the Basel III regulations on lending, the situation for many is virtually hopeless. Self-employed (without salary statement as for employees) are considered risky customers and are often rejected from the outset.
All the more, alternative ways to raise capital are in great demand. Especially for start-up companies, start-ups and self-employed with relatively low capital requirements up to 50,000 euros louder our insider tip the credit marketplace Trucredit.
At Trucredit it is not the bank that decides, but private investors about whether a loan for small businesses and the self-employed is awarded. Unlike the bank, traders, entrepreneurs and the self-employed can convince private investors of themselves and their project to be financed by providing valuable and important details.
Smart credit seekers present their project with all the essential details so that potential investors can see at a glance whether the desired corporate loan can be granted. The possibility of presenting the loan project is in comparison to the bank the decisive advantage for small companies and self-employed! This considerably increases the chances of getting a loan.
Banks are unsuitable for innovative business models!
Even the most promising business concepts fall on deaf ears with conventional banks. From our many years of experience in innovation & venture management for the self-employed, founders and companies, it is clear that banks are not the right contact for financing innovation. Our recommendation for this are alternative financing models outside the classic financial scene. For relatively small sums of up to € 100,000, crowdfunding credit markets are much better suited. Our tips for this are Funding Circle up to 250,000 euros and Trucredit up to 50,000 euros.
Important: credit project can be presented in detail at Trucredit!
At Trucredit, it is not the bank that decides whether or not a loan is granted to private investors. Unlike the bank, the self-employed can convince private investors of themselves and their project to be financed by providing valuable and important details. Smart self-employed people present their project with all the essential details, so that potential investors can see at a glance whether the desired loan can be granted. The possibility of presenting the loan project is the decisive advantage for the self-employed compared to the bank! This increases the credit opportunities for the self-employed.
Trucredit enables credit without a bank and without expensive bank margins!
The functionality of Trucredit is similar to that of an auction platform : Trucredit allows people to privately lend money to other people or to get a personal loan from other people. The borrower benefits from lower interest rates compared to the bank.
In contrast to online banks (including the house bank), self-employed people can present their loan application to Trucredit and justify in detail what, according to our experience and numerous feedback from customers, clearly favors the positive lending! Private individuals or private investors as investors then decide whether the applicant appears credible to them and with what amount they want to support the project. The possibility to justify the request for credit proves to be extremely valuable especially for projects that are more complex and need to be explained. Only the maximum loan amount of 50,000 Euro seems to be a disadvantage. However, this can be remedied by splitting up the loan project (first loan, follow-up loan 1, follow-up loan 2,…).