In the first part, we dealt with all the hypotheses and the financial implications not only of the new holders of VAT, but even before opening it or when, thanks to the opening of a VAT, we can create new jobs. So, where interested in these forms of financing, we refer to loans with a VAT number that has just opened.
While, here, we will deal with how to finance the VAT holders already started, that is, those who have a consolidated business as well as their moments of crisis and any solutions to overcome them in particular when a report has been made as bad payers. We will tell about the funding from credit institutions and those of the associations they belong to (autonomous and free professions) supported by the figures of the bank and on what conditions to access them…
Loans for VAT holders: what is the top priority?
Therefore, when you get in touch with banks and financial companies both online and by going physically to their branches, pay attention that, probably, the first thing that will spontaneously propose to you are common personal loans per VAT number. Why common? Because, despite the name with which they call the product, they are loans that have interest rates aligned with those of the market. In this case and if they have not offered it to you, you must be the one asking for some financing that has an agreement with your trade association.
Why? The reason for the request is based on the fact that only the agreements between the bank and/or the financial institution and the association guarantee subsidized loans per VAT number where the concession is able in some cases to halve the cost of money (interest).
Do not have sufficient guarantees to cover the amount requested
Not only. If, for any reason, you do not have sufficient guarantees to cover the amount requested, the agreement, in some cases, is connected with one or more bank which, as we know, have the institutional role of guaranteeing up to 70% -80 % of the requested amount. Not bad! Question: my business is not represented by any ass. category or does it exist but I am not registered? What to do? It’s not a problem! As we will say later, some associations but, above all, some bank are free to provide and/or guarantee loans to VAT holders regardless of whether they belong to an association or not…
Loans for those who have registered VAT in 2020: we can substantially enclose all the funding destined for these in two large categories of workers: the self-employed and the freelancers. However, we consider that, always within the two aforementioned categories, we will include the forms of work organized in individual firms and/or SMEs as well as the liberal professions organized in associations and/or companies and in any case and regardless of the legal form, which we have a VAT number: true single common denominator.
Have access to loans for liquidity covering the short
Loans for self-employed with VAT number: there are many (self-employed) and, we repeat, the best strategy they can implement is to contact the association to which they belong. Among many, we want to indicate one, but not casually, but for a specific reason: we refer to the loans for craftsmen with VAT number of ArtigianCassa! Well, the aforementioned Cassa has the characteristic of providing loans to holders of VAT numbers NOT necessarily registered in the Register of Artisans. However, if you are not an artisan, you can only have access to loans for liquidity covering the short, medium and long term, not to other forms of financing such as leasing or the opening of credit in the current account which remain the prerogative of those enrolled in the Register of Artisans. The same applies to bank: now they guarantee any kind of self-employed worker regardless of union membership.
Credit for those who practice a profession:
We have already dealt with this topic on loans for freelancers to which we refer for any further information.
With regard to the freelance profession, we would like to say here that, finally, a rule or law no. 172/2017, has liberalized the possibility for any professional to turn to any bank even if it does not belong to an Order as, for example does not exist. Well, by 2020, those who practice a profession can directly contact e.g. the FidiProf.eu, the bank.net or bankProfessionisti.it etc. etc.
Minimum VAT number financing: a brief mention goes to those holders of VAT numbers in the minimum system. These have the problem of having such a volume of business, sometimes so modest, that it does not allow them to finance sums of a certain size. What to do if you are in the minimum system? Well, if not even the bank, based on the income presented, are unable to guarantee the requested sum, those interested in this problem can find a solution among the loans for self-employed with low income.