The way of self-employment fascinates a large part of the young people who face the world of work for the first time. The desire to test oneself, an aspiration to do something personal that reflects the individual, the possibility, in the event of luck, of an above-average income. These aspirations often clash with start-up costs. A loan of honor for self-employed workers can support the new entrepreneur in this difficult phase. In fact, if some self-employed workers mainly use their own knowledge derived from training for their own activities, others need operating equipment (machinery, computers, etc.) of considerable cost to operate.
Who can apply for a loan of honor for self-employed
This form of financing will be available to all adults who are not employed on the date the application was formulated and have been resident in Italy for at least six months if they are the owners of a sole proprietorship. There are no restrictions regarding the reference sector. Whether you are opening a company that produces goods, services or trade (in the latter case if it is a franchise it is possible to have an honor loan for a franchise) you can apply for a maximum loan equal at around € 26,000.
Use of the loan of honor for self-employed persons
The loan is aimed at the purchase of the goods involved in the production process or supply of the service, therefore equipment, machinery and systems, not the connections to the users. Costs for intangible assets with multi-year use, such as licenses and patents, entry fees in affiliation systems, etc. can be financed. A reduced quota (10%) can be used for the renovation of buildings, whether they are offices, shops or warehouses.
Composition of the loan of honor for the self-employed
The loan obtained consists of a non-repayable part equal to 50% of the total. The remaining part is disbursed through a subsidized loan. For non-investment expenses there is a further disbursement of a maximum amount of 5165 euros for the coverage of management costs for the first year of activity.