The self-employed are always somewhat disadvantaged in the area of loans. The banks and savings banks are very reluctant to grant loans to them. And if you want to get hold of one of these, all the framework conditions must be right.
The company that the self-employed has to run very well and in the black, the borrower’s Credit Bureau must be positive and he must be able to provide sufficient security. This is not always easy for a company, as it usually takes out the loan to invest in its company. And you usually have to do this when things are not going so well. In spite of all this, in many cases a loan cannot be waived and those who do not easily get financial support from the banks and savings banks then look for other options for borrowing.
Switzerland as a donor?
Many seekers then look hopefully towards Switzerland because they know that the banks based there are quite generous with regard to a loan. And this hope is also appropriate. Because in Switzerland, people like to grant loans to foreign customers. Provided, of course, that these provide sufficient security that can be found off the beaten path. Because Credit Bureau cannot be queried from Switzerland, so the data stored there cannot be used for borrowing. But is there also a Swiss loan for the self-employed? Or are you not as lucky as a self-employed person in Switzerland?
A difficult task
A Swiss loan for the self-employed cannot be taken for granted. After all, foreign credits are only granted to people who have a fixed income from a permanent position. As a self-employed person you do not have exactly this fixed income. Especially not if you run your own company and are therefore always dependent on sales. A Swiss loan for the self-employed is therefore actually not possible.
There are exceptions
However, there are always exceptions to a fixed rule. This also applies to a Swiss loan for the self-employed. This can be included if the company that runs the self-employed is on firm feet and is therefore recognized as security by the banks. The Swiss loan for the self-employed could also be successful if one is willing and able to involve a co-applicant to borrow. In the best case, this has a fixed income and is not self-employed. Then the Swiss bank that is supposed to grant the loan has fulfilled all the requirements that it would really like to see.
This can be expected
No money is given away in Switzerland either. Therefore, only large and well-known companies will receive large amounts of credit. Anyone who asks for a loan as a self-employed person will usually have to settle for a small sum of up to 5,000 dollars. In many cases, you can’t make big leaps with it. But the money could be a good start, paving the way for further investments. Because if it is possible to use this money to put the company on a more secure footing, banks in Germany will again be interested in granting a loan.