Credit despite self-employment

Without a three-year history, you can forget it, to put it bluntly. And it also has to look positive. Own experience. Most likely the house bank will do it, and equity is extremely important; with me, they wanted to lend a maximum of 80%, preferably only 60%.

I am self-employed and received a 500k loan without being asked. Why? Because obviously the numbers on paper match the real numbers. If you invest 80k and then only have a profit of 20k... you have simply earned 20k (before tax!). Period! Whether you invest the money... nobody cares. You should definitely acquire basic knowledge in business administration. No tax office can help you with that either. Your approach is completely wrong... I wouldn’t give you a loan either :)

EMS studios are not yet known as reliable long-term performers, the risk is correspondingly high, and banks simply back out. If there is no bank, there is also nothing reputable and affordable that is realistically feasible. The only help is to prove to the bank that it is achievable. Start-ups regularly have a harder time than others, especially in such a new industry.

Of course, someone from the East wants to accuse me of lacking basic knowledge in business administration, all right. ;) I was born in the East myself, I know how things work. That’s the reason why nothing grows in the East, because everyone only lays the foundation and then doesn’t continue. But thanks " ", that was a good answer that supports my suspicion. Then I have to start from the other side and include investments to push both sides forward, that growth and the private desire.

PS: " ", it wasn’t meant badly. I just want to convey to you that I studied business administration and did so successfully. I can do "assets/liabilities". But the calculation should be such that what you have (assets) should increase compared to (liabilities). That’s why the hint about the East. There, assets grow a little above liabilities and stay there. It’s more successful if liabilities are repeatedly invested into assets, so that assets later easily exceed private liabilities. My question was not a basis of business administration, but whether there are other possibilities in the form of bonds, which, however, was unanimously commented here as not existing. Thanks for the answers and with that I close the post.

Thank you very much, yes, there is hardly any chance. But as I said, I have to find another way and I will. I already suspected that it works that way. The KFW only provides support to a limited extent.

To make a joke you need a certain basic level. ;-)

I’m going to ignore the east bashing now. Please explain to me what exactly your problem is? I neither studied nor have a high school diploma. You make 100k in sales.. invest 80k and only have 20k profit. Then you simply earn too little for financing. Period! Whether you invest money or not is your problem. I have also once invested 100k in my company.. but from reserves or when I had "enough" left over and still had a few hundred k remaining. So am I doing everything wrong? I don’t understand...