How to get a loan for my first business? | Business Loans

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Are you thinking of creating your own business? Congratulations! We know that it is not easy to make this decision, but it definitely brings you many advantages. Especially because it will be a unique personal and professional experience.

Do not forget that when you start your first business it will demand a lot of your time in the first months and during the following months you will have to work twice what you worked when you were employed. But that is the challenge! You will work for what you are passionate about getting up every day to create a better future.

Who doesn’t want to be their own boss?

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It is everyone’s dream, for that reason, we want you to choose a business based on your passions, hobbies and talents. You must find something that you really love and can turn it into your business, when you already know what you want to do, then you will be ready to go after your dreams.

On this occasion, we want to guide you so you know how you can get a loan to start your business. Giving you some tips so you can get and fulfill your dreams. So keep reading.

Tips to get a loan

Tips to get a loan

Surely you left your previous job for several factors, it may be the most hours you worked, depending on a salary, or it just wasn’t the job you were passionate about.

Analyze the money you need

It is important that you make a list of all the expenses you will get and also consider how you will make the monthly payments.

Type of financing

When you know the amount you need, go to the trusted financial institution so they can provide you with the necessary advice, this in order to provide you with a credit that suits what you need, considering the interest rate that will be providing

Create your business plan

Create your business plan

It is important that you explain what your business will be and what it is about. Analyzing the costs, benefits and the exact amount you need to start your project.

Request a credit

If you have developed an excellent business plan, do not worry. They will definitely be able to help you in the financing you need, but it is important that you already have part of the capital that you need, so that you can have a backup so that there is no problem.

We are very happy that you want to start this new dream, we know that the first steps are not easy but with effort and dedication we know that you can achieve everything you set your mind to. Being a passionate entrepreneur is something that defines all Guatemalans. You are looking for a better future for you and your family.

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