Freelance loans

Are you an entrepreneur and looking for financing to start your business? Loans for freelancers allow you to have the money for your new project without the need to receive a monthly payroll .

Pay attention and find out everything you need to know to request your loan instantly.

Loan offers for freelancers online

Obtaining an advance is not so easy when you do not have a fixed income secured by a payroll. Fortunately, some financial institutions grant quick loans for freelancers and here we show you the best offers:

Last update: 9 November 2020
Ranking created based on the most frequently granted loans
7 - 30 days
term
$ 50 - $ 300
maximum first loan
Yes
free first loan
" APPLY FOR "
1 - 34 days
term
$ 1,500 - $ 50,000
maximum first loan
No
free first loan
" APPLY FOR "
1 - 48 months
term
$ 50 - $ 7,500
maximum first loan
No
free first loan
" APPLY FOR "
61 - 120 days
term
$ 50 - $ 300
maximum first loan
Yes
free first loan
" APPLY FOR "
91 - 120 days
term
$ 100 - $ 1,000
maximum first loan
Yes
? Varies by lender
free first loan
" APPLY FOR "
1 - 60 months
? Even from 7 days
term
$ 50 - $ 9,000
maximum first loan
No
free first loan
" APPLY FOR "
5 - 30 days
term
$ 50 - $ 1,000
maximum first loan
Yes
free first loan
" APPLY FOR "
61 - 120 days
term
$ 100 - $ 400
maximum first loan
No
free first loan
" APPLY FOR "
1 - 48 months
term
$ 50 - $ 5,000
maximum first loan
Yes
free first loan
" APPLY FOR "
5 - 30 days
term
$ 100 - $ 1,000
maximum first loan
Yes
free first loan
" APPLY FOR "

What are loans for freelancers?

Basically, a freelancer is a type of worker who operates on his own account , so he does not have an employment contract with a company or is part of a payroll. This condition makes it more difficult to process a loan with financial institutions, especially if you do not have a minimum and / or stable income.

However, there are some entities that grant loans to entrepreneurs so that they can take off their business, almost always with the requirement of a guarantee .

In this context, a self-employed loan is a specific financing method for those who are self-employed , and it can help to cope with difficult economic situations or lay the foundation for a new venture.

When to request a freelance advance?

If you are self-employed and you already have your business, you can request a loan to:

  • Cover unexpected expenses.
  • Pay suppliers or buy equipment necessary for the operation of the company.
  • Pay periodic taxes in the absence of cash.
  • Improve your establishment or business premises.
  • Pay payroll and social security in periods of economic difficulty.

On the other hand, if you are starting your business, a loan for new freelancers can help you:

  • Cover the cost of consultancies, procedures and other procedures related to starting the business.
  • Pay the rent of the establishment where the activities of the company will be carried out.
  • Carry out a reform of the premises to adjust it to your needs.
  • Pay social security for hired workers.

In short, it does not matter if you already have your business or if you are starting, you can request an advance to satisfy any need related to your venture.

If you want to know other ways to boost your new business, you can also look at these 6 ways to finance a project .

Types of loans for freelancers

When it comes to boosting your business, you can choose from a variety of loans for freelancers that adapt to different needs. At Taichi Arts we tell you what options you have and we help you find the ideal type of financing for you.

1. Online microcredits

Online microcredits are one of the easiest and fastest financing methods to obtain for those who are self-employed.

These are small loans that some online lenders make and do not require as much paperwork as traditional bank loans . The requirements that are demanded are very simple, since you do not need a payroll, but rather a proof of monthly income is enough to be able to process the loan.

The truth is that this type of credit is an excellent opportunity for those looking to boost their business, especially because they are obtained immediately and without bureaucracy.

In short, if you are thinking of requesting a microloan for your business, you will find a long list of entities that offer this financial product. Some of them are Solcredito and MoneyMan , two highly recommended companies, with which you can process your loan online immediately.

2. Credit lines for freelancers

Credit lines are one of the financial products most requested by freelancers and individuals looking for long-term financing, as they function as a kind of virtual account, from which you can withdraw money whenever you want and return it whenever you want.

Advantages of loans for freelancers

It is a fairly flexible loan, which also has much lower interest rates compared to credit cards . This makes it quite attractive for freelancers who need a financial cushion, either to keep the treasury up to date or to pay suppliers or subcontractors.

If you are interested in this type of financing, there are different companies that will allow you to request a line of credit online and instantly. An example are the companies MyKredit and Creditea , two excellent offers that are worth taking into account.

3. Installment loans

Installment loans are another of the alternatives that you have at your disposal when financing your entrepreneurship project.

This financial tool allows you to choose the amount you need and return it in comfortable monthly installments , according to your financial capacity. Repayment terms can vary depending on the lender, but the most common are 12, 24 or 36 months.

You can do the application process entirely online, and the best part is that it only takes a few minutes. However, the interests are usually higher than those of other types of financing , so you should pay attention to this aspect before requesting your loan.

Either way, you can simulate your loan on the website of each financial institution to find out the interest that you will have to pay, depending on the amount and the repayment term that you have chosen.

What is the maximum amount that a freelancer can ask for?

The maximum amount that you can request as a freelancer will depend on each entity and the risk of the project , based on your characteristics as an entrepreneur.

When requesting an advance, you will have to provide certain information required by banks and financial entities to set the price of the credit. We recommend that you compare the different offers and analyze them carefully, to make sure you find the ideal financing method for you.

What are the conditions to apply for a personal loan for freelancers?

Each financial institution establishes its own requirements for granting an advance for the self-employed but, in general, the following is requested :

  • Your valid DNI or NIE.
  • A photocopy where you show that you are registered as a self-employed person and where the seniority of the company is demonstrated.
  • The business plan and investment budget.
  • The tax return for the last 3 years and the receipt of the last payment to Social Security.
  • A proof of regular and stable income.
  • The details of your financial operations, in case you have any in progress.

It should be noted that each entity can request personal guarantees or additional guarantees to process your request.

Are there advances for freelancers with Credit Checker?

Being part of a delinquency file makes asking for a loan more difficult. However, requesting a credit for freelancers while in Credit Checker is possible, as some companies do not consider it an excluding factor. Two examples are the companies Fidinda and Solcredito , which you can find in our ranking of the best offers.

Clearly, these entities take the time to carefully study each individual case, to ensure that the applicant has the ability to repay the loan.

Loans for self-employed without endorsement, is it possible?

In the absence of stable income, banks and lenders often require an endorsement as a condition of being able to grant a loan to a self-employed person. This serves as a guarantee and gives them the assurance that the money will be returned.

However, there are certain entities that offer microcredits for the self-employed and that allow them to obtain financing without so many requirements and, above all, they are loans without endorsement .

It should be noted that, in general, the lower the amount to be requested, the fewer requirements that must be met and the faster the money is received in the bank account.

What are the steps to follow to request an advance for freelancers online?

steps to request a loan for freelancers

The process of requesting an advance for freelancers is usually very similar in most lenders. As you will see, you only have to follow a few steps and you can get your money instantly:

  1. Enter the website of the credit institution of your choice.
  2. Once inside the platform, you can simulate your loan online, selecting the amount you need and the repayment period that suits you best.
  3. Next, fill in the registration form with your personal and financial information.
  4. A private lender will contact you to confirm your details and then you will receive the response to your request.
  5. If your request is approved, you can have the money in your bank account in a matter of minutes and start using it whenever you want.
Who can receive a loan for freelancers?

All those people who are self-employed and who meet the requirements and conditions stipulated.

Can I request a freelance loan while in Credit Checker?

Some entities grant credits for freelancers registered in Credit Checker, but they will need to verify your ability to repay the loan before granting it.

Do I need a special guarantee for being self-employed?

The guarantees requested by credit institutions vary depending on the risk of each applicant. These are usually personal guarantees but may include additional guarantees.

Are there loans for self-employed without endorsement?

Yes, some companies offer microcredits without endorsement for self-employed workers.

Do I have to have a minimum billing to get an advance?

It depends on each financial institution, but it is always important that you generate sufficient benefits to be able to pay the loan without inconvenience.

en