What is a non-refundable loan?
A non- repayable loan is an excellent opportunity to try to create your own business. Non-refundable loans are contributions made to companies that are entitled to special protection. In this way, the company is enriched without it having to return partial or total the amount lent. That is, these loans are subsidies granted by the Government to balance certain social inequalities between areas of the country.
A non-refundable loan is normally reserved for companies that are located geographically in the most disadvantaged areas , in areas in crisis or to stimulate employment in a specific place. In Spain, regions such as Extremadura or Cantabria have been benefited with this type of loans. Also in the municipality of Lorca (Murcia) after the earthquake that devastated that locality. They are loans, by logic, difficult to obtain. The requirements to achieve them are very specific and based on the above.
But who regulates the characteristics that the beneficiary of this type of financial products must fulfill? They are public agencies , likewise, those that regulate these requirements to access this loan, which makes them so difficult to obtain. On the other hand, clarify that these loans are not based only on contributions in cash, but also of goods or services.
Types of non-repayable loans
There are two types of non-refundable loans . On the one hand, loans to capital , which finance investments, and, on the other hand, loans to the operation , which are those that finance the current expenditure of a company.
In this last group, among some of the most common are the subsidies for lost funds (they are granted as aid without the obligation to return the amount), the interest rate subsidy of a loan granted by financial institutions (subsidized a part of the interest), the direct granting of low interest loans (mainly for entrepreneurs with projects in hand).
We also have another type of aid in this group in the form of these non-refundable loans. On the one hand, the temporary participation in the capital of the company by the lender (the Administration is a shareholder for a few years and subsequently the capital it contributed is returned). Finally, there are the bonuses in the Social Security fees and the exemptions in taxes and taxes .
In addition, some of these aids include training, specialized advice, help in the selection of personnel, benefits such as business exchange services.
Non-repayable loans: the hardest to get
This type of financing is, without a doubt, the most attractive among the possibilities of financing offered by the public administrations of the country. However, as we said, they are extremely difficult to access . Therefore, if you are not a company or do not meet basic requirements as a company, you will be unable to access this type of financing. The doors are closed for the vast majority when trying to get a loan back.
If you need fast, easy access money, you have to look for other ways of financing . There are immediate online loans that are very easy to obtain, without long bureaucratic processes or long lines. Only with a device that has Internet access and filling out a simple form, you can access money instantly thanks to these quick credits without endorsement . You will receive a sufficient amount to cover any unforeseen expenses that did not fit into your plans and that have run out of your home or business economy.
Personal loans, an alternative
Given the difficulty of getting a loan with no funds, one of the best alternatives is offered by New Lender in the form of urgent loans . They are extremely easy to get loans, you just have to meet some basic requirements: be of legal age at the time of signing the contract, have a bank account in your name and have a minimum income on a stable basis.
Only with that and after filling out a simple form, you will be able to access a sufficient amount for any unforeseen event that may have arisen. Up to 800 euros with which you can count in record time: 15 minutes . Without endorsements and without payroll you can also access these loans. Get the liquidity you need quickly and from the comfort of your home and at any time: we are available 24 hours a day.
With New Lender , you are the one who sets the conditions at your whim based on your needs. It is you who chooses your credit and when to return it. If you need more information, we are at your disposal at any time to offer you all the advice you need.