What is a non-repayable loan
The non-repayable loan is a particular concession granted by public bodies in order to favor the birth and support the development of new entrepreneurial activities . In other words, this is a very advantageous type of personal loan, since it does not provide for the repayment of capital, nor the interest accrued on it. The capital loaned to the fund generally serves to cover the so-called start-up costs , that is the expenses for the machinery, the rent of the premises, the training of the personnel, the connection of general services etc. The costs for the purchase of products to be sold in the context of their business are not contemplated. Let’s see in detail how to obtain a non-repayable loan.
To whom it is addressed and how it is obtained
Non-repayable loans generally target particular categories: young people (18-35 years), unemployed people and women. Naturally, each call for tenders issued will specify internally what are the necessary requirements to apply for the loan. It must be said that the latter can be a non-repayable loan for 100% of the disbursed capital or can be partially non-repayable, in this case, that is, the repayment of part of the sum paid by the public body is envisaged. To be competitive and to have a good chance of winning the loan it is necessary to present a catchy and detailed business plan . In essence, it is a matter of making your business idea credible and deserving, in order to gain the trust of the jury. To draw up a good business plan it is advisable to consult an accountant or a financial consultancy firm.
Where to request information
To find out if there are non-repayable loans in your area of residence and if you meet the necessary requirements to participate in the call for applications, you should contact INVITALIA (National Agency for the attraction of investments and business development) or the chamber of nearest trade.