Discover the different financing solutions for craftspeople working in the construction industry, whether it is for a creation or resumption of activity but also to support or invest in the business.
Craftsman in construction: the use of professional credit
The use of professional credit is relatively common in the context of a craft activity in the construction industry. This financing can also be used for the creation or the resumption of an activity, the interest being to finance the amount of the repurchase of the company or then all the expenses necessary to create its activity. This financing can also intervene for artisans in the construction industry wishing to buy equipment, whether in the form of raw materials or machine tools, professional vehicles Note that it is also possible to finance a need for cash to make faced with a seasonality or a large unforeseen expense.
It is also important to know that there are two types of loans that an artisan can request from banks, either he can orient himself on a consumer credit for the financing of a creation, recovery or support. of activity. Or he can turn to real estate credit in the context of the purchase of building land, premises or real estate to carry out his professional activity. The banks generally orient the craftsman towards the right financing according to his needs.
The surety and the guarantee for the craftsmen
The banks are carrying out an in-depth study of credit requests from artisans and the latter will, for the most part, require some guarantees on the good repayment of the debt. It is necessary to have at least two assessments to present for an activity already in place, the business plan will be a mandatory document in the context of a creation or resumption of craft activity. Beyond these elements, the bank will sometimes require a personal guarantee, such as for example a personal contribution added to the financing. We also speak of surety, it can be personal, that is to say on the personal property of the craftsman himself or professional, in the context of the use of a surety company.
The feasibility of professional credit will mainly depend on the situation of the craftsman, his activity and the need expressed in the context of financing. An activity in place requiring funds for an investment or a purchase of machines will be easier to obtain financing. The steps for a creation or a recovery will take a little more time to be studied. So it’s a case by case to be carried out and so turn to an agency specializing in loan financing for artisans.