LOAN FOR BUSINESS IN PORTUGAL

LOAN FOR BUSINESS IN PORTUGAL

Lines of credit can be an excellent launching pad for a young business.

The EU government is well aware of the importance of small and medium-sized businesses in the member countries of the union. To stimulate the entrepreneurial activity of the population, various instruments of financial and information support are being developed, both at the EU level and at the level of the EU countries.

Portugal also participates in similar programs, receiving funding to support small and medium-sized businesses.

One example of such public financing: in Portugal, a program for financing small and medium-sized enterprises (SMEs) was launched by the Ministry of Economy in February 2017 in banks that signed protocols under this program. List banks extensive.

But to get a loan, you should prepare a package of documents and take into account important nuances:

• A loan is issued only for certain purposes: business development, starting a new business, purchasing equipment, paying off tax payments, replenishing working capital, etc. You will not be able to use the money in any other way.
• Business plan. You will need a detailed business plan tailored to your case, with financial disclosures for the use of this loan and increasing profits to realize its repayment.

Government support in Portugal applies until 2030 and aims to help start-ups and existing entrepreneurs as part of stimulating growth and job creation.

Our services are priced from 200 euros per consultation and subsequent support.