Credit for self-employed with BWA – loan can be approved for self-employed persons

BWA (business evaluation) is often indispensable when it comes to credit for the self-employed. Through them, the credit institution assesses the applicant’s creditworthiness in accordance with Section 18 KWG. For the loan officer, the BWA reflects the current state of the company much more realistically than the annual balance sheet.

Credit for self-employed people with BWA backgrounds

Credit for self-employed people with BWA backgrounds

The developed the BWA idea in the 1960s. The entrepreneur gains a current overview of the status of the company through this data. Since then, the BWA has provided the information according to which the entrepreneurs make their decisions. In addition, this evaluation enables every outsider to realistically record the business situation. The financial status will also be comparable across the industry.

The BWA plays a key role in granting credit. It provides the data that the clerk uses to determine the creditworthiness according to § 18 KWG checks. If the result of the test is clearly positive, then the loan can be approved for self-employed persons with a BWA. If there are doubts, further analysis or security is required.

German credit institutions are also legally obliged to have the economic situation disclosed again during the term of the loan. Compliance with this regulation is checked by the Bafin (Federal Financial Supervisory Authority).

Loan with BWA versus loan with income tax return

Loan with BWA versus loan with income tax return

Not every lender necessarily relies on the BWA as the basis for evaluating his credit decision. With small loan amounts and the offers of the credit intermediaries, often only the income tax return is required. In these cases, the keywords “simplified credit procedure” and “instant credit for self-employed” are often used.

That’s how many loan offers you get


The evaluation of a BWA is relatively time-consuming for the clerk. In addition, he must have an advanced business background. This effort is hardly worthwhile for small loan amounts. The credit institution can also comply with the legal requirement by examining the income tax return.

For foreign banks with which credit intermediaries work more closely, the legal benchmark for credit checks is often much lower. German credit institutions are examining more closely, the credit for self-employed persons with BWA is the rule. In return, the loan costs are more moderate compared to international loans.

Personal loans to finance self-employment

Personal loans to finance self-employment

The availability of a bank loan has deteriorated as a result of the USD crisis. Large companies can refinance themselves via the stock market. Small and medium-sized companies do not have this option. If the banks withdraw from the financing of the companies, the only alternative is to take the alternative to personal loans.

The personal loan comes from the Internet today. The market leaders in the industry are two portals with approximately the same performance. The portals offer is a combination of investment capital and investment opportunities. Many retail investors are trying to avoid devaluing their savings in this way. You invest it yourself within a bidding process and earn on the interest. The loan for the self-employed with BWA can be realized from private at fair interest.

Know the 7 characteristics of the loan with vehicle guarantee

Who has never needed to reinforce the budget? Know that there are very interesting options on the market to monetize your projects.

In this context, we have gathered some characteristics of the vehicle secured loan in order to provide subsidies that will guide you in making the most appropriate decision.

Whether to make that trip of your dreams or pay off your debts, it is important to be attentive and identify if this is the most suitable modality for your profile.

Therefore, in today’s text, we will highlight the 7 characteristics of this loan alternative that is increasingly gaining consumer preference.

Are you interested in the subject? So, be sure to check the text until the end.

Transparency and agility in information


The fear of future losses is often one of the obstacles when taking out a loan. These events are bad for both the contractor and the contracted company. So don’t be afraid and ask for detailed information about deadlines, costs and any unforeseen events.

This information is essential in the decision-making process as to which company will be chosen to conclude the business. The adoption of these criteria can be a watershed between the success and failure of your initiative.

In addition, check if the financial institution has service channels that are compatible with your needs. This will facilitate communication and demonstrate that the institution is concerned with delivering an excellent service to its customers.

Affordable interest rates


One of the main requirements that must be observed before opting for a loan is to compare the cost of this operation. Institutions often offer easy credit, but with high-interest rates. In this context, you must be very careful before closing a deal. It’s no use hiring a loan that doesn’t fit your budget, is it?

As the type of loan with a vehicle guarantee consists of presenting your car or motorcycle as a commitment to pay the installments, the financial companies have offered interesting interest rates. Typically, such rates are around 1.5% per month. That is, well below the 15% per month of overdraft.

So don’t be in a hurry! Compare as many possibilities as possible and don’t get carried away by extremely easy credit offers. Keep in mind that a process, even if it takes a little longer, can guarantee an excellent deal.

Plots appropriate to your financial possibilities


The vehicle secured loan modality offers payment terms that meet the contractor’s financial possibilities. This is possible, as such institutions make a careful analysis of the profile of that consumer, which makes the transaction very secure.

In addition, there is the possibility of establishing a long term for the payment of the amounts, which can reach up to 180 months.

This allows, for example, that an entrepreneur, who has applied for a business loan to defray his working capital, can gain enough time to resume the growth of his business again.

Online processing


It is estimated that 54% of Brazilians have access to the internet. In this context, the so-called new digital age is also impacting the behavior of the financial market.

Both companies and consumers are looking for smart solutions that guarantee efficiency in business transactions.