The financial partners almost always ask for a personal contribution because it ensures that your interests are aligned with theirs. Indeed, if you have invested part of your money, the risks are shared because you too have something to lose if the project fails.
Creating a box without money is therefore a challenge. However, stay optimistic. Several solutions exist.
First of all, several means can allow you to build up a contribution. We have identified 7 of them that we review in this article .
Another possible and less radical solution: solicit money from your family and friends (it's the famous "Love Money") or from strangers via a crowdfunding campaign.
You can also look for partners who can enter the capital of your company in order to strengthen its own funds and thus provide additional guarantees to the banks. Be careful, however, to choose your partner (s) in business and to be on the same wavelength, even (especially!) If it is a relative with whom you get on well.
If you want to take out a bank loan, also note that the contribution is not the only criterion that comes into play. The presence of additional guarantees, your loyalty to the bank, your history and your reliability (absence of overdraft, personal loan paid on time), and the commercial potential of the project for the bank (rental of bank terminal, insurance, account commissions, loan interest, etc.) will also weigh in the balance.
Do not forget either, before giving up, to send your request for financing to several banks. You will be able to put in competition the various banking establishments.
Finally, the last possibility to take into account: aid intended for business creators and buyers. Opening a business without money is in fact also possible thanks to honor loans from several networks
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