Technical tutorial: Loan financing for startups. What assessment criteria does the bank use?
Banks typically grant debt capital (loans/credits) against collateral and depending on the likelihood of repayment. In doing so, they also consider the company's sales situation.
In this tutorial, Nikola Nikolic from Stadtsparkasse München provides insights and tips on evaluation criteria for startups:
- Will I even be able to get a loan for my startup?
- How does the bank assess my company? What criteria are used?
- What does the house bank principle mean for subsidized loans?
- Loan amount, interest, repayment, liability, guarantee – what scope for negotiation is there?
- What role does the corporate account manager play and what are his interests?
- What reporting is expected?
