If you are planning to internationalise your company, it is worth keeping an eye on the website where the grants are announced, including the Eurobeca and Market Research competitions. The code phone number philippines aims of the grants listed below are to finance the costs of introducing products or services into new markets and promoting product brands abroad. The funds awarded can be used for consultancy services related to the preparation of an expansion strategy, participation in trade fairs or promotional activities.
In addition to the non-repayable grants mentioned above, EU funds offer loans, credits, leasing or guarantees. The requirements for obtaining these funds are lower than for ordinary bank loans. They can be used for the creation and development of a company, research work or the purchase of means of transport. You will find information on financing on the pages of the National Contact Point for Financial Instruments of European Union Programmes.
An alternative to non-repayable grants is a cash loan from a bank, which can be used for various business-related purposes. This solution allows the company to grow quickly without the need to raise funds in advance. However, the borrowed money must be repaid with interest, so it is important to reliably prepare a business strategy in order to be able to repay the loan without problems.
Before deciding to obtain financing from a bank, it is important to check and compare the conditions of all the offers present on the market. It is necessary to distinguish between investment loans, working capital loans (intended for the company's current liabilities), short-term loans and loans for designated investments, i.e. for a purpose specified by the lender - generally based on more favourable conditions.