Financing for Self-Employed and SMEs

Alternative Financing for Self-Employed - Complete Controller

If you have an idea for a business but no financing to carry it out, pay close attention to this article because you can find the solution to your financial problems without resorting to a traditional bank.

And if you already have a business and need or want to renew part or implement new ideas to meet unique market needs, think some formulas can help you beyond traditional financing. Be careful because this is a broad list of alternative funding that you should not miss: Download A Free Financial Toolkit

ICO Lines (Official Credit Institute)

The Official Credit Institute’s public financing lines, known as ICO lines, are types of loans for self-employed and SMEs, which you can access to obtain financing in a situation of difficulty accessing bank credit.

They can be processed in most financial institutions and have a maximum of $12.5 million per customer in one or more transactions. They vary every year and depend on the budget allocated to them.

The most relevant lines of loans for self-employed workers, entrepreneurs, and SMEs are:

  • Companies and Entrepreneurs
  • SGR SAECA guarantee
  • ICO Commercial Credit
  • IDAE Energy Efficiency Line
  • ICO Internationalization
  • Exporters

Reciprocal Guarantee Societies or SGR

The Reciprocal Guarantee Societies (SGR) are financial entities whose primary purpose is to facilitate access to credit for small and medium-sized enterprises and to improve, in general terms, their financing conditions through the provision of guarantees to banks, savings banks, and credit unions: savings and credit cooperatives, Public Administrations and customers and suppliers.

Therefore, through your intervention, you get the bank, savings bank, or credit union to grant you the financing you need at low rates and extended term-through agreements or lines of credit.

The receiver acquires the obligation to purchase one or more social shares of the SGR, thereby increasing the company’s own resources and, ultimately, its ability to assume new collateral operations. Cubicle to Cloud virtual business


Factoring is an exciting method to get credit with your own bills. It is a financial transaction through which you give the invoices generated with your sales to a company that is responsible for managing the collection.

The company will give you the amount of the same, subtracting a portion of the commission that will be your profit.

Business Angel

Be it a natural or legal person, the business angel is a private investor providing financing and experience to new entrepreneurs to make a profit when the business starts to prosper.

It is usually someone who, in addition to capital, brings knowledge and business experience. So, he typically invests part of his time in tutoring the beginnings of the brewing company.

Startup incubators

An incubator of companies or startups is an organization that aims to accelerate growth and promote the success of companies that start their journey.

And how do they do it? I am contributing resources of all kinds, and I speak not only of capital but of knowledge, space to develop the activity, and contacts. They tend to be private companies, universities, and governmental entities. ADP. Payroll – HR – Benefits


Crowdfunding is a way of collective funding. He came years ago to stay in our country and has evolved in different ways, such as the crowdlending we will now see.

The basic idea of ​​this modality is that you receive financial contributions from anonymous people to start up the business that you have in your head, and in return, they receive from you some reward: participation in some way in the project, exclusive gifts, and unique experiences. That mass acts as a patron.


The crowdlending goes one step further. It is a financing formula for self-employed and SME projects by many anonymous investors, as in the case of crowdfunding. Still, the difference is that in this modality, the investment is made in exchange for the return with interest on the capital invested.

The applicant, called a promoter, finds money more quickly and cheaply than the traditional one, and the investor invests with high profitability. At the same time, the economy develops, generating activity and promoting employment.


A third modality of this collective or mass financing is crowd equity. In this case, what is done is not to grant a loan as in the previous case, but what is contributed is capital in exchange for which the investors receive a share in the company or business. Complete Controller. America’s Bookkeeping Experts About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. LastPass – Family or Org Password Vault