Depending on the needs of the business code phone number philippines entity, various forms of financing can be sought, including at the Employment Office, the EU Funds Information Centre or a bank.
Financing of employment centres
In the case of business start-ups, when a person is registered at the employment office as unemployed, he or she can apply for a one-off, non-refundable financial aid. The amount of funds available is a maximum of six times the average salary in the business sector.
To receive a grant, you must fill out an application correctly and submit it to the employment office in your district or province. The officials will then evaluate your planned business on the basis of this information. To increase your chances of being granted a start-up grant, it is advisable to include a well-prepared business plan in your application.
If the application is successful, the money can be used for the specific purpose described in the application. Most often, it is granted for the purchase of machinery, goods, advertising and for consultancy assistance related to the operation of the business. It should be noted that the business must be established after receiving the grant and signing the agreement with the authority, and must operate for at least one year.