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Hints with EU and Socia grants for Hostel Business

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Levi de Souza started this discussion 7 years 1 month ago

Hello guys!

I already have a hostel in Poland and i am planning in opening a second branch of my business.

I always heard, from enterpreneurs from other areas about the possibility of taking EU grants or loans with very low interest rates to open and expand small business.

They say that EU is specially fond of giving loans to small business in the poorest members (what would include, unfortunately, Poland :) ).

Does anyone here have any experience or hint from where i should start if i want to seek for one of the EU Loans / Grants?

Advices about other kinds of social loans (loans with very small interest rates for small enterpreneurs) are welcome!.

Levi

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Rucksack Brian

7 years

Hi Levi,

We looked into applying for EU grants at one point, but didn’t go through with the project in the end.

There were a few consulting companies that we found locally to help us submit the paperwork. That seemed to be the easiest and most likely method of actually getting the money. They could tell us which funds would most likely be available for our project and had a proven record of actually getting projects approved. They also knew which funds were no longer available, even though project proposals were still being accepted. If you decide to work with a company like that, make sure that your contract includes how much their fees will be if your project is approved and if it is not. It could end up costing you a lot of money in consulting fees, even if you don’t receive any money from the EU.

This thread has some links for finding EU grants on your own:
European Fundings

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