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When is a business called existing, new and under formation?

Very often we find in the guides of financial programs, such as the NSRA, terms that separate businesses into individual categories. A business changes "title" depending on how long it has been in operation. 

Specifically, we distinguish 3 categories of businesses:

  1. Existing: These are the businesses that have more than 2 integrated management uses.
  2. News: This title is given to companies that have completed up to 2 complete management years.
  3. Under recommendation: This name refers to companies that do not exist at the given time and are about to be established.

It is worth pointing out that the category to which a company belongs is an essential criterion for inclusion in the financial programs. 

Whatever stage of life a business is in (existing, new and under formation), it can apply for and receive financing. It is enough to check in the guide of each program to which of the business categories it is addressed. 

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When is a business called existing, new and under formation?

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