The consequences depend on the security. An unsecured microcredit default damages credit standing and is pursued as an ordinary debt but does not touch property that was never pledged. A guaranteed loan is paid out to the bank by the guarantee fund, which then pursues the borrower for the amount it paid, so the guarantee protects the lender rather than the borrower. A loan secured on property risks that property. This is why capital structure is worth more attention at the outset than at any later point: the difference between these outcomes is decided before the money is drawn.
Q178 · Capital and Funding
What happens if I cannot repay a subsidised loan?
More in this category
-
What is a capital stack and why does the order matter?
Q131
-
What can I access with no trading history at all?
Q132
-
What is microcredit and how does it actually work?
Q133
-
How does the SME guarantee fund change what I can borrow?
Q134
-
What is Resto al Sud and who qualifies?
Q135
-
What is the difference between a grant, a loan and a guarantee?
Q136
Note on sources. This page is generated from the VentureItalica research registry. Figures and legal references reflect the corpus as verified at the last review and are indicative rather than advice. Instruments change; always confirm the current call text with the administering body before acting.
From employed to owner
You do not have to resign to begin
The most common route onto this platform starts with a job, a skill and an evening. Ownership is the destination, not the entry requirement.
Keep the income
The venture is built around the job rather than instead of it. Registration, the first customer and the funding application all happen while the salary continues.
Prove the demand
First revenue arrives alongside the salary. The question stops being whether people want it and becomes how much they pay and how often.
Shift the balance
Hours move across as the venture earns. Reducing to part-time employment is a supported route, not a failure of nerve.
The business carries you
The venture covers the household and begins repaying its capital. Employment becomes a choice rather than a necessity.
The journey
Where this sits in the sequence
Applications precede expenditure, guarantees precede loans, and the venture is chosen before the property. The order is what protects the money.
P0
Orientation
Establishing who you are, what you hold, and what is therefore within reach.
P1
Selection
Choosing the venture, the place and the legal form, in that order and on evidence.
P2
Formation
Bringing the enterprise into legal existence so that instruments become reachable.
P3
Capitalisation
Assembling the stack in the correct sequence so that each layer supports the next.
P4
Preparation
Building the operational capability the venture will need on its first trading day.
P5
First Revenue
The first paying customer, and the systems that make the second one repeatable.
P6
Consolidation
Reaching the point where trading covers costs and the second revenue leg is established.
P7
Expansion
Growing beyond the founder's own capacity, into export, employment or collective structures.
The six families
Every buildable venture, grouped by what it actually is
Families are not sectors. They group ventures by the shape of the work, the shape of the capital and the shape of the regulation.
40 ventures
Agrifood Production and Transformation
This family contains the ventures that begin with land, water or livestock and end with something a person eats or drinks. Its…
30 ventures
Hospitality, Accommodation and Food Service
Hospitality is how a territory converts its landscape and its story into revenue without exporting anything. It is also the family with…
40 ventures
Craft, Making and Light Manufacture
Craft ventures convert skill into value density: a kilogram of clay becomes a plate worth two hundred times the material. This family…
30 ventures
Experience, Guiding and Cultural Economy
The highest-margin family in the atlas and the cheapest to enter, because the inventory is what the founder already knows. A licensed…
30 ventures
Services, Care, Knowledge and Digital
This family contains the least romantic and most financially stable ventures in the atlas. Care contracts, compliance work, property management and remote…
25 ventures
Energy, Environment and Circular Economy
These ventures have the longest horizons and the most secure revenues in the atlas, because their income arrives under twenty-year tariffs and…
Work it out
Engines that answer this for your own position
Each runs entirely in your own browser. Nothing is submitted, nothing is committed, and nothing leaves the page until you choose to save it.
Engine
Eligibility Assessment
Establishes which instruments, ventures and territories are actually open to you before any commitment is made.
Engine
Capital Stack Builder
Assembles and sequences your funding layers so that no eligible money is forfeited to a procedural error.
Engine
Venture Finder
Filters the full atlas against your capital, skills, land position and time to first revenue.
Engine
Readiness Checklist
Generates the complete operational task set for your chosen venture, sequenced with dependencies.
Engine
Survival Assessment
Scores the combination of founder, venture and place across twelve variables and names the weak ones.
Engine
Cash Trough Model
Projects the month-by-month cash position and locates the trough before you reach it.
Method
How to read the figures on this page
Everything published here is generated from the research corpus rather than written into the page, so a correction reaches every page that depended on it.
Traceable to a source
Every figure resolves to a named document in the corpus of 47 research files, and every judgement is marked as a judgement rather than dressed as data.
Ranges, not projections
Venture economics are modelled ranges drawn from comparable operations. They describe what this kind of business tends to do, not what yours will do.
Confirm against the call
Ceilings, rates and deadlines change and vary by region. Always confirm against the current call text of the administering body before committing anything.
Not advice
This is decision-support material. It is not legal, tax or financial advice, and using it creates no relationship of professional advice.
Continue
Where to go next
Four minutes
Find what is open to you
Twelve questions, and the 89 instruments sort themselves into open, conditional and closed for your position.
Browse
The Atlas
All 195 ventures with their true entry capital, time to first revenue and regulatory load.
Free
Open a dossier
Five steps. Afterwards every page on the platform reads from your own position rather than the general case.
Help
A person answers
Anything here that is unclear, out of date or wrong is worth telling us about — corrections propagate to every page that depended on the figure.
support@ventureitalica.com Contact the team