Many people are thinking about starting their own business, but cannot start it because they do not have enough funds for it. The option of a loan from relatives, friends and acquaintances is not always feasible. But there is a way out of this situation - a bank loan.
Conditions for starting your own business
Many banks offer services such as small business loans. Taking a loan from a bank, you can open a shop, cafe, hairdresser, beauty salon, fitness club, etc. There are many options, which one to choose depends on the client's wishes. First of all, it is necessary to take the course "Fundamentals of Business" and obtain the preliminary consent of the bank for cooperation, then develop a business plan that will be approved by the bank; the required loan amount will be allocated on its basis.
In order to get a loan for small business development, you must register with the tax authorities as a Limited Liability Company or an individual entrepreneur. After that, you need to collect a package of necessary documents and submit it for consideration and approval to the bank, a complete list can be found on its website on the Internet.
The amount of a small business loan can be up to 3 million rubles, its validity period is up to 3.5 years, and annual - from 17.5%. After completing the loan agreement, the bank can issue up to 80% of the project financing. It is possible to obtain a loan without additional collateral. The bank will also provide any advice on business matters free of charge.
Requirements for Borrowers
When issuing a loan for opening a small business, the bank puts forward a number of requirements that must be met by the borrower. The main one is the absence of activity in any business within the last 90 calendar days. His possible age must be at least 20 and not older than 60 years. A loan can be provided in rubles, the minimum loan is 100,000, and the maximum is 3,000,000 rubles. The borrower must deposit at least 20% of the total amount of the business project to the account.
Duration of crediting is from 6 to 42 months, depending on this, interest payments are accrued - from 17.5% to 18.5%. A delay in repayment of the principal debt for 6 months is possible. You also need a guarantee of the guarantor - an individual. If all these conditions are met, obtaining such a loan will not be difficult, so everyone has a real opportunity to make their dreams come true and receive the desired dividends from a successful business.
