Advantageous loans for small businesses. Business loan
Today, entrepreneurs are given a great opportunity to take out a loan to develop a small business without having their own property or any other collateral. In private cases, funds for assistance to entrepreneurship can declare themselves as guarantors. In order not to waste hours searching for financial institutions that can provide loans without guarantors for small businesses, you can use the services of our website, which presents financial institutions that are guaranteed to provide preferential loans small businesses. Our website presents banking services that are offered by financial institutions in Moscow and other cities. The list of our offers allows you to see:
- what amount can be loaned;
- interest rate;
- documents required to obtain a loan;
- the age at which borrowers can receive a loan;
- time for consideration by the financial institution of the application.
What do we mean by favorable lending conditions?
Thanks to our portal, entrepreneurs can count on little support from the bank. They may be offered special conditions. Namely:- unsecured loan “Trust”;
- programs that do not require guarantors;
- the possibility of extending the period for repayment of the principal debt;
- the opportunity not to pay the entrance fee;
- the possibility of obtaining a loan under the terms of floating interest rates.
What are the criteria for issuing quick subsidies for business expansion?
Before applying for a profitable loan, the borrower will need to select a bank, indicate the loan amount, indicate the period for using the loan money and the conditions for receiving the money (secured, without collateral, leasing, without a guarantor).What is a loan calculator and why is it needed?
On our website, borrowers are given the opportunity to calculate the available monthly payment amount, specifying which credit schedule the loan will be repaid according to. The loan is calculated on the “Loan Calculator” page according to its desired size. For this purpose, the borrower will need to indicate the loan amount, interest rate, loan term, type of payment (annuity, differentiated), one-time commission and month of start of payments. Thanks to the calculator, the borrower will be able to figure out what loan price he can afford.How to get a loan online?
An application for the issuance of money for an enterprise can be submitted to a financial institution through our website. There is a blue button next to each bank. By clicking on it, the entrepreneur will find out what advantageous offers are available when receiving a loan for the development of a small business. After submitting the online application, a credit consultant will call the applicant within 2 hours and give detailed advice on obtaining a loan. He will also explain the conditions for obtaining profitable loans. Are you interested in a preferential program with government support? Are you considering getting a cash loan? Our site is happy to help solve your financial difficulties.Business loan: overview of current offers:
The line of credit products includes standard and unique offers.
A loan for contract performance is a product developed for companies that have won state or municipal tenders. Borrowed funds have a specific purpose and are issued by the bank to fulfill contractual obligations by the company executing the order. This is an additional product to the bank guarantee, but it can also be issued in cases where it is not provided. Features and conditions:
- credit limit - up to 50% of the contract amount (up to 20 million rubles);
- rate - 19.5–22% per annum;
- pledge - the right to claim proceeds from a financed project.
With the financial support of our bank, projects on the construction and restoration of roads, renovation of apartment buildings, landscaping, and supply of equipment to medical institutions have already been successfully implemented.
Loans for business development are issued to legal entities on individual terms. Amount - from 300 thousand rubles. The possibility of partial or full repayment is provided, which allows you to create a debt repayment schedule taking into account the seasonality of the business. Movable and immovable property, guarantees of owners, bills of exchange are accepted as security. A one-time issue, a line of credit with issuance or debt limits are possible. Purpose of the loan:
- replenishment of working capital;
- reconstruction;
- acquisition of fixed assets.
Overdraft based on turnover
If there is insufficient or no funds in the current account, you can take out a business loan - an overdraft for turnover. Credit limit - up to 50 million rubles. The exact amount is determined after analyzing the average monthly turnover. The limit can be set to 50% of the received value. Product advantages:
- the ability to quickly use funds to replenish cash gaps, that is, pay wages to employees on time, pay contractors, pay contributions and taxes;
- Taking out a loan for business development is more profitable than withdrawing funds from circulation. With borrowed money you can expand production, purchase new equipment, and introduce modern technologies.
Overdraft compliment
We are making a profitable offer to representatives of the small economic segment and offer to take advantage of a business development loan with the issuance of money when opening a current account. Start-up companies use these funds to cover cash gaps. Detailed loan terms are described on our website.
The loan is cheap: in addition to interest, the client only pays a one-time processing fee of 990 rubles.
How to get a loan to develop and open a business?
Our bank is interested in cooperation with reliable borrowers, so we impose certain requirements on organizations. Experience of successful work, a competent business plan, sustainable, promising economic activity are positive aspects when considering an application for a loan for developing or starting a business.
We need to analyze how your business profile and business practices correspond to our credit policy. To start interacting, please make an appointment with the bank manager. You can do this on the website by filling out the form.
At the meeting, the terms of the loan are discussed, then the package of submitted documents is studied. For a number of products, the decision is made within one business day, in some cases the review takes three days.
We are ready to help you choose the most suitable specific product for your business; we are interested in long-term and mutually beneficial cooperation.
How to get a loan to start a small business from scratch? Where can I get a soft loan to open a small business? What are the conditions for a loan to open a small business?
The most common question that new entrepreneurs ask themselves is: where to get start-up capital to open a business? If you can’t borrow money from your parents, friends, or get a loan from the government, there is only one option left – a bank. There is always money there and in any quantity.
Denis Kuderin is with you, a finance expert at HeatherBober magazine. I will tell, how to take out a loan to open a small business, what requirements do banks impose on beginning businessmen, and whether preferential loans exist in nature for newly-minted individual entrepreneurs and LLCs.
Read the article to the end - at the end you will find an overview of banks with the most favorable lending conditions and tips on how to increase the chances of a positive response from a financial company.
1. Loan for starting a small business - assistance to a beginning entrepreneur
Small business (SB) is a commercial enterprise whose number of employees does not exceed 100 people and whose annual revenue does not exceed 400 million rubles . Provided for small businesses special taxation regime and simplified accounting procedures.
Lack of start-up capital – the main stumbling block for novice businessmen. A lack of assets slows down the development of one’s own business, prevents the implementation of potentially profitable commercial ideas and interferes with self-realization.
Psychologically, people who are at the initial stage of opening their own business ready to risk borrowed funds for a successful start. They have a thoughtful plan and development strategy.
All that remains is to present your ideas to creditors and make them believe in the commercial potential of the future business.
But remember that only about 10% of small businesses break even or at least do not go bankrupt in the first 1-2 years after opening.
For this reason, banks are not eager to give out money to everyone. They have no interest in financing projects with an uncertain future. Therefore they you need a clear business plan, a guarantee or a franchise. And even better - liquid collateral.
Condition 2. Availability of security and guarantor
Mortgaged property - reliable money back guarantee. Secured loans are beneficial both to banks and, partly, to the borrowers themselves. The interest rate on such loans is lower, the terms are longer, and the documentation requirements are more flexible.
The following is taken as collateral:
- liquid real estate - apartments, houses, land plots;
- transport;
- equipment;
- securities;
- other liquid assets.
It’s even better if, in addition to collateral, you have guarantors - individuals or legal entities. Have the right to become a guarantor city or regional Entrepreneurship Centers, Business incubators and other structures that help aspiring businessmen.
Condition 3. Clean credit history
Banks check the credit history of all borrowers without exception.
- successfully closed loans;
- there are no sanctions for past delays;
- There are no existing loans.
If you want to fix your credit history, it will take time. The most effective way is to take out several consecutive loans from microfinance organizations and close them on the company’s terms.
Condition 4. Complete package of documents
The more documents you provide to the bank, the greater the chances of a positive response. Make sure all documents are current and properly completed.
A definite plus - Availability of ready-made licenses and other permits for the type of activity you are going to engage in.
Let's take a break and watch a short video on the topic.
3. How to get a loan to open a small business from scratch - 5 simple steps for the borrower
First, decide on the amount you need. There is no need to take more than required, but it is also undesirable to lack funds. Ideally needed professional financial analyst to calculate all costs.
Immediately think about whether you can provide the bank with collateral, if required, and find guarantors.
Open checking account– no businessman can do without it.
The most convenient and fastest way to open accounts is in the following banks:
Step 1. Select a bank and lending program
Banks offer dozens of types of lending programs for beginning businessmen. Your goal is to choose the one that best suits your needs.
First, you should take an interest in the offers of the bank whose services you use. Salary clients and those who have a bank account deposit or current account, banks offer more favorable conditions.
It is more reliable to cooperate with well-known financial market players who have many branches in different cities of the Russian Federation.
Other important criteria:
- independent bank rating– in Russia the most authoritative rating companies are RA “Expert” and “National Rating Agency”;
- experience– you should not trust institutions that opened less than 5 years ago;
- financial indicators– if banks have nothing to hide, they publish financial reports on their website;
- reviews from other businessmen who have already used the company’s services;
- Availability of preferential loans with state support– in case you manage to use such programs.
And another tip - read the latest news about the bank. Suddenly he changes owner or transfers its assets to another bank. You don’t need any extra hassle with details.
In the Russian Federation, several dozen banks a year lose their licenses. Cooperate only with those companies whose position is stable and strong.
Step 2. Prepare documents
I already spoke about the package of documents above - the more complete it is, the better.
You will need:
- passport;
- the second document – preferably TIN;
- certificate of registration of individual entrepreneur or LLC;
- fresh extract from the Unified State Register of Legal Entities;
- certificate of registration with the Tax Service;
- licenses and permits (if any);
- documents for collateral (if you are applying for a secured loan);
- business plan;
- income certificate (if any).
The bank has the right to require other documents - for example, list of purchased property for business activities, office lease agreement, etc.
Step 3. Submit an application
All modern banks accept applications online. Fill out the form, submit and wait for a decision. Please indicate the most detailed and reliable data– the bank will carefully check this information.
Do not try to hide information that is important for the lender - bankruptcy in the past, existing loans. The bank security service works no less efficiently than the police, when it comes to screening the borrower.
Banks will never take risks by issuing loans to those who are trying to defraud them. On the contrary, they will blacklist such citizens.
A significant portion of loans for start-up businessmen are issued on the terms down payment of 10-30% of the loan amount. It is worth preparing this amount in advance and convincing the bank that you have it.
Step 4. Conclude an agreement
A loan agreement is a serious thing. The financial well-being of your company and your own emotional and psychological well-being for many years to come depend on it. Paying under an agreement that you have not read is dangerous and stupid.
I recommend that you familiarize yourself with the draft of this document in advance and read it at home, in a calm environment. It’s even better to have it studied by a lawyer who understands the intricacies and pitfalls of business lending.
What to look for:
- final interest rate;
- payment schedule – is it convenient, does it meet your capabilities;
- the procedure for calculating fines;
- conditions for early repayment of the loan;
- obligations and rights of the parties.
Study at the same time pledge agreement if you take out a loan with a guarantee. You need to know your rights as the owner of the collateral property.
Remember: if some clauses of the agreement do not suit you, you have the right to demand that the bank change the wording or even remove this clause completely.
There are no standard and formal banking agreements - they are all drawn up taking into account the individual conditions and circumstances of the transaction.
Step 5. Receive funds and open a business
All that remains is to receive funds to your current account or in cash and open your own business with them. Or the company will transfer money to the account of the seller from whom you are purchasing equipment or special equipment under the contract factoring or leasing.
4. Where to get a loan to open a small business - review of the TOP 5 banks
The expert department of our magazine monitored the credit market of the Russian Federation and compiled a list five most reliable banks.
Please note that in some of them it is more convenient to take out a consumer loan without specifying the purpose or to issue a credit card with a revolving limit. This option is suitable if you need a relatively small amount within 300-750 thousand rubles .
1) Sberbank
You can get a loan from them up to 1,000,000 rubles at 3% per month. Application review period is up to 1 hour. Issuing money during the day.
The main advantages of the service are convenience and speed. All processes take place online - from submitting an application to receiving money in the company’s account. All you need is a passport and company documents. From the start of filling out an application on the website until the money arrives in the company’s existing bank account, no more than 1 day passes.
The service is available for individual entrepreneurs and LLCs. Suitable for short loans in urgent need. For example, when you need to fill a cash gap, pay salaries to employees, purchase goods or replenish working capital.
6. How to increase your chances of getting a loan to start a small business - 4 useful tips
If you want to increase the chances of a positive response from the bank - use our advice.
Read, memorize and put into practice!
Tip 1. Seek support from financial funds
If you do not have collateral, additional income and other obvious signs of solvency, try taking advantage of preferential loan programs and with the help of Entrepreneurship Centers In your city.
Such structures will provide guarantee to the bank or even take on part of the loan payments.
A number of Russian banks cooperate with the Centers and are ready to provide loans to entrepreneurs at a lower rate and without any collateral. The state reimburses the costs to the banks.
Franchising is an additional guarantee of MB success. Perfect option - buy a franchise from the bank’s partner companies. Financial institutions partner with large brands that have an effective business model.
Tip 3. Provide collateral and issue a guarantee
Collateral and guarantee help you achieve your credit goal as quickly as possible. If there is collateral interest rates are falling, and loan amounts and terms, on the contrary, are growing.
But it’s worth soberly assessing your financial capabilities. If you cannot pay off the loan, the collateral will be sold at a price of 40-50% of its real value. Yes, and you will let down the guarantors - your debts will also affect their credit history.
Tip 4. Use the services of financial brokers
Financial brokers know much more about business loans than first-time entrepreneurs. The services of such companies cost money, but if you find a truly professional and experienced broker, your costs will more than pay off.
7. Conclusion
A loan for starting a small business is a chance for entrepreneurs to launch a promising business project without having personal savings. Many successful businessmen started with borrowed funds and now have billions in profits.
Question for readers
Do you think it’s worth pledging personal property as collateral for a business loan?
We wish you generous lenders and successful commercial projects! Write comments on the article, rate it, and share with friends on social networks. See you again!
To start any business project, start-up capital is required. It takes time to accumulate it on your own. And this will take not 2-3 months, but at least 5-6 years. If you do not intend to wait, you will have to turn to private investors for help or try to get a loan from a bank. Fortunately, this is not as difficult as it seems. Today, many financial organizations are ready to issue loans to small businesses from scratch. All thanks to targeted government support and the federal program for the development of small and medium-sized enterprises (SMEs).
Borrowed funds can be an excellent launching pad for a young entrepreneur. But business lending has its own nuances that need to be taken into account. Firstly, a loan is usually issued for specific purposes. This could be business development, starting a new business, purchasing equipment, repaying tax payments, replenishing working capital, etc. You will not be able to use the money in any other way. Otherwise, conflict with bank representatives and supervisory authorities cannot be avoided.
Secondly, to get a loan to start a small business from scratch, you need to provide a business plan. As well as an official certificate confirming your status as an individual entrepreneur, and the right establishing documents for the commercial real estate and commercial equipment you own (if any). In addition, to obtain a large loan, you may need a third party guarantee or other guarantees of your solvency (collateral, intermediation of the SME Corporation, etc.).
Requirements for the borrower
To take out a loan for a business plan, you need to meet the requirements established by the management of the banking organization. Each bank has its own internal standards, which only company employees know about. But, nevertheless, there are general criteria that are more or less the same for all financial institutions in the Russian Federation. These include:
- citizenship of the Russian Federation;
- age - from 23 to 65 years;
- business period is from 12 months.
Moreover, the last point does not mean that you will not be given a loan to develop a small business from scratch. It is quite possible to get it, you just need to use one of the government support programs.
Governmental support
The Russian government has long realized the importance of small and medium-sized businesses. To stimulate the entrepreneurial activity of the population, various financial and information support tools are being developed. Moreover, not only federal authorities, but also regional administrations take part in their preparation.
Stimulating SME lending
The small business lending incentive program is one of the largest projects of the SME Corporation. Together with the Ministry of Economic Development and the Central Bank of the Russian Federation, the organization has developed a fundamentally new instrument for financing young businessmen. The corporation managed to fix the interest rate on loans from 5 million to 1 billion rubles. at the level of 10.6% (9.6% for medium-sized enterprises). You can get a loan for a small business from scratch on these terms in 45 Russian commercial banks, including Sberbank, Vozrozhdenie, Alfa-Bank, Raiffeisenbank, etc.
Among the financed industries:
- Agriculture;
- production and supply of electricity, gas and water supply;
- food production;
- construction;
- connection;
- freight and passenger transportation.
A loan for the development of small businesses from scratch from the state is issued as part of preferential lending. The guarantor in this case is JSC Federal Corporation for SMEs.
Free loan
You can also receive money for business development free of charge. If an entrepreneur complies with the requirements of Russian legislation and has no outstanding tax debts, he is entitled to targeted subsidies. Moreover, both federal and regional.
To apply for a subsidy, you must first choose a direction. This can be done, for example, on the website of the Innovation Promotion Fund. To start a business from scratch, the organization issues free loans of up to 15 million rubles. Separately, you can get up to 300 thousand rubles. from the regional Ministry of Economic Development as part of a regional competition.
Non-profit foundations
You can take out a loan for a small business, from scratch, without collateral or guarantors, not only from the state, but also from non-governmental organizations. For example, the International Business Leaders Forum (IBLF). Under the “Youth Business of Russia” program, which is supervised by the Youth Business International (YBI) Foundation, you can get a loan of up to 300 thousand rubles for a period of 1 to 3 years. The interest rate is 12%, the debt can be deferred for 6 months.
All you need to apply for a loan is a ready-made business plan. The promotion is designed to support young businessmen, so the age of the potential borrower should be no more than 35 years.
TOP 5 business loans
Most loan offers that are not included in the program prepared by the SME Committee are issued to entrepreneurs whose business has been in existence for at least 1 year. Discussion of individual conditions is possible if there is security or guarantee from persons enjoying the confidence of the management of the banking organization.
5th PLACE: loans from Alfa-Bank JSC
Alfa-Bank is one of the most customer-oriented Russian banks. He actively cooperates with the SME Corporation and provides loans for small businesses from scratch on preferential terms. He also develops his own financial instruments for young entrepreneurs:
- "Partner". Loan for business development at 16.5% - 17.5% per annum. You can borrow from 300 thousand to 6 million rubles, no deposit is required. A prerequisite is to have a current account with Alfa-Bank JSC. Repayment period - from 13 months to 3 years;
- "Overdraft". Money for current needs, a kind of “spare account” for the company. Issued for 12 months. The loan size varies from 500 thousand to 6 million rubles. Interest rate from 13.5% to 18%. No collateral is required, but a surety from an individual is required. A one-time fee of 1% is charged for opening an overdraft limit.
If you have just started a business from scratch, then the likelihood of approval is very small
4th PLACE: business loans from JSC Rosselkhozbank
Rosselkhozbank specializes in financing enterprises one way or another related to agriculture and the food industry. Therefore, the company has many targeted lending programs. Entrepreneurs involved in small businesses may be interested in the following loans:
- "Optimal". Non-targeted loan from 100 thousand to 7 million rubles. Repayment period - 5 years. Issued on the security of real estate, commercial equipment, transport or special equipment. Deferments for debt payment are not provided;
- "Fast decision". Loan in the amount of 100 thousand to 1 million rubles. The loan term is short, only 12 months. Can be used to pay rent or update the material and technical base of an enterprise. Collateral is not required.
Rosselkhozbank's interest rates depend on the size of the loan and its repayment period. And they are calculated by credit managers individually.
3rd PLACE: targeted loan from PJSC Russian Capital
Russian Capital has a large number of corporate lending programs. But for small businesses, the target package “Business Development” is of greatest interest.
Under this program, entrepreneurs can receive a loan from 1 to 150 million rubles. at 11% per annum. The loan repayment period is up to 10 years. The money can be used to purchase equipment, renovate real estate or replenish working capital. Funds are issued both in the format of a one-time loan and in the form of a non-revolving credit line with a maximum disbursement limit.
To obtain a loan, you must provide collateral and enlist the support of guarantors. The minimum period of business existence is 9 months. Borrowers can be individual entrepreneurs and legal entities that are tax residents of the Russian Federation.
2nd PLACE: non-targeted business loans of Sberbank PJSC
Sberbank has been successfully lending to small businesses for a long time. You can get a loan for enterprise development here using one of three special programs:
- “Trust” Basic loan for up to 3 years at 16.5% - 18.5% per annum. The client can count on an amount of up to 3 million rubles, no guarantee or collateral is required;
- “Express overdraft” This loan also does not require collateral. The loan term has been reduced to 12 months, the interest rate is 15.5%, and the maximum amount is 2 million rubles.
- “Business Turnover” and “Business Invest” These two transfers are very similar, the rate is from 11.8%, the maximum loan amount is not limited, it is determined only by the solvency of the borrower and the value of the collateral. These offers are targeted loans, this is the main difference.
Loan term Business Turnover - up to 3 years, Business Invest - up to 10 years A decision on the application is made within 3 working days, online registration is possible.
1st PLACE: loans for business development of PJSC Bank VTB 24
A distinctive feature of VTB 24 programs is their clear specialization. The bank has both investment proposals and targeted loans for the development of small businesses from scratch, the purchase of special equipment and other needs. The most popular loans are:
- "Target". Issued in amounts starting from 850 thousand rubles. for the purchase of equipment and special vehicles from the bank’s partners. Repayment period - up to 5 years. It is possible to defer payments on the principal debt for 6 months. Base rate - 10.9%;
- "Investment" Can be used to implement various business processes. Amount - from 850 thousand rubles, term - up to 10 years. The rate, as in the previous case, is 10.9%. It is necessary to provide material support;
- "Kommersant". Express loan for business development at 13% in the amount from 500 thousand to 5 million rubles. You can spread your monthly payments over a period of up to 5 years. The loan is not targeted and is provided against a minimum package of documents (business plan, individual entrepreneur certificate, etc.).
You can apply for a loan from VTB 24 either at the bank’s office or through a form on the official website.
Full list of small business lending products www.vtb24.ru/company/credit/
conclusions
Small business loan from scratch issued by both government funds and commercial companies. Material support can also be obtained from non-governmental organizations created on the initiative of entrepreneurs themselves. The main thing is to prepare a convincing business plan and find guarantors who will be willing to take on your financial obligations in the event of a crisis.