For business development , lending can be considered an extremely convenient banking service. It is difficult to manage only with your own funds to purchase new equipment, pay for large quantities of goods or invest in a promising investment project. Numerous banking institutions are ready to help finance enterprises by providing a loan to a legal entity.
It may take a lot of time to prepare the package of documents required to apply for a loan. In order for a loan to a legal entity to be approved by the bank as soon as possible, several rules should be followed when preparing the necessary securities.
The financial statements of a legal entity, which the organization requires to mandatory, should record a stable profit. Moreover, its size should at least slightly, but grow from one reporting period to another. Positive dynamics are the guarantee that the company is developing successfully, and the loan issued to a legal entity will not be in danger of non-payment.
A solid impression on the bank will be made by a solid figure in the balance sheet asset. Property, inventories, securities, investments in other enterprises - all this will contribute to the quick resolution of the issue of lending.
If the company has already resorted to loans, then the presence of long-term loans in the balance sheet can also be a positive fact when considering an application for a new loan. This may indicate the reliability of the enterprise. Especially if the loan is designed for a long period of time.
Which bank is more profitable to place a loan application? Any of almost 900 Russian institutions provides loans to legal entities. Rates in this case depend both on the term of the service and on the type of loan. The most beneficial for the borrower may be an appeal to the "native" bank. A loan to a legal entity that has been serviced for a long time at a particular institution may be granted on concessional terms.
Thus, for example, Sberbank successfully works with its corporate clients . Loans to legal entities here are issued not only according to traditional schemes, but also in relation to specific industries: defense industry, agricultural producers, gold mining industry.
The presence of regular and significant revolutions in the current account indicates that the company operates in normal mode. Doubts of the bank in the solvency of the client will disappear by themselves. When considering a loan application from their client, financial institutions, as a rule, are loyal to providing favorable credit conditions.
Another important aspect that you must know when contacting the bank. Nothing will spoil the impression made on bankers, as a spoiled credit history. One day of delay in the current payment can nullify all efforts to apply for a new loan. Therefore, cash flow planning should take place in such a way that the loan payment is made on time.