Lack of equity is one of the common problems of small businesses. It is especially painful for individual entrepreneurs (IP). And own business is always big expenses. Many Russian banks offer a way out of this situation. Good offers put forward VTB 24.
The specifics of obtaining a loan
The main problem is to decide on the purpose of lending. With an individual, everything is clear - the needs for a loan request are very simple to determine, and it is usually not difficult to confirm the amount of income. How to establish the true value of the income of an individual entrepreneur? Or the regularity of its receipt? Suppose bookkeeping can prepare reports, but it cannot predict future profits. This is often why banks respond to IP rejection.
If an entrepreneur decides to get a loan for himself, acting as an individual, then he deprives his organization of the opportunity to form a good credit history. Yes, and many attractive programs for lending to the business are also becoming inaccessible.
Unlike other banks, a cash loan for an individual entrepreneur at VTB 24 implies some relief. For example, a businessman will not have to extract working capital if payments are to be made with counterparties. Delays are also possible if force majeure occurs.
VTB 24: loan conditions for individual entrepreneurs
In the line of credit programs for entrepreneurs, the following basic requirements are most often set:
- the age of the borrower should be in the range of 25–65 years (for a businesswoman, he was reduced to 21 years);
- IP registration must be carried out in accordance with all the norms of Russian legislation;
- Before submitting an application to the bank, the business must work for at least a year
- availability of collateral (not always required).
"Kommersant"
This product applies to express loans. Therefore, the bank makes a decision the very next day after the application is submitted. The package of necessary documents is minimal:
- a completed application form (a form is issued on the spot);
- passport of the business owner who wants to get a loan;
- constituent documents;
- tax and accounting reporting.
The interest rate on the loan for VTB 24 FE is calculated based on the provided collateral (or lack thereof). So, it turns out:
- 17% per annum, if there is collateral;
- 21% - for non-provision of collateral, but good credit history;
- 24% - to everyone else.
Minimum the bank is ready to issue one million rubles, a maximum of four for a period of up to three years.
A flexible system for confirming business profitability is provided for this type of lending. Plus, a credit organization offers to insure the life and work capacity of an entrepreneur.
In order to submit an application, it is not necessary to personally go to the representative office of VTB Bank 24. A loan for an individual entrepreneur can also be obtained on the lender's official website.
Overdraft
This convenient loan product helps a lot if you need to quickly settle with counterparties or cover cash gaps.
Overdraft enables the client to use an open current account to transfer funds to pay for claims submitted by customers, even if they exceed the amount available on the account. That is, this loan program allows you to have a debit balance in the current account.
In addition, Overdraft is a multi-purpose loan.
Judging by the reviews, this loan for IP from VTB 24 has several undeniable advantages. Most often, the absence of a requirement to provide a deposit is highlighted, as well as:
- no commission for granting a loan or for an unused limit;
- transfers from third-party banks are processed within 90 days;
- lack of mandatory zeroing of the current account;
- interest is accrued only for the period of actual use of funds.
Overdraft Terms of Service
Documents for a loan for an individual entrepreneur in VTB 24 need to be prepared standard, but the conditions are as follows:
- loan term 12-24 months;
- the minimum amount to be issued is 850,000 rubles;
- the interest rate is set at 14.5%;
- loan term should not exceed 60 days.
The maximum amount for this type of lending can reach up to 50% of the turnover of funds in the current account.
An application for a loan for an individual entrepreneur at VTB 24 can be filled out both personally in the nearest representative office of the bank, and on its official website.
Investment loan
Designed to assist in expanding the business or opening a new direction, as well as conducting construction work or major repairs from scratch.
The conditions set by the bank are as follows:
- minimum commission fee - 0.3%;
- the term of using the bank's money is up to 10 years;
- annual interest rate - does not exceed 14.5%;
- the minimum loan amount is 850,000 rubles.
Loan “Revolving”
Designed for seasonal discounts (with significant volumes of purchases), financing of cyclical processes in the production and replenishment of the working capital fund.
The requirements are as follows:
- annual rate - 15%;
- the term of using the bank's money is 2 years;
- starting amount - 850 000 rubles;
- minimum commission - 0.3%.
Before you take a loan from VTB 24 for FE “Revolving” or “Investment”, you need to know that the bank allows you to not provide with pledge 15 or less percent of the total amount of borrowed funds.
The following may serve as collateral:
- transport;
- equipment;
- the property;
- goods in circulation;
- pledge of third parties;
- The guarantee of specialists of the Small Business Support Fund.
Business mortgage
This is one of the most popular offers from the bank. Such a loan for an individual entrepreneur at VTB 24 can be taken to purchase premises for an office, warehouse, workshop, retail outlet, etc.
The conditions of the credit organization exposes the following:
- loan term - up to 10 years;
- the maximum loan amount is 4,000,000 rubles;
- annual interest rate - 14.5%.
A business mortgage is available only with a down payment (at least 15%). An exception may be additional collateral (for the main guarantee is the acquired property). In addition, the bank gives the client an exemption: you can request a deferral of repayment of the main debt, but not more than six months.
Special offers
Entrepreneurs working in the field of trade, production, provision of services and transportation have the opportunity to use the “Target loan”. The bank, agreeing to issue this loan, sets out several conditions, the main of which is collateral. This may be equipment or special equipment purchased by a businessman from partners of the bank. In this case, an initial payment must be made: for equipment - 33%, for equipment or transport - 25%.
Other requirements include:
- The minimum starting amount is 850,000 rubles;
- annual rate - from 14.5%;
- loan term - up to five years;
- commission payment for the issuance of a loan - 0.03%.
If necessary, the bank provides a delay of up to six months to repay the main debt.
Conclusion
Before contacting the bank, the borrower should prepare weighty arguments that will help prove its reliability and creditworthiness. A few tips for entrepreneurs:
- Take care of a reliable guarantor or collateral. In this case, you need to remember all liquid assets (commercial and personal real estate, equipment, cars, etc.).
- Since the bank always checks the credit history, it needs to ensure a positive status. If there is no history yet, then we take a small loan for a short period (such are usually issued on very loyal terms). We pay it clearly, observing all the requirements set by the bank. If the credit history is not very clean, we correct it as described above.
- Make a business plan that clearly defines the business development strategy. In it, in addition to the idea, its profitability and calculation of the necessary investments, it is necessary to analyze the market of competitors and show their advantages.
Restructure costs with maximum optimization. This is always a powerful argument for a bank.