Many entrepreneurs decide to expand their business. But in this case, there may be a lack of funds to achieve the goal. Banks offer a business development loan for the LLC. It is only necessary to choose the most optimal program with suitable conditions and requirements.
If necessary, get a loan for business development, it is advisable to familiarize yourself with the programs of several banks. Better yet, consult a professional consultant who will help you choose the best conditions. An equally important task is to familiarize yourself with the contract, which indicates the terms of the transaction.
Features of small business lending
A company registered as an LLC cannot issue a consumer loan compared to an individual entrepreneur. Therefore, they have little choice. But banks are constantly releasing new programs. The main requirement is the activities of the company. It must be performed for at least 6 months, otherwise there will be a rejection of the application.
The organization provides an opportunity to use a credit line, which will increase with expenses. This is unsecured lending. Even in times of crisis, banking institutions provide loans to the public. The bank usually does not carry out lending to large enterprises without collateral and guarantors.
Types of loans for LLC
Typically, lending is carried out with a smaller amount and a large percentage. Then, credit organizations present a separation of amounts. The first can be issued without collateral, and the second must be secured. The loans themselves are divided into the following types:
- Overdraft. Transfer of the approved amount to the bank account of the borrower. You can pay the debt by depositing funds into your current account. Money is debited automatically. The goal is to support the company's turnover. Money can be spent on eliminating shortages at the cash desk, payment transactions. Funds can go to the budget. This loan option is considered the most profitable. Interests are fixed and differentiated. Redemption is automatic.
- Credit line. It is used to expand the business. A line of credit is revolving and non-revolving. Typically, these loans are used to acquire new funds. Possible purchase of raw materials. Financial organizations lend non-cash. Funds are spent in whole or in part. A non-targeted program is used, but a credit institution can control spending.
- Investment loan. To expand the enterprise or the need to purchase equipment, you can issue such a loan. But the conditions for it are more stringent in comparison with other loans. It is necessary to collect a lot of documents, as well as create an investment plan that reflects ways to increase revenue.
A credit institution may require a down payment of 30-40%. The lending period is 15 years. If the company has been operating not so long ago, then there may be a failure. Loans are not issued at zero balance. Collateral is sometimes required.
Conditions
A business development loan for an LLC is issued at Sberbank, VTB 24, Alfa-Bank and other financial institutions. Each program has its own conditions. It is possible to issue loans on bail, surety or without security.
Banks offer loans up to 5 million rubles at a rate of 14.5 to 17%. Often, businessmen are offered government programs and registration through large institutions of the Russian Federation.
Getting
How to get a loan for business development? To do this, go through several stages:
- Contact a bank with valid accounts.
- Apply for a loan.
- Collect documentation.
- Read the terms and conditions for approval.
- Sign documents and receive money.
If you apply to a bank that does not have accounts, the institution may require that you transfer all or part of the funds.
Where to go?
Loans to small and medium-sized businesses are provided in different banks. Amounts and rates for each client may be different:
- Sberbank - up to 5 million rubles from 16%;
- Alfa-Bank - up to 6 million rubles at 17%;
- Raiffeisen Bank - up to 4.5 million rubles, and the rate is set individually;
- VTB 24 - up to 4 million rubles from 14.5%;
- "Bank of Moscow" up to 150 million rubles at an individual rate.
Sberbank
Sberbank offers lending to businesses, where all entrepreneurs can apply. Programs are valid for representatives of small and medium-sized businesses, as well as for large corporate clients. The Bank offers several programs for collateral, surety and without collateral.
The amount can reach up to 5 million rubles. The rate is 16-19.5% per year. Loans are provided for different purposes: reconstruction, purchase of fixed assets, expansion.
Government program
Not everyone knows that there are various business support programs for which you can arrange subsidies for the development of your business. Support may be refundable and non-refundable. To receive such financing not everyone will succeed. The advantage is socially-oriented, industrial, agricultural, business projects.
It takes into account the number of jobs, the usefulness of products or services. It is also important to assess the originality, profitability and payback period of the project. Working programs and conditions for participation in them are made out on the official websites of the city.
An application is submitted for free, so each organization can try. If you prepare an appropriate business plan, then getting funds from the state is real. More preference is given to entrepreneurs who already have an established business with a constant income.
How to issue?
Loans to small and medium-sized businesses are issued within a few days. It depends on the conditions and requirements, for example, when receiving a loan with a pledge.
Obtaining a loan for the LLC is usually carried out with the provision of liquid collateral or an invitation from the guarantor. Otherwise, there will be a denial of a loan.
From scratch
Loans are issued for business development from scratch, but it is rather difficult to arrange them. Banks impose stringent requirements on borrowers:
- making a profit by the enterprise;
- company registration for at least 6 months-1 year.
Beginning businessmen are often automatically rejected loan applications. The way out in this situation is to register a consumer loan to an individual by providing property as a pledge. Business development loans from scratch are also issued with guarantors.
No deposit
It is quite difficult to get a loan for an LLC without collateral. Borrowers should remember that some institutions, for example, Sberbank, VTB, provide such loans, but the rate will be quite high. The condition for completing such a transaction is the guarantee of business owners.
Requirements
A business development loan for an LLC is granted subject to several requirements:
- staff - no more than 100 people;
- profit per year - up to 400 million rubles;
- income from microorganizations is 60 million rubles, and the staff is no more than 15;
- registration in the Russian Federation;
- legality of business;
- age 23-65 years;
- positive credit history;
- good financial turnover.
Documents
An application is needed to get a business development loan for an LLC. Documents may differ depending on whether the person is a bank customer or not. Permanent borrowers need to provide recent financial statements, securities on collateral, guarantors.
If the client does not use the services of the bank, then he must prepare the constituent, registration documents. You will also need a card with samples of signatures of persons who have the right to sign. Need their passports, tin. The list of documents is sometimes expanded.
Amount
A business development loan for an LLC is issued in the amount of 3-5 million rubles. But some institutions, for example, Bank of Moscow, give out large amounts. The condition is the solvency of the company and the fulfillment of the obligations that are taken when signing credit documents.
Bets
The interest on loans for all clients is determined individually for each client. The fee for using loans depends on several factors:
- solvency;
- funding period;
- loan currency;
- availability of collateral or surety.
Base rates are now 14.5-17% per year. And on preferential programs from the state 10% are valid.
The timing
Under standard programs, loans are issued for up to 3 years. Sometimes a longer loan time is available. Early repayment is also possible, only it is necessary to immediately find out if there is an additional commission for this.
Redemption
Credit is paid in equal or differentiated parts. Individual repayment scheme options are sometimes likely. The transfer is made from the current account to the credit. In case of untimely payment by the bank, the delay is accrued and the credit rating is lowered.
Advantages and disadvantages
A business loan has its advantages:
- no withdrawal from the turnover of funds is required;
- there is the possibility of obtaining a loan without collateral;
- You can become a member of the state program by issuing a soft loan.
But it should be borne in mind that banks in the field of lending work only with trusted businessmen. Borrowers must confirm solvency, open current, deposit accounts, salary project, corporate cards for the company. Only then is it possible to arrange a loan.