2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16
Lack of own funds is one of the most common problems for small businesses. It hits individual entrepreneurs (IP) especially painfully. And owning a business is always a big expense. Many Russian banks offer a way out of this situation. Good offers are put forward by VTB 24.
Specifics of obtaining a loan
The main problem is to decide on the purpose of lending. With an individual, everything is clear - it is very easy to determine the needs for requesting a loan, 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 the accounting department can prepare reports, but it cannot predict future profits. Often, this is why banks refuse IP.
If an entrepreneur decides to take out 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 lendingbusinesses are also becoming unavailable.
Unlike other banks, a cash loan for individual entrepreneurs at VTB 24 involves some relief. For example, a businessman will not have to withdraw working capital if there are settlements with counterparties. Delays are also possible if force majeure occurs.
VTB 24: loan conditions for IP
In the line of loan programs for entrepreneurs, the following basic requirements are most often set:
- the age of the borrower must be between 25–65 years (for businesswomen it is reduced to 21);
- IP registration must be carried out in accordance with all norms of Russian legislation;
- before applying to the bank, the business must operate for at least a year;
- availability of a deposit (not always required).
Kommersant
This product belongs to express loans. Therefore, the bank makes a decision the very next day after the application is made. The package of required documents is minimal:
- completed application form (the form is issued on the spot);
- passport of a business owner who wants to get a loan;
- constituent documents;
- tax and accounting reporting.
The interest rate on a loan for IP VTB 24 is calculated based on the provided collateral (or lack of it). So, it turns out:
- 17% per annum if secured;
- 21% - with no collateral, but good credit history;
- 24% to everyone else.
The minimum bank is ready to issue one millionrubles, maximum - four for up to three years.
For this type of lending, a flexible system for confirming the profitability of a business is provided. Plus, the credit institution offers to insure the life and work capacity of the entrepreneur.
In order to apply, it is not necessary to personally go to a representative office of VTB 24 Bank. A loan for an individual entrepreneur can also be issued on the official website of the lender.
Overdraft
This convenient loan product is very helpful in case you need to quickly settle with counterparties or cover cash gaps.
"Overdraft" allows the client to use an open current account to transfer funds to pay for the requirements presented by clients, even if they exceed the amount available on the account. That is, this credit program allows you to have a debit balance on your current account.
Besides, "Overdraft" is a multi-purpose loan.
Judging by the reviews, this loan for individual entrepreneurs from VTB 24 has several undeniable advantages. Most often, there is no requirement to provide a deposit, as well as:
- no commission for issuing a loan or for an unused limit;
- transfers from third-party banks take 90 days;
- no mandatory reset of the current account;
- interest is charged only for the period of actual use of funds.
Overdraft conditions
Documents for a loan for an individual entrepreneur in VTB 24 need to prepare standard ones, but the conditionsthe following:
- loan term 12-24 months;
- the minimum amount to be issued is 850,000 rubles;
- interest rate set at 14.5%;
- the term of the loan 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 at the nearest representative office of the bank, and on its official website.
Credit "Investment"
Designed to help you expand your business or start a new business, or build from scratch or complete a major overhaul.
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.
Revolving loan
Designed to receive seasonal discounts (with significant volumes of purchases), financing cyclic processes in production and replenishing 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 IE "Turnaround" or "Investment", you need to know that the bank allows not to provide collateral15 percent or less of the total borrowed funds.
Collateral can be:
- transportation;
- equipment;
- real estate;
- goods in circulation;
- pledge of third parties;
- the guarantee of the 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 in VTB 24 can be taken to purchase premises for an office, warehouse, workshop, retail outlet, etc.
The credit institution sets the following conditions:
- loan term - up to 10 years;
- the maximum loan amount is 4,000,000 rubles;
- annual interest rate – 14.5%.
Business mortgage is provided only with a down payment (at least 15%). An exception may be additional collateral (because the main collateral is the acquired property). In addition, the bank gives the client relief: you can request a deferral of principal repayment, 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 several conditions, the main of which is a pledge. This may be equipment or special equipment purchased by a businessman from bank partners. In this case, it is necessary to make an initialfee: for equipment - 33%, for equipment or transport - 25%.
Other requirements include:
- minimum starting amount - 850,000 rubles;
- annual rate - from 14.5%;
- loan term - up to five years;
- fee for issuing a loan - 0.03%.
If necessary, the bank provides a deferral of up to six months to repay the principal debt.
Conclusion
Before contacting the bank, the borrower should prepare weighty arguments that will help prove his 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 necessarily 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 of time (these 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 fix it as described above.
- Create a business plan that clearly outlines the business development strategy. In it, in addition to the idea, its profitability and the calculation of the necessary investments, it is imperative to analyze the market of competitors and show your advantages.
Restructure costs with maximum optimization. For a bank, this is always a weighty argument.
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