Which bank gives a business loan? Loans for business from scratch: which bank to get from? Why are they afraid to lend to businesses starting from scratch?

Creating your own business is a long-term and labor-intensive process that requires significant effort and financial investment. A novice entrepreneur does not always have the required amount of start-up capital, which puts him in a difficult position. Russian legislation takes this fact into account and offers individual entrepreneurs a profitable loan to develop a small business from scratch.

Help of this kind is beneficial because government lending is systematic and interest-free, does not require collateral, and includes a number of additional financial and legal advantages. A significant number of business entities are striving to obtain it.

It is worth noting that the Russian Federation has a detailed program of state assistance to small and medium-sized businesses, which includes such items as:

interest-free lending;
leasing;
state compensation system payments and assistance for fulfilled loan obligations;
compensation for the financial amount spent on the purchase of industrial equipment and other means of production.

Small business lending is not the only popular method of effective economic assistance to individual entrepreneurs, but one of the most popular ways to compensate for financial shortfalls. The opportunity not to provide collateral when applying for a loan is very attractive to young entrepreneurs at the beginning of their economic activity. It is very important for individual entrepreneurs to feel state assistance in difficult economic conditions at the beginning of their activities and opening an enterprise, without collateral or additional financial payments.

State lending to individual entrepreneurs: registration mechanism

A loan to small businesses from scratch is an effective mechanism for regulating the development of individual entrepreneurship, which is one of the fundamental cells of the system of modern economic relations. The absence of the necessary collateral when starting a business often attracts young promising entrepreneurs who are ready to develop and implement new technologies and promising developments. Often these are the projects that require government assistance.

One of the most effective conditions for assistance for opening and further development of small businesses under the existing lending system is the absence of collateral.

The state assumes a full range of obligations related to guaranteeing the credit obligations of the subject of debt. It should be noted that not all banks are willing to make such a compromise, especially if we are talking about fairly large financial sums. Moreover, even a successful start does not always guarantee the profitability and creditworthiness of the enterprise in the future. Therefore, in order to receive a loan to open, an individual entrepreneur must have a basic amount of starting capital.

A new business is always a risk, and banks are not ready to pay for it. Therefore, individual entrepreneurs in the Russian Federation are actively supported by the state - and the results did not fail to show. Small business is gradually but surely turning into a significant segment of the domestic and foreign market.

If you are planning to open your own business and want to receive government support, first you should make sure that the system of government funding and assistance to individual entrepreneurs operates in the region of your registration, and also applies to your chosen field of activity.

It is worth understanding that not every beginning entrepreneur is entitled to financial support from the state - but only to those economic entities that can truly prove their worth and prospects for development as an individual entrepreneur.

One of the important stages of the procedure for receiving assistance in starting your business and applying for government loans for individual entrepreneurs is drawing up a clear business plan, which will display the following points:

goals and objectives of creating a new IP;
the necessary minimum financial resources needed to open a business;
the amount of costs associated with the acquisition of the necessary equipment and arrangement of work premises;
expected payback periods.

In addition, the individual entrepreneur must clearly outline the specifics of the start, the nature of future activities and justify the chosen path of economic development, as well as his desire to take out a loan.

To take part in the state program. small business lending and receive government loan, first you need to go through a competitive selection process.

The first stage of this competition is a detailed consideration of the proposed IP business plan. To successfully start and open a new business, an entrepreneur must clearly outline all stages of development of the future enterprise, and formulate the expected risks and benefits. To get state loan, the individual entrepreneur must convince the state that the proposed idea is effective and promising in terms of economic development.

Individual entrepreneur in order to receive state a loan for the development of its business without additional overpayments and collateral, undertakes to provide timely and complete reporting on the nature of the use and volume of naturalization of the funds received. The objectivity and completeness of the information received is checked by government agencies. fiscal control.

If the verification of the provided data was successful, and the subject successfully passed the competitive test, he receives access to a preferential lending system, which involves the complete absence of collateral and an interest-free loan. Such conditions attract many young entrepreneurs who want to get a loan and establish successful development of their business.

Other methods of government support for small businesses

Lending is not a universal panacea for stimulating the development of small businesses.

In order to obtain a satisfactory result in his entrepreneurial activities, an individual entrepreneur is forced to look for innovative ways and methods of implementing business ideas and projects. To the same extent, the state authorities are interested in the effective development and expansion of forms of private entrepreneurship.

Many banks are beginning to think about reducing or even potentially eliminating collateral for clients who want to take out a loan with the further use of funds for the development of small businesses.

State Small business support also involves such forms of work with individual entrepreneurs as:

holding competitions for various grants;
conducting training seminars, conferences, trainings for individual entrepreneurs;
material assistance without direct financial payments.

For example, the state can facilitate the rental of municipal space at a reduced rate. An entrepreneur can also receive a number of additional benefits without receiving cash in hand. In particular, this concerns cooperation with banks.

Preferential conditions for small businesses: features of obtaining a bank loan

Lending centers that provide government support for small businesses often become guarantors for obtaining loans for individual entrepreneurs. Banks tend to trust the state system of securing loans, so they are more willing to issue loans without collateral if the state directly acts as a guarantor.

The lack of collateral in this case is compensated by increased loan obligations.

To facilitate the successful start of as many young entrepreneurs as possible, a special National Welfare Fund was even established in the Russian Federation. The foundation's activities started in 2014. From this fund, banks included in the pool can annually receive a fairly impressive amount, which allows them to ensure minimum rates for credit loans for individual businesses, without requiring collateral and overpayments. Thus, in order to ensure a successful start and receive a loan for the development of an enterprise, the entity must simply prove its readiness to work in full for the domestic economy.

Starting a new enterprise requires careful preparation and the presence of a certain financial reserve.

The state is ready to provide the beginning entrepreneur with the necessary support - but in response, the individual entrepreneur also assumes certain obligations. In particular, the main indicators of the level of economic efficiency of activity and the successful start of a new enterprise are two main indicators: the number of jobs created and the level of taxes paid annually. If these numbers are characterized by positive dynamics, it means that the start of this business has justified itself, and the entrepreneur begins to create a successful credit history.

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A successful business is an opportunity to have high incomes, independence and secure a future for yourself and your children. The vastness of our country and the unmet need for modern services and goods make such opportunities real. Today, more and more people are thinking about opening their own business. A successful, original idea implemented on the market allows you to receive a stable and, sometimes, quite high income. But even if you have a promising business idea, creating your own enterprise is not such an easy task. The implementation of any idea should begin with market research and analysis of the necessary resources to implement the project. However, even having calculated a real business project, a novice entrepreneur is most often faced with the problem of lack of finance to launch it. Money is needed to purchase equipment, raw materials, purchase goods for retail trade and, finally, for informational and advertising promotion of a product or service.

If you decide to run a business alone and do not want to turn to existing entrepreneurs, and relatives and colleagues are not able to help you, then the only way out of the situation is to get a loan. However, if you apply for a bank loan without preparation, you will most likely be refused.

How to get a loan to start a small business from scratch?

On television, in the press and simply on street advertisements, you can often see offers of loans for the development of small businesses from scratch. However, in order to obtain such funds, it is necessary to overcome certain bureaucratic procedures. This is especially difficult to do in the absence of collateral instruments and a long credit history. Nevertheless, today obtaining the necessary funds on fairly favorable terms is a very real task.

Many entrepreneurs do not turn to credit institutions for fear of falling into “financial bondage.”

Of course, risk is always present in business, but if you have a real business plan, then a loan from a bank can be a good start. Your status as an entrepreneur does not play a significant role. Loans are issued to individual entrepreneurs, limited liability companies, and joint stock companies. The form of taxation you choose also does not play a significant role. Which bank is best to cooperate with? There is universal advice - try contacting the bank where you have already been served. If you have already taken out small consumer loans and repaid them on time, had deposit accounts or received a salary, then the bank will treat you with great confidence. Before contacting the bank, prepare primary information on your project. Be very careful about the justification for the loan amount itself. Getting several tens of millions of rubles to open a business without collateral or guarantee is an unrealistic task. But a loan to start a business from scratch without collateral in the amount of several hundred thousand or one or two million rubles is quite real. Banks usually issue such loans for a period of three to five years.

One of the most important questions that a novice entrepreneur faces is where to get a loan to start his own business.

Typically, there are two main sources of lending:

small business support fund
banks

Let's look at the pros and cons of both options.

Bank lending.

Banks, as a rule, prefer to work with those enterprises that already have a credit history and a good reputation.

Rules that every entrepreneur should know when obtaining a bank loan:

1. If you are creating a new company and plan to take out bank loans, you should assess the bank's capabilities already at the moment of opening a current account. There are no absolutely reliable guidelines for this. Therefore, the most reliable way is to listen to the recommendations of business colleagues.

2. As a rule, banks only lend to regular customers. Cases where a loan is received by a company that provides cash and settlement services elsewhere are an exception. To do this, the borrower will have to agree to a high interest rate and provide reliable collateral. The bank can easily write off money from the account of a company that constantly works with it. And he requires additional guarantees from outside borrowers. Hence the conclusion: a company that shows high current account turnover is more likely to receive a loan than a company that makes the majority of transactions in cash.

3. Any loan agreement is the same transaction as all other commercial transactions. That's why for some clients the bank sets lower rates, for others higher. What does this depend on?

Firstly, from your credit history. If you have borrowed money from this bank more than once and carefully returned it, then you can offer it to reduce interest, citing the high reliability of your company.

Secondly, it is important loan terms. Typically, small businesses raise borrowed funds for a period of no more than a year. In the medium-sized banks they most often turn to, the pattern is this: the lowest rates on loans that are repaid within one quarter.

Thirdly, a decisive role is played security, which is offered by the borrower against his obligations. The best collateral is liquid non-residential real estate or securities. You can pawn personal jewelry or a car, but they will, with rare exceptions, be valued low. If an apartment is being mortgaged, it is important that there are no registered tenants in it. Trade pledge is possible. But this option is only available to companies that enjoy special trust.

Finally, bankers will definitely pay attention to current turnover Your company. You will have to prove that you have sufficient funds to service the loan. And with complete trust, money can be issued even for the turnover of the enterprise. It is realistic to receive an amount ranging from 50% to 65% of monthly income to your current account.

4. It is important to remember that obtaining a loan involves a number of overhead costs: You will have to pay for opening and servicing a loan account, for appraisal and insurance of collateral. Therefore, in order to understand how profitable a loan really is, you need to determine the so-called effective lending rate. It is calculated using the formula: (sum of all expenses associated with obtaining and servicing a loan / loan amount) * 100%. An effective rate is one that allows you to get income from credit money.

5. Standard the period it takes to receive a loan- a month and a half. It all depends on how quickly and competently you prepare all the documents.

6. Constantly emphasize the prospects of your project. Never say that without this loan your business will fail. No one will invest in a dying business. In addition, a beautifully composed business plan. You shouldn’t make it long, the main thing is to include fairly optimistic figures in it and present them according to all the rules that are accepted by bankers.

7. Be prepared for the loan officer to ask to see documents reflecting real turnover of the enterprise. If the figures appearing in the official balance are too small, you will not receive a loan. Annual revenue from product sales should not be less than the amount you borrow. Therefore, you simply need to keep management records that allow you to evaluate the results of your activities. Moreover, this requirement also applies to those small enterprises that use a simplified taxation system.

8. Today, to get a bank loan, you need liquid collateral twice the loan amount.

Small business support funds.

The state can also help a beginning businessman through the Small Business Support Funds, the main activities of which are:

Financial support for small businesses;
- implementation of state programs to support small businesses;
- formation of small business support infrastructure;
- information and consulting activities.

The fund has a number of advantages compared to a bank:

- more loyal approach to assess the financial condition and collateral;
- fund the company will not go bankrupt, but will provide the opportunity to repay the loan;

If you do not have sufficient collateral to obtain a loan from a bank, then you can use the Credit Guarantee Program of the Small Business Support Fund.

The program is designed for borrowers taking out a bank loan who do not have sufficient collateral. The guarantee can provide up to half of the required collateral.

How to get a loan from the fund?

You must show promise Your business. To do this, at the meeting, tell the expert about your company and provide the necessary documentation. Agree on a date and time for an inspection of your business.

Fill out the application and send all the necessary documents (specified in the attachment to the application) to the credit department or give directly to a representative of the Fund (the application can be found on the website, or obtained from the Fund).

Show the expert your business and the property offered as collateral for the loan to evaluate it. Discuss the terms of the contract(the terms of the agreement depend on the loan amount, field of activity, financial condition of the borrower, quality of collateral, etc.).

After receiving all the necessary information and documents, the expert will prepare financial and economic analysis Your company to consider the application at the expert council, with a complete package of documents, the Fund will draw up a loan agreement and provide funds within a week.

After the positive decision of the council, your an expert will help you prepareь everything you need to get a loan.

If you do not have open current accounts, open your account in any commercial bank (for loans in the amount of up to 50 thousand rubles, opening a personal account is allowed).

Submit to the Foundation intended use report borrowed money. Repay the loan according to the repayment and interest schedule. Once a positive credit history has been developed with the Fund, repeat loans are provided on more favorable terms.

Very often, future individual entrepreneurs who want to open their own business do not have enough funds to do so. That is why many novice businessmen resort to the services of banks to obtain a loan. In Russia, loans are always issued only after a detailed assessment by the bank of the financial situation of the potential borrower.

And we must admit that domestic banks are not very willing to issue development loans to entrepreneurs who cannot prove their solvency. In this regard, the question arises: how to get a business loan from scratch? We will try to understand all the nuances in our publication today.

Features of bank lending

Undoubtedly, banks issue loans to small businesses from scratch on favorable terms. In turn, for a beginning entrepreneur, the loan products offered by the bank are not always profitable and acceptable.

A way out of the situation for a businessman may be to participate in the state program of subsidies and support for small businesses. Moreover, there are such programs to support entrepreneurs in each of the constituent entities of the Russian Federation. A future businessman has the opportunity to appeal to local authorities with a request for support for his project.

Thus, in order to reach a compromise with the bank, it is easier for a novice entrepreneur to apply for a loan for the purchase of equipment, vehicles or real estate. The conditions for such loans are much better, because in the event of bankruptcy, the bank will have the opportunity to sell the entrepreneur’s property at auction.

Before going to the bank, an entrepreneur should analyze all the information about the property he owns, because the more property he can provide to the bank as collateral, the more favorable lending conditions the bank will offer. In addition, the loan amount will be several times larger.

Note that not only a house, apartment or car, but also plots of land, jewelry, securities or shares in an organization (cooperative) can act as collateral for a loan.

Drawing up a business plan

To get a loan for a business from scratch, first of all you need to draw up a business plan, which should contain the following information:

a detailed description of the entrepreneur’s actions;
competitor market overview;
review of the product market;
loan repayment schedule.

In addition, attention should be paid to the use of accounting calculations. Their presence in the business plan provided to the bank significantly increases the chances of receiving a loan.

Main problems

A serious obstacle to obtaining a loan for business development is the lack of collateral. Collateral acts as security for borrowed funds. Bank employees, seeing the borrower’s reluctance to provide a loan to a small business from scratch with collateral, quite rightly consider such clients to be unsure of the success of their future enterprise. As a result, the chances of obtaining a bank loan are reduced to a minimum and obtaining a loan becomes almost impossible.

Another problem is that lending to small businesses takes a long time. Bank employees carefully study the business plan of a potential borrower. The time it takes to make a decision on a loan is usually delayed. In any case, a well-written business plan increases the entrepreneur’s chances of getting a loan to develop a business from scratch.

Sberbank loan products for business

Sberbank offers a number of convenient loan programs for small businesses. This is one of the most popular Russian banks represented on the business lending market. In turn, it owes its popularity to the convenience of loan programs. Therefore, we consider it necessary to consider loans to small businesses from scratch from this bank in more detail. Here are examples of Sberbank lending programs:

1. “Business Trust” program

goal - current business needs;
loan amount - from 80,000 to 3,000,000 rubles;
term - from 3 months to 3 years;
The loan rate is 18.9%.

2. Business Turnover Program

purpose - current expenses, participation in tenders or replenishment of funds of circulation;
loan amount - from 150,000 rubles;
term - from 1 month to 4 years;
The loan rate is 14.8%.

3. Business-Invest program

goal - modernization of production, repair of fixed assets, acquisition of fixed assets, repayment of debts to banks (leasing companies);
loan amount - 150,000 - 3,000,000 rubles;
term - from 1 month to 10 years;
the loan rate is 14.82%.

On average, banks in the Russian Federation lend to small businesses at 15-20% (per year). In addition, most banks insist on compulsory insurance of the collateral. The advantage of Sberbank is the provision of loans of 17-18% in a fairly short time.

Conditions and documents for obtaining a loan from Sberbank

According to Sberbank's terms, the borrower's age must be 25-60 years. To obtain a loan, you need to collect the main package of documents:

1. Passport of a citizen of the Russian Federation.
2. Questionnaire (information about the entrepreneur).
3. Military ID or registration certificate.

Additional documents that the bank may require:

a document confirming the applicant’s temporary registration;
certificate 2-NDFL (for the last 3 months);
a document confirming the franchisor’s consent to cooperate with the entrepreneur;
a document confirming the franchisor’s approval of the list of acquired assets;
original license;
original Certificate of Registration in the State Register (USRIP);
certificate of registration with the tax authority.

It is worth considering that additional documents may be needed if an entrepreneur plans to work according to a franchising model of business organization.

Consideration of the application

The Sberbank Credit Committee reviews loan applications. Employees of the credit committee analyze the data provided by the entrepreneur. The credit history of the businessman, the amount of his income, the availability of real and movable property and a guarantor, and the business plan submitted for consideration are subject to consideration.

The Credit Committee also considers other factors beyond the control of the entrepreneur.

After analyzing the information received, a decision is made to issue a loan or to refuse to issue a loan.

In any case, do not despair if you were unable to obtain a business loan from scratch. You can try to take out a consumer loan; the bank’s requirements for such loans are more lenient, and the package of documents is not so impressive.

To organize your own business or expand an existing one, you need financial investments. What to do if your own funds are not enough? For most entrepreneurs, the answer is obvious - go to the bank and get a loan for business development under certain conditions. Is it so easy for a borrower to take out a loan, is there a real alternative to bank loans, and what conditions must be met in order for the money to be received? More on this below.

Small business lending

Representatives of small businesses include small enterprises without the formation of a legal entity, the total income of which, together with assets, for the past year does not exceed 400 million rubles, and the number of workers does not exceed 100 people. Individual entrepreneurs are another layer representing small businesses. To start their own business or its sustainable development, they do not always have enough working capital, so they have to find sources of financing.

Just a dozen years ago, the unstable situation in the economy allowed only a few to obtain much-needed funds, since investors were in no hurry to invest in small projects. Today, the picture has changed, and small businesses can count not only on private investors and foreign funds, but also confidently turn to domestic banks and even the state.

Bank loans to small businesses

It cannot be stated categorically that anyone can come to a banking institution and take out a loan for business development. The first thing you need to do before applying for a loan is to draw up a competent business plan, based on the calculations of which bankers will make a decision on issuing funds. Moreover, the answer will not always be positive; you may receive a refusal or the amount issued will be less than stated.

The lender will not take risks by investing money in a deliberately losing idea, since the main thing for him is the return of the invested funds, and even in an increased form. For the same reason, banks rarely offer investment loans, the essence of which is to invest money in business development. It's easier for them to borrow funds and get a margin on it.

State small business lending program

If things don’t work out with a financial institution, you have the opportunity to turn to the state and ask for money for your own business. True, you will have to come to terms with the fact that the amount issued will be small - depending on the region, it can range from 50 thousand to 1 million rubles. The rate on such microfinance loans is 10–12%, although they are issued for a shorter period, which, as a rule, does not exceed one year. The entrepreneur will have to provide a guarantee or pledge of property, the sale of which will help cover the debt.

How to get a loan to start a small business from scratch

According to available statistics, about 80% of small businesses cease to exist in the first year of their operation. It cannot be said that they all go bankrupt, because some of them are part of larger industries, joint-stock companies, and some themselves become medium-sized and then large businesses. In addition, many individual entrepreneurs use the so-called “gray scheme” for generating income, so banking institutions cannot see the real income of the enterprise, which could significantly increase the chances of receiving a loan.

It is not difficult to get a loan to develop your own business from a bank, however, for a positive answer, you will need to fulfill a number of conditions, since it is very important for a financial institution to obtain a guarantee of repayment of the borrowed funds. Don’t forget about the opportunity to start your own business through a franchising scheme. In this case, it will be easier to get a loan to purchase a franchise.

Requirements for the borrower

The borrower must meet a number of requirements. Since the business is only planned to be developed, it will not be possible to provide any evidence of its competitiveness and profitability. For this reason, the bank will check the future small business entity as an individual in order to understand how responsibly the person treats their obligations. Bankers will check the borrower’s credit history and send requests to the Insurance Fund and the Pension Fund. If a person was previously an employee, they can make a request to the company where he worked.

Business requirements

Banks do not impose any requirements for the new project as such. They are directly interested in the business plan, so its development must be taken extremely seriously. If you don’t have the skills, it is recommended to hire specially trained people or a company that will draw up a document, taking into account all the client’s wishes. An entrepreneur can easily find and buy a ready-made version of the plan, which spells out all the features of doing business in a particular region. If you plan to carry out licensed activities, for example, selling alcohol, you must present a license.

How to get a business development loan for an individual entrepreneur

For businessmen who want to get money to expand their own business, it is somewhat easier. This is due to the fact that they can document the presence of profit and even provide collateral in the form of their own property. For the bank this is one of the main components, and for the businessman it will bring additional bonuses in favor of a positive outcome of the situation. However, this result is only possible if the client is trustworthy and complies with all the conditions for conducting the business:

pays wages;
provides contributions to the Federal Tax Service (use the service for generating reports to the Federal Tax Service online);
pays all taxes and fees on time; has a profit, etc.

Check out the service for.

For what purposes can you take out a loan for small business development?

As already reported above, the bank is not so important what the borrower is going to do. What is more important to him is whether he will make a profit to cover the debt. If the business is firmly on its feet and the entrepreneur has plans to expand it, you can apply for finance to purchase equipment, vehicles, machinery and even real estate (factoring, leasing, commercial mortgages, etc.). If you need to increase the amount of working capital, then you can also safely apply for a working loan for the development of a small business or take out an overdraft.

Unsecured

In the practice of Russian banks, there are loans that give an entrepreneur the opportunity to receive funds without providing collateral. However, it is worth saying that loans of this kind are issued extremely rarely, since a banking institution requires a certain guarantee. For this reason, to minimize your own risks, the interest rate on unsecured loans for business development is higher than standard offers.

Secured

Providing collateral increases the entrepreneur's chances of receiving a loan. The collateral can be movable and immovable property, a guarantee from individuals or legal entities, a deposit in the bank, etc. In this case, bankers are more willing to make a deal with an entrepreneur, since the sale of collateral in case of non-repayment of the debt will be able to cover the resulting debt.

Which banks give loans to small businesses?

A loan for business development can be obtained from many banks in Russia. Proposals are made by both major players in the banking market (Unicreditbank, Raiffeisenbank, etc.) and its smaller representatives (OTP-Bank, Rosenergobank, etc.). The table shows the five largest players:

	Banking product	Amount, rubles	Duration, months	Interest rate
Sberbank		100000–3000000
	Express overdraft


Rosselkhozbank	Secured by the purchase of commercial real estate			individually
	Secured by purchased machinery and/or equipment	up to 85% of the cost of purchased machinery/equipment		individually
	State support for small and medium-sized businesses	5000000–1000000000
	Kommersant	500000–5000000
	Revolving loan
	Investment loan
Alfa Bank	For any business purpose without collateral
	Overdraft
	Cars and special equipment for leasing			individual
Credit Bank of Moscow	For small and medium-sized businesses with bail			individual
Credit Bank of Moscow	For small and medium-sized under guarantee			individual

How to get a loan for a small business from a bank

Before going to the bank with a request for a loan for the development of a small business, you should carefully study all available offers and get advice from colleagues who have already taken out a loan for business development. In some cases, when it is not possible to provide collateral or guarantee, it may be more profitable to take a consumer loan in cash and use this money for your own business, because the interest rates on such loans can be much lower.

What documents are required for registration?

If a bank is selected, you need to collect a certain package of documents. Depending on the institution and the purpose of the business development loan, it can vary significantly. Bankers will definitely require a citizen’s passport and papers confirming the registration of the case. You will have to fill out an application form with all the necessary information. In addition, you will have to attach a business plan, a tax return, and indicate a current account, if you have one. It is possible that other documentation will have to be submitted at the review stage.

State lending to small businesses

Recently, the state has shown interest in small business representatives. Both in the capital and in the regions, you can become a participant in special programs through which you can receive start-up capital to develop your own business. For 2019, a program was adopted to expand state participation in promoting the development of entrepreneurship, reducing interest on loans depending on the level of inflation and the refinancing rate (key rate) of the Central Bank.

Microloans

In the West, the process of microcrediting small businesses by the state through financial institutions has been introduced everywhere. In Russia, this practice is very poorly developed, or rather, it is in its infancy. The advantage of a microloan compared to a bank loan is a lower interest rate and small requirements for the borrower. Funds are issued up to 3 million for a period of one to 5 years.

The state program applies to small businesses that were unable to borrow money. A distinctive feature of the loan is that the money is issued strictly for a specific project, which is closely monitored by the state. It will not be possible to take out a loan for the development of a small business and spend it in another direction - an inspection by the competent authorities can take place at any time.

Guarantee for a loan from an accredited bank

If a small business representative does not have the opportunity to secure collateral, he can take advantage of the unique opportunity of state assistance and apply for a state guarantee from the Entrepreneurship Support Fund. Its essence is that the bank issues a loan to an entrepreneur for business development under guarantees provided by the state. This service is not free, so the borrower will have to pay a certain percentage of the loaned amount.

This opportunity can only be taken advantage of by those entrepreneurs who are confident on their feet and have profit from running their own business. State guarantee is a popular and affordable service, so it is chosen even by those entrepreneurs who have something to offer as collateral, since the service is financially beneficial, because the borrower does not need to arrange collateral and insurance for the pledged property at his own expense.

Receiving a subsidy for business development

Entrepreneurs belonging to the category of business people whose businesses are successful and generate income have the right to know that they can count on receiving free assistance from the state for the development of their business. Regional entrepreneurship funds are responsible for issuing subsidies, so the specific volume of injections is determined in each region separately depending on the available budget. The maximum amount is limited to 10 million rubles. It can be spent at the discretion of the business owner: renting production premises, creating new jobs, etc.

Concessional lending to small businesses

Beginning entrepreneurs who have no debt to the state, are not on the verge of bankruptcy, make payments on time under existing contracts and repay interest according to the schedule, have the right to count on a lower annual interest rate or an extended period of using the loan under the preferential lending program. Obtaining a loan for business development is carried out through SMEs in branches of partner banks, among which are:

Revival;
GenBank;
Interkommertsbank;
Loko-Bank;
Promsvyazbank;
Universal Credit;
Uralsib.

For successful accounting of individual entrepreneurs, use.

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