Small business has long been recognized worldwide as the engine of the economy. In the United States, for example, more than one third of the total market falls on such enterprises. And, of course, the state is trying to support small business entrepreneurs so that they can develop their business. So it looks ideal, but in fact in our country you should not count, and if you want to open your own business, with a high degree of probability you will have to rely only on your own strengths.
What do entrepreneurs most often take loans for?
Lending to small businesses will come to the rescue – a fairly common service that is used by those who cannot, for a number of reasons, accumulate initial capital or draw on investments from other companies.
- On transactions for the purchase of commercial real estate.
- To purchase equipment or supplies.
- To pour money into working capital if necessary.
- In order to buy vehicles or special equipment.
- To develop a separate investment project as part of their business.
- To run ads and attract customers.
It is these reasons that should be indicated if you are taking a loan from a banking institution. But often even the right choice of the purpose of lending does not give you a guarantee of obtaining borrowed funds from the bank. But you can choose an alternative option – obtaining a loan against a guarantee in a private financial company.
Do not confuse such a loan with a microloan for which a short maturity and a high interest rate are set.
Secured loans for entrepreneurs are issued in our company at a loyal rate of 1.5% per month. At the same time, you yourself can determine the period for which you need credit funds. And their amount directly depends on the property that you transfer as collateral. But the main advantages of such a loan are as follows:
- You do not need to collect documents on your own, look for an appraiser of your property, pay for his work and provide significant evidence of your solvency. We will evaluate your property and request a minimum package of documents.
- You can apply for a loan amount of up to 80% of the estimated value of your collateral.
- You can only pay interest on a monthly basis, and repay the loan body at the end of the loan term.
- We only welcome early repayment, therefore we do not establish additional commissions on it.
- If you do not have the opportunity to fulfill your loan obligations, our specialists will help you restructure the loan, take a “credit vacation” or set up a repayment schedule.
With the help of a convenient tool – a loan for business development on the security you can develop your business and increase profits on very favorable terms.