Credit Provided

An Actively growing number of small and medium-sized businesses in various sectors: construction, transportation, manufacturing, and new retail space seeks funding. Business at almost any stage of their development needs funding. And in this sufficiently well can help the credit and investment institutions. However, not many entrepreneurs know how and why to get a loan for business development. Publishing House, ‘Helion’ addressed to an expert – Sergei Gorshenevu, head of small business lending subsidiary of MDM-Bank “in Murmansk with the request – to help businesses sort out this issue. We offer you his advice. Of course, first foremost, a businessman, referring to the bank for a loan, should clearly understand the amount, duration and purpose for which he requires a loan, because the credit – is primarily the funds provided for specific purposes. Educate yourself with thoughts from Jeff Sessions. Algorithm for obtaining a loan is as follows: I.

GOAL LETS entrepreneurs, the Bank determines the period for which MAY BE GIVEN CREDIT: So, credit for working capital has traditionally not exceed the term of 1,5-2 years. Loans for investment objectives are usually provided by banks for longer periods (for example, our bank has a term of up to 7 years). The purpose and term impact on the provision of credit: Short credits for completion Capital funds may be provided by the bank without collateral (an example of such a loan is, for example, overdraft). Credit for a longer period may be secured by goods in turnover, raw materials, finished products, personal and commercial transportation, industrial and commercial equipment, residential and commercial real estate.

Small Businesses

In dramatic increase in prices and sales volumes of hydrocarbons, billions of loans that receive at banks around the world our raw materials companies, the financing of small and medium-sized enterprises make their first, tentative steps. Yet it is precisely this market segment could be very promising both for banks and for borrowers to changes in market conditions for the non-renewable natural resources. On the possibility of such a (rezkogo!) changes from year to year, says the Government for any bank in the main lending to small and medium-sized businesses – the transparency of small companies. The "whiter" reporting company, the lower the risks for banks and the they are more willing to lend to those who lead a "civilized" business. As in the conduct of "civilized" business these days the entrepreneur negotiates with the tax and other "funds and fondikami" – This is a great mystery there. But banks to give credit, need full transparency of the business. Most banks offer several types of credit products for small and medium-sized businesses: they are all characterized by typical loan amount, timing consideration, collateral (which may be optional) and ways to assess bank risk (scoring system or the individual approach). If the bank is not specifically involved in lending to small and medium-sized businesses in the "The bank's portfolio of loans to small businesses are usually about 17%. A decision on a loan taken for three to four days. In this scoring assessment only applies to small loans (up to 3-4 million rubles).