If you run your business and want to grow, you need money.The most common way - to get money in the bank, because they earn on loans and interest to give them to you.In practice, however, things are not nearly as easy as it promises a large advertising.Very often banks either refuse to issue loans for the development of business, or offer sky-high interest rates.Why is this happening?
Each application goes multi-factor test, which, in addition to the automatic analysis of creditworthiness, the level of your life, age, education, etc., can include data validation, and bank employees.If the database that is used by the bank, there is at least one non-compliance (for example, one or two of the old late payments), you can not just give up, but put in the so-called "stop-list" from which it is very difficult to get.What are the causes of failure, you are not likely to know, but, as a rule, they can be as follows:
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lack of registration documents;
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lack of collateral;
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opacity of the business;
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loan with bad credit history;
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doubts about your social security clearance;
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incomplete or misleading information;
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belonging to the business sector risk;
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zero declaration (simplified tax system, the tax on profits UTII etc.).
In some cases, banks agree to give you a loan, even if there is any non-compliance, but the installed inflated interest rate.This situation may be due to the fact that the bank is much easier once again to be safe than to delve into the details of your biography and business.
Alternative
If the bank refused the loan, you can try to apply in several banks to turn to loan brokers, non-bank credit organizations in, or try to get a loan from a private individual or entity.All of these options have both pluses and minuses:
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submit demands in several banks. If you are sure that your documents, credit history, etc.all right - it makes sense.Otherwise than in a larger number of banks you are accessing and the more is refused, the greatly reduced their chances of getting a loan for business development in principle.Your every treatment / refusal is recorded in the banking system, and all subsequent banks simply refused to forgive "by analogy" than to understand the details.
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use the services of a mortgage broker. Unfortunately, no broker you can not advance to ensure that you necessarily get the credit.Wise to use their services, if your credit history is all right, and you do not have time to understand all the intricacies of a huge number of credit offers.If you offer to make "corrections" in your documentation, it is better to refuse from such services, since it is illegal, and in some cases - a criminal offense.In any case, remember:
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brokers often you do not pick the best bank and the one with which they have some verbal "agreement", which are based on their personal financial interest;
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broker to pay (up to 5%), even if you refuse to take a bank loan approved becauseits conditions do not suit you.
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Get a loan in the non-bank credit organization. Such organizations include various pawn shops (including the outstanding loans secured by a car), as well as companies involved in microcredit.As a rule, they impose on borrowers are very few requirements, give money easily and quickly.The most significant drawback of this method of receiving the money - very high interest rates - up to 1,000% per annum, and is a direct path into debt.In addition, a very high risk of running into a scam, especially if you offer to issue a loan secured by the apartment - often do you run the risk of losing their property due to the illegal actions of "creditors".
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Get a loan from private individuals .At first glance, this is the most time-consuming way of getting money for business development, as often it is not clear where to look for such investors.However, today there are many online sites of loans, where you can find yourself investors by posting your project.
venues online loans
Such online platforms have a number of obvious advantages:
favorable rates of 15% . Unlike banks, the contract is directly between the borrower and the investor without any intermediary.
free. for placing the project on such exchanges borrowers do not pay any fees.Plus - you set the expected size of the interest rate and choose the investors.
conveniently. You save time and money, how to manage the search for an investor, you can remotely, directly from the online account in your office or home.
The only downside to the vast majority of Internet sites of loans that it can accommodate the draft absolutely everyone, and no one has a support and helps borrowers to objectively evaluate your business to make it more attractive for potential investors.As a consequence, on the one hand, it reduced the interest and confidence of those who want to invest, and borrowers are not protected from fraud or simply unscrupulous investors who can bring to you deliberately curtained requirements, taking advantage of your ignorance.
But still such platforms onlaynzaymov that having all the above benefits (interest rates on loans from 15%, the possibility of an independent choice of investors, borrowers free accommodation projects, etc.), were able to organize the process of interaction of borrowers with investors, so that heIt becomes profitable, available and completely transparent to both parties:
Reliability. All borrowers are required to attend calibration technology of the European Bank for Reconstruction and Development.Borrowers it gives the opportunity to really assess the prospects of the business, investors - guarantees of repayment and profitability of invested funds.
objective assessment.Even if you are not officially registered, your ability to pay may be determined based on the analysis of management reporting.If necessary, you can leave a specialist on site to assess the reliability of your company and the real situation.
Honesty and transparency. relationship between borrowers and investors are based exclusively within federal legislation.When making a loan contract you no one will ever offer to issue an apartment on the employee or rent a car to the parking lot.The Borrower is fully protected against unlawful acts that may harm its business and property.
Pool proven investors.The ability to get a loan is cheaper and faster.There are a large number of investors interested in investing in projects approved for publication on the Exchange online loans.With long and in most cases of repeated co-registered investors completely trust formed system of risk assessment and financial attractiveness of the project.
Summary
Internet sites offer the opportunity to get a loan for business development independently, as quickly as possible, without resorting to intermediaries and at much more favorable terms.As a result - non-bank private loans are becoming increasingly popular, since this form of relationship you do not overpay for credit risks of banks paying their office expenses Class A +, and sky-high bonuses of top managers.
