Many citizens of our country have a desire to open their own business or purchase a ready-made one. But this requires funds, so everything remains in dreams. A business loan is great for these purposes. Just keep in mind that some difficulties may arise. This is due to the reluctance of banks to lend to individuals who are new to the business.
An interesting option for acquiring a ready-made business is considered a franchise program. The bank provides money for the development of a network of a well-known brand. The owner of the trademark provides support to the entrepreneur in various business matters. The client can choose the direction with which he wants to work.
Terms
Novice businessmen should remember that it is unlikely that they will be able to get a specialized loan. Banks prefer to work with proven companies with large turnover, the presence of movable and immovable property.
In this case, you can apply for a consumer loan to purchase a business. It can be secured or unsecured. Such loans are issued for a period of 5-7 years, and the rate is set individually. The amount is determined by the solvency of the borrower and collateral.
Where can you get it?
You can get a loan to buy a business at Sberbank, Rosselkhozbank, Rosbank, Alfa Bank. But there are no targeted programs for beginner businessmen. You can only use non-targeted loans. To increase the loan amount, you must provide a pledge or guarantee.
Each credit institution may differ in terms of loans, the principles of registration. You can get acquainted with them on the official website or at the bank branch.
Sberbank
A loan for the purchase of a ready-made business is issued at Sberbank. In this case, customers are offered several options:
- On the security of real estate in the amount of 10 million rubles, the rate starts from 15.5%. The loan duration is 20 years.
- With a guarantee of an individual in the amount of 3 million rubles at a rate of 16.5%. The loan term is a maximum of 60 months.
- Without collateral and guarantors in the amount of 1.5 million rubles at a rate of 17.5%, the contract is drawn up for a period of up to 60 months.
"VTB 24"
A loan for the purchase of a business in VTB24 is provided for a period of up to 5 years. You can get up to 3 million rubles. Rates are determined by the program chosen by the borrower, but usually they are in the range of 17-19% per annum.
Design features
To get a loan to buy a business, you must go through the following steps:
- Submit an application form.
- Wait for the decision of the credit committee.
- Provide the required documentation.
- Agree details on the terms of the loan.
- Sign all documents - loan agreement, guarantee agreement, pledge agreement, etc.
- Receive funds in cash or to a bank account.
To get a loan, you need to prepare financial statements or a business plan. Many financial institutions require these documents. Only when there is all the necessary documentation, the bank will consider the application.
No first payment
If an individual applies for a loan for the purchase of a business, then usually there is no down payment. This applies to consumer loans that are issued in cash. The following institutions provide loans without a down payment:
- Sberbank - under guarantee at a rate of 14.5% for 400 thousand rubles;
- "Rosselkhozbank" - secured at 21.5% for 1 million rubles;
- "MDM" - at 27% per annum for 3 million rubles.
Requirements
What do you need to get a loan to buy an existing business? Banks impose the following requirements on their customers:
- Citizenship of the Russian Federation.
- Registration.
- Positive credit reputation.
- Solvency.
- Availability of liquid assets.
If an entrepreneur who wants to buy a business is considered a borrower, he needs to provide documentation of cash flows for a long time - at least six months.
The documents
A loan for the purchase of a business secured by a business is issued after the client provides the following documents:
- Application form.
- Passports of participants (borrower and guarantors).
- Military ID.
- Proof of solvency (for example, income statement).
- Document of ownership of property.
Some credit organizations require the provision of documentation on education, place of work, information about family composition. If the borrower is an entrepreneur, then he needs to prepare papers about his activities.
Rates
Percentages are assigned for each client individually. This is done after familiarizing the inspector with his income, property. The terms and amount of the loan are also taken into account.
If the borrower is an entrepreneur, then the company's turnover, income, period of work are taken into account. Modern banks approve rates in the range of 14.4-15.5% per annum.
Sum
The loan amount is determined depending on the income of the client and the program. For example, if you issue loans secured by real estate, then the amount can reach 10 million rubles, and without collateral, up to 1 million rubles are issued.
If an entrepreneur submits an application, the amount will be higher compared to consumer lending. But it is difficult to take such loans, because in this case, banks impose more stringent requirements.
Timing
The type of loan affects the loan time:
- consumer under surety - 60 months;
- secured by real estate - up to 20 years;
- for individual entrepreneurs - 36 months.
The borrower can pay off the loan ahead of schedule or deposit a large amount for repayment. And there will be no penalties.
Payment Methods
Debt repayment can be done in the following ways:
- By non-cash method: from account to account.
- Cash: through the cashier.
If a consumer loan is issued, other options may apply. You can pay through the post office, terminal, ATM. Depending on the terms of the contract, payment can be made in equal or differentiated installments. If the debt is not repaid on time, then a penalty is charged and the client's credit rating is reduced.
Advantages and disadvantages
The advantage of such loans is the opportunity to start your own business or expand an existing business. Borrowers can choose a profitable program if they familiarize themselves with the conditions of several banks.
But at the same time, you can get a couple of non-purpose small loans at once in several banks. This will cost more, but will increase the client's chances of obtaining a loan, since many financial institutions do not even consider the business plans of novice businessmen, which is associated with the risks of loan default.
Is it necessary to take such a loan?
There are a few things to keep in mind when applying for a loan:
- The bank takes as collateral property, the price of which is not less than the value of the business. In bankruptcy, collateral is taken and sold at the price of the debt, but in reality, the property is worth more.
- It is proposed to issue a loan for 5-7 years, and the rates are recalculated every year, which is inevitable. It turns out that it is impossible to immediately calculate the overpayment.
- The acquired business may not be profitable. For example, there are no professionals to work with, as well as clients. These problems are solved for a long time, while the debt still needs to be repaid.
- There are debt obligations that cannot be identified even by an auditor. It is necessary to carefully consider the acquisition of a business in order not to pay someone's debts.
If there are no funds to acquire a business, but there is a quality plan, then you should try to contact the bank to receive money. It is necessary to act confidently, but at the same time not to overestimate your strength. If you choose the type of business that is in demand, then successful development awaits it.
