Many citizens of our country have a desire to open their own business or purchase ready-made. But this requires funds, so everything remains in dreams. A loan to buy a business 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 the entrepreneur with support in various business matters. The client can choose the direction with which he wants to work.
Conditions
Beginning businessmen should remember that getting a specialized loan is unlikely to succeed. Banks prefer to work with trusted firms with large turnover, the presence of movable and real estate.
In this case, you can get a consumer loan to buy a business. It can be secured or without collateral. 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 I get it?
You can get a loan to buy a business from Sberbank, Russian Agricultural Bank, Rosbank, Alfa Bank. But there are no targeted programs for beginning businessmen. You can only take advantage of a non-targeted loan. To increase the amount of the loan, you must provide a guarantee or guarantee.
At each lending institution, the conditions for granting loans and the principles for processing may differ. You can familiarize yourself with them on the official website or at a bank branch.
Sberbank
A loan for the purchase of a ready-made business is issued at Sberbank. At the same time, customers are offered several options:
- Secured by real estate in the amount of 10 million rubles, the rate starts from 15.5%. Duration of lending 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 up to 60 months.
"VTB 24"
A loan for the purchase of a business at VTB24 is granted for 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 take 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 necessary documentation.
- Agree on the details of the loan conditions.
- Sign all documents - loan agreement, surety agreement, pledge agreement, etc.
- Receive cash or bank account.
To get a loan, you need to prepare financial statements or a business plan. Many financial institutions require precisely these documents. Only when there is all the necessary documentation, the bank will consider the application.
No down payment
If an individual draws up a loan for the purchase of a business, then usually there is no down payment. This applies to cash loans. The following institutions provide loans without down payment:
- Sberbank - under guarantee at a rate of 14.5% for 400 thousand rubles;
- Russian Agricultural Bank - with collateral at 21.5% per 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 have the following requirements for customers:
- Citizenship of the Russian Federation.
- Check in.
- Positive credit standing.
- Solvency.
- The presence of liquid assets.
If a borrower is an entrepreneur who wants to buy a business, he needs to provide documentation on cash flows for a long time - at least six months.
Documents
A loan to buy a business against a business security is issued after the client provides the following documents:
- Application form.
- Passports of participants (borrower and guarantors).
- Military ID.
- Confirmation of solvency (e.g., statement of profit).
- The document on the property right to property.
Some credit organizations require the provision of documentation on education, place of work, a certificate of family composition. If the borrower is an entrepreneur, then he needs to prepare papers on his activities.
Bets
Interest is assigned for each client individually. This is done after the inspector is familiarized 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.
Amount
The loan amount is determined depending on the income of the client and the program. For example, if you arrange loans secured by real estate, the amount can reach 10 million rubles, and without collateral issued up to 1 million rubles.
If the application is submitted by an entrepreneur, the amount will be higher compared to consumer lending. But to take such loans is difficult, because in this case, banks have more stringent requirements.
The timing
The type of loan affects the lending time:
- consumer guaranteed - 60 months;
- secured by real estate - up to 20 years;
- for PI - 36 months.
The borrower can pay the loan ahead of schedule or pay a large amount to repay. And in this case there will be no fines.
Payment methods
Repayment of debt can occur in the following ways:
- Non-cash method: from account to account.
- Cash: through the cashier.
If a consumer loan is issued, then other options may apply. Payment is possible through mail, terminal, ATM. Depending on the terms of the contract, payment may occur in equal or differentiated parts. If the repayment of the debt is not timely, a penalty is charged and the credit rating of the client is reduced.
Advantages and disadvantages
The advantage of such loans is the opportunity to start doing their 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 inappropriate small loans at once in several banks. This will cost more, but will increase the client's chances of getting a loan, since many financial institutions do not even consider the business plans of novice businessmen, which is associated with the risk of loan defaults.
Do I need to take such a loan?
When applying for a loan, you should consider some of the nuances:
- The Bank pledges property whose price is not less than the cost of the business. In case of bankruptcy, the collateral is taken and sold at the price of the debt, but in reality the property is more expensive.
- It is proposed to issue a loan for 5-7 years, and interest rates are recounted every year, which is inevitable. It turns out that it is immediately impossible to calculate the overpayment.
- Acquired business may not be profitable. For example, there are no professionals for work, as well as customers. These problems are resolved for a long time, while the debt still needs to be repaid.
- There are debt obligations that cannot be identified even by the auditor. Care must be taken in acquiring a business so as not to pay anyone's debts.
If there is no money to buy a business, but there is a quality plan, then you should try to contact the bank to get the money. It is necessary to act confidently, but at the same time not to overestimate your strength. If you choose a popular type of business, then it expects successful development.