Finance, Loans
What is lending to legal entities?
Sources of additional funding, which includes loans to legal entities, it is difficult to overestimate. And not only in crisis periods. The need for additional financial injections sooner or later can arise in any enterprise or organization.
Currently, lending to legal entities in Sberbank (as well as in any other financial institution) can be carried out in two versions: either it is a one-time provision of the required amount, or - a credit line. The essence of the latter is that the total amount of borrowed funds is not spent immediately, but gradually. Depending on how the balance is formed on it, the line can be renewable and non-renewable.
In some cases, the lending of legal entities by commercial banks implies the issuance of so-called sectoral loans. Here it is a matter of changing the conditions for issuing funds depending on the sphere in which the borrower operates.
In addition, it is impossible not to recall such a service (quite popular), as an overdraft. It is a credit limit of urgent type, which an enterprise or organization can use at any time.
Features of the procedure for obtaining
Of course, lending to legal entities has its own characteristics and is carried out in a certain order. If there is a need for money, then the company must perform specific actions.
First, you need to provide a lot of various papers to the bank. Most often they include legal documents, a borrower's questionnaire, financial statements for the period indicated by the creditor, as well as a request for a certain amount of money.
Secondly, lending to legal entities implies drawing up a business plan that covers the entire period of using funds that are borrowed.
Thirdly, you need to be able to offer collateral for your obligations, which would satisfy the financial institution. As a pledge, fixed assets, movable (transport) or immovable property objects can act. The main thing is that they are not unexpectedly claimed by their third parties.
Strictly speaking, lending to legal entities takes place according to the usual scheme. The submitted documents are considered by the Credit Committee, which makes a decision on the appropriateness of issuing / not issuing a loan. It also initiates its provision on preferential terms, if the entity that has applied is (or can be referred to) the category of VIP clients.
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