How to get a loan to an individual entrepreneur

An individual entrepreneur often needs additional financing to develop his own business. You can get borrowed funds from any bank that purposefully develops lending to small and medium-sized businesses, but the requirements for the borrower, especially when receiving large amounts, will be very high.

You will need

• - application form;

• - passport;

• - certificate of individual entrepreneur;

• - extract from the USRIP;

• - photocopy of the declaration;

• - documents confirming the financial well-being of the enterprise;

• - pledge agreement.

Instruction manual

1

Check out the offers of banks willing to finance the development of small and medium-sized businesses. To do this, you will have to read all the offers in the regional media and get acquainted with the offers by visiting the website of the credit institution. Today, banks are ready to provide large amounts of loans to individual entrepreneurs: VTB24, Baltinvenstbank, Promsvyazbank, Trust, Uralsib, Otkrytie and many others.

2

Bank requirements for the borrower may vary slightly, but the main is the confirmed solvency of an individual entrepreneur. A private enterprise must be registered for at least 6 months and bring a stable income to its owner.

3

To get a loan, fill out the application form, present a passport, certificate of an individual entrepreneur, an extract from the unified state register of individual entrepreneurs. You will also need photocopies of all documents certified by a notary.

4

To confirm your income, present a certified photocopy of the 3-NDFL declaration, a book of accounting for income and expenses, photocopies of financial contracts, a full transcript of revenue. The bank may request other documents confirming the financial well-being of your private enterprise.

5

When issuing a large loan amount, solvent guarantors may be required, who have the opportunity to present an official certificate of a unified form 2-NDFL confirming income.

6

If you do not have the opportunity to have two solvent guarantors, to ensure financial obligations you may be offered to pledge valuable property.

7

The Bank considers the application of an individual entrepreneur within 1-4 weeks, checks all the information and submitted documents, and then makes a decision on granting a loan or refusal.

how to get a loan to an individual entrepreneur