How to get a loan for starting a business
Video: How to Get Small Business Loan for Startup 2024, July
The current market situation contributes little to the development of small and medium businesses. From high stands a lot is said about his support, but it turns out that opening an owl business in Russia is a rather troublesome and costly process. What will a budding entrepreneur need to start a business?
Instruction manual
1
Create a business plan for your future venture. Before you start drafting, conduct a marketing analysis of the opportunities for opening your business. Describe in detail all the advantages of your business, make a competent estimate of the costs of opening it. If possible, involve specialists and experts in the work on the plan in order to subsequently increase your chances of obtaining a loan.
2
Register your individual entrepreneur or LLC with your local tax office.
3
To register an IP, you will need the following documents and / or their certified copies:
- an application for the issuance of a certificate of registration;
- passport and TIN;
- certificate of marriage;
- information about the bank account (if necessary).
Based on the certificate, your company will be assigned OKVED codes. Register the seal of the enterprise in MCI.
4
If you want to register an LLC, you will need to submit the following documents confirming your right to register:
- statement;
- constituent documents of the enterprise (charter, foundation agreement, information on officials);
- copies of passports, TIN and declarations of income of officials and copies of documents attesting to their qualifications;
- information about the bank account.
Get a certificate of registration. Get the OKPO codes and register the seal in the MCI.
5
In order for the bank to give you a loan to start a business, submit the following documents:
- statement;
- certified copies of all documents (passport, TIN, certificate of registration of IP or LLC, extract from the USRIP / Unified State Register of Legal Entities);
- business plan of the enterprise.
6
In full accordance with the terms of the loan, provide the bank with certificates and guarantees to secure a loan. This can be a 2-personal income tax certificate (if you work), an apartment or a car, a guarantee of an individual. The surety will have to provide a statement of income or a certificate of ownership of any property. But when applying for a pledge of real estate, you should remember that you will have to pay interest not only on a business loan, but pay for the use of the mortgaged property.
7
If you already have a profitable business, this will make it easier for you to get a loan.
8
If the bank has reasonably refused to grant you a loan, contact your local Enterprise Development Center or private investors, providing them with all the necessary documents. But get ready for the fact that interest rates in this case will be higher than at the bank.
