To start your own business is the desire of many citizens of our country. And successful business development is the dream of any entrepreneur.
But often it happens that prosperity requires investment. And for beginners, a loan is sometimes simply necessary. After all, money is needed for renting a room, purchasing goods, if we are talking about trade enterprises, salaries for employees, and much, much more. Not every person has the required amount, so you have to look for sources of financing. Many banks promise assistance to entrepreneurs, but try to figure out how real it is.
Indeed, a young business can get financing, but in most cases there are a number of restrictions:
- A loan to start-up entrepreneurs is granted only on the security of property. Banks can be understood. The risk when opening a new business is very high, there is a high probability of ruin and, consequently, default on debt. Credit departments try to protect themselves and take property that can be quickly sold as collateral. But a novice businessman may simply not own any property.
- An alternative to a pledge may be a surety. However, his financial condition must be such that he can repay the debt in the event of an unforeseen situation. Thus, the surety is already at risk, and it is far from always possible to find a person who is ready to take such a step.
- As a rule, bank loan experts give preference to those companies that have already successfully operated in the market for at least six months. Under this condition, a loan to a novice entrepreneur to start a business cannot be obtained.
- If banks are eager to meet successfully developing companies, lowering interest rates, softening conditions, then newly opened enterprises are faced with immeasurably high interest on loans and stringent requirements.
- The maximum loan amount is much lower than for experienced entrepreneurs. In the best case, it will be possible to get no more than three million rubles.
Analyzing all of the above, we can understand that it is very, very difficult to get a loan to beginning entrepreneurs. And all the talk about helping young business is just a waste of words.
Of course, in fairness it is worth noting that the situation is still not entirely tragic. The new owner of the enterprise will have to go around a lot of banks, listen to a lot of failures, but after a long "heaving" he will still succeed if he has the proper perseverance.
Recently, a number of credit organizations are ready to provide loans to novice entrepreneurs on more loyal terms. This may include the lack of collateral and guarantors, the lack of a business threshold, which is so important at the very beginning of the journey. It is possible to obtain a similar loan to an individual. The bank is guided by the fact that the entrepreneur is interested in developing his own business, that he will do everything in order to avoid ruin, and therefore the borrowed funds will return to the credit institution. Of course, interest rates will still be quite high, but it's still better than not getting anything at all and saying goodbye to the dream of your own business.
