How Do I Get a Loan to Start a Business?

A business loan refers to a special type of loan issued by an individual who has certain production and operation capabilities or has been engaged in production and operation, and has submitted an application for funding requirements for business start-up or re-business start-up.

Business loan

Start-up loans are mainly incentive loans for college students and individuals in the region. Generally lower interest rates. .

Business loan is different from the current

There are three main ways to choose a business loan. Entrepreneurs can choose a business loan that suits them.

Proof of identity and place of business

The loan applicant must have a valid and valid identity certificate, proof of legal residence in the location of the loan bank, and a fixed residence or place of business. The certificate of fixed residence can be the real estate certificate (the real estate certificate of the parent's name is also acceptable). The certificate of the business place should hold the business license issued by the industrial and commercial administration and the business license of the relevant industry, indicating that it is engaged in normal business.

Prepare materials

These materials include proof of identity, proof of marital status, proof of repayment ability such as personal or family income and property status;

File Application Prepare Documents (attached

After the completion of the above procedures, the company officially notified the disbursement of the loan.

Whether your loan application will pass depends on the company's review

The company's standard requirements for borrowers:

1,

The People's Bank of China has decided to reduce the RMB deposits and loans of financial institutions since June 8, 2012

Lender:

address:--------------------

Postcode: _____________ Phone: -----_____ Borrower: Bank Account Number: __________________

address:____________________________________________________

Postcode: ____________________ Phone: ________________________________

according to"

Maintain social stability

The impact and challenges brought by China's entry into the WTO and the global economic downturn on China's economy and employment issues may further increase the size of the urban poor. The four CPPCC members who participated in the fifth session of the Ninth CPPCC National Committee called for the increasing number of poor people in cities and towns. Their lives were difficult and their attitudes were very unbalanced. As a result, there were more and more mass incidents. Visible town

(1) The government should support innovation in the financial sector

How to make reasonable use of business loans

According to the regulations of the financial supervision department, each bank can increase or decrease the loan interest rate within a certain range when issuing commercial loans. For example, the loan interest rate of many local banks can rise by 30%. In fact, when you go to the bank for loans, you go to the market to buy things.

Relatively speaking, the loan interest rate of state-owned commercial banks is lower, but the procedures are stricter. If your loan procedures are complete, in order to save financing costs, you can use personal "inquiry and bidding" methods to compare the loan interest rates of banks and other additional charges, and choose a bank with a lower cost for credit, pledge, or guarantee. loan.

Appropriate appropriation of home loans can also start a business

If you have the intention to buy a house, and you have a sufficient amount of money to buy a house, then you can "appropriate" this money to start a business, and then apply for a mortgage loan from the bank when buying a house.

Housing loans are the lowest interest rate of commercial loans. For example, the annual interest rate of a housing loan within 5 years is 4.77%, while the average annual interest rate of a commercial loan from 3 to 5 years is 5.58%. low. If the entrepreneur has already bought a house, he can also use the existing house as a general commercial loan. This kind of loan is not limited in use and can be used as a startup capital.

Careful choice of reasonable loan term

Bank loans are generally divided into short-term loans and medium- and long-term loans. The longer the loan term, the higher the interest rate. If the entrepreneur's capital use time is not too long, short-term loans should be selected as much as possible. For example, if you intend to apply for a two-year loan, you can get one loan a year, which can save interest expenses.

In addition, start-up financing should also pay attention to the trend of interest rates. If the trend of interest rates rises, you should rush to apply for loans before raising interest rates; if the trend of interest rates declines, if the demand for funds is not urgent, you should suspend the application of loans and wait until the interest rate is reduced Apply at the right time.

Use good policies to enjoy low-interest government treatment

Start-up loans are a new business launched by banks. Individuals who have certain production and operation capabilities or have been engaged in production and business activities may apply for special start-up loans to banks that run this business because of the need for starting a business or re-starting a business. Business loan

How to apply for a business loan to reduce costs and reduce costs?

1. Select the right loan bank

The interest rates of each bank's loans are not the same. For different loan rates, borrowers should "shop around." For example, in the issuance of pledged loans, some banks increase the national benchmark interest rate by another 30%, while others only implement the benchmark interest rate. Borrowers should abandon the former "interest rate" and take the latter to save interest.

2. Optimize loan methods

At present, there are several types of loans operated by financial institutions including credit, guarantee, mortgage and pledge. In the process of borrowing from financial institutions, entrepreneurial loan applicants need to pay attention to and understand the interest rate spread under different loan methods. Loans with the lowest interest rates currently are pledged loans and discounted bills. If personal conditions permit, these loans with lower interest rates should be locked.

3. Screening loan terms

Because the time required by the borrower to predict the funding requirements and the term of the loan contract that is not signed often do not match the time point of the specified loan interest rate, in practice, various term loan interest rate differences naturally occur. When the loan term is selected between two loan term interest rates, especially if the signed term exceeds the next level of interest rate, the shorter the time point and the longer the time from the previous level of interest rate, the loan The greater the interest expense on the loan borne by the investor.

4. Be cautious about signing loan agreements

Due to the lack of awareness of financing and financial management of some enterprises, and the signing of loan agreements is arbitrary, they often artificially cause "fee and interest" during the loan process. The more common are the following two:

(1) Withholding interest loans. That is to say, in order to ensure that the loan interest is in place, some financial institutions often withhold the entire interest from the principal of the loan when issuing the loan. Because this method reduces the available borrowing funds for the enterprise, the actual borrowing interest borne by the enterprise is correspondingly higher than the agreement interest rate signed by it, which objectively increases the financing cost of the borrowing enterprise.

(2) Loan on balance of retained deposit. That is, when an enterprise obtains a loan from a bank, the bank requires it to retain a portion of the loan principal and deposit it into the bank's account to restrict the repayment of the principal and interest of the loan as scheduled. However, as far as the enterprise is concerned, because the borrowing principal has not been reduced,

The difference between a business loan and a microloan

1. Different application groups

Start-up loans are applicable to individuals who have certain production and operation capabilities or have been engaged in production and operation activities, and have applied for funding requirements for starting or re-starting a business. Micro-loans are applicable to natural persons who have the ability to repay without a bad record of income.

2. Different application conditions

The conditions for applying for a business loan must be:

(1) Have full civil capacity and be under 50 years of age.

(2) Hold the industrial and commercial business license, tax registration certificate and related industry business license issued by the industrial and commercial administrative authority.

(3) Engage in legitimate production and operation activities. The project has development potential or market competitiveness, and has the ability to repay the principal and interest of the loan on schedule.

(4) Good credit standing, observance of laws and regulations, no bad credit and debt records, and can provide mortgages, pledges or guarantees recognized by banks.

(5) There is a fixed residence and business place in the agency.

(6) Open a settlement account with the bank and conduct daily settlement through the bank account.

(7) Other conditions stipulated by the bank.

The conditions for applying for a small loan are:

(1) Have a proper occupation and a stable source of income (monthly wage income must be above 1,000 yuan), and have the ability to repay the principal and interest of the loan on schedule;

(2) The unit where the borrower is located must be an administrative, enterprise, or public institution that is approved by the bank and has a good cooperative relationship with the bank, and the bank must pay the salary on its behalf;

(3) Compliance with laws and regulations, no illegal acts and bad records;

(4) Open a personal settlement account with Industrial and Commercial Bank of China and agree to the bank to deduct the principal and interest of the loan from its designated personal settlement account;

(5) Other conditions stipulated by the bank.

3. Different preferential policies

Start-up loans are generally entitled to bank discounts for several years. At the same time, according to relevant documents, university graduates are allowed to start their own businesses (excluding state-restricted industries), and the property tax and urban land use tax are reduced by half in the initial period (within 2 years).