general business credit

general business credit

Some time ago, lending to small and medium businesses was limited to a few sentences. The main reasons for this can not be called a well-developed banking system, and the fact that since the crisis consumer products manufacturer gave an intermediary for the implementation of (general business credit).
Currently, many banks offer loans for small and medium business development, and in most cases under the guarantee of the Director General.



Why loan bail general business credit?

Most businesses classified as small and medium businesses are organized as a limited liability company or an individual entrepreneur. And CEO is the only predominantly party and, therefore, the owner of the business, which is why the general business credit as a guarantor looks most convincing.
How to get a loan to the Director General?

Of course, there are cases where the Director-General of employees and then before getting a loan is necessary to see what is written about it in the Charter of the enterprise. Yet for evaluating the chances to get a loan in the first place should contact the general business credit of the bank where the company opened an account. If the bank, which is served by your company, not the practice of issuing loans for business, then you have to go to the bank to do it.
As an additional safety net makes sense to consider an option when the Director-General himself personally prepares consumer general business credit to invest in business development. But this approach also has the downside associated with the fact that when you make a consumer loan the borrower signs the commitment that the loan is aimed at personal use and not for business.
What is needed to get general business credit?

So you found a bank that is willing to grant the loan and CEO as an individual acting as a guarantor. To start the bank will offer enterprise open a checking account and prepare the package of documents, including financial statements of the will of your company in the last reporting period. Bank loan officer will help to apply for loan processing and the package of documents to give a final decision on a loan. After approval of the loan you will be invited to the bank to sign the loan agreement and the contract of guarantee.