We all know how hard it is to obtain finance banking, although we have a good project that is just waiting the stamp of the bank. However, it is not that easy to obtain finance banking, as the banks are hardly convinced to give credits. In our harsh times, we often see a huge corporation bankrupt. This is why the banks have serious circumspections in giving credit to the small companies. However, if you have a good business plan with serious chances of being successful, the bank has no reason to refuse you.
Obtaining finance banking
We don’t say that the small enterprises have no chances of succeeding, but we must approve that experience makes you stronger, especially compared with the beginners. However, the state is willing to offer some support to the medium companies, and the banks are willing to give credits as long as the state guarantees it.
Farming and constructions are some of the areas where the government is willing to intervene. The banks will analyze projects of this kind with the authorities, and if they all approve you have a good plan, you will get the money. On the other hand, elaborating such a successful plan is not that easy, especially if you are not advised by specialists.
You will need to pay a specialized company to create the plan for you. You will have two options to pay for the services of that company: whether you pay a fixed sum at the beginning, but you will risk for the plan not to be approved, or you could agree with a certain percentage of the sum in case the project is approved. The second option is costly, but at least you are sure you won’t have to pay anything in case the project fails.
The banks usually have all the details about the finance banking options stated on their sites. The micro financing options are sustained by the government; you could sometimes obtain more than 30 000 dollars. On the other hand, you will also need to come up with some money, and we are sometimes talking about 25 % from the sum.
You will have to pay the money even before the analyzing process would start, and the money will be blocked as long as the specialists are analyzing your process. A great idea is to finance your business completely from external sources, such as getting 25 % of the sum from the bank, and the rest 75 % from a governmental program. However, those projects are rarely approved and you will need to come with a great idea to be accepted.
Tips and comments:
So, start browsing the bank websites for those offers. Try to find a financing option that suits your needs, find a great company to develop your plan and propose it to the bank. If the authorities and the bank staff agree you have a good project, you will get your money in 1-2 months, so you could already think about growing it and making it big.
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