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When starting a business, some people prefer to borrow business loan. This is not surprising: business requires a lot of expenses. At the beginning, you should count on the need to invest funds. The most profitable option is taking out a loan. But what are the types of loans for business?
Registration of guarantees.
A bank guarantee is when the bank pays the amount, and the second legal entity owes the organization. At the same time, according to the law, only a legal entity can pay.
The process and participants of the bank guarantee.
Legal entity. Naturally, the one who needs bank insurance. Also a beneficiary, speaking in legal language.
Bank debtor. The person who will later pay the bank's funds. He is the principal.
Company. A bank or other organization from this industry that has a license to carry out these operations is a guarantor.
1. According to the contract.
The bank transfers the funds to the beneficiary, and after some time the principal pays off the bank's debt.
2. First payment.
The guarantor pays a sum of money to the beneficiary after the first payment of the principal.
3. Refund of the first payment.
The principal's funds for the advance are returned.
And others.
Investment credits.
An investment loan is a loan for the purchase of new equipment or the improvement of an old one.
Views:
Annuity - With this method, the monthly fee is negotiated in advance and cannot be changed.
Individual – interest is paid every month, and debt repayment is negotiated with the bank.
Percentages separately. The borrower repays the interest and the debt separately from each other.
Leasing
Leasing is the possibility of buying used property in the future, taking into account already paid funds. It is most profitable to use the service if you need to buy some equipment.
Leasing process and participants:
Lessee. A person who can use the object under leasing conditions.
Lessor The person who provides the service to the lessee.
Insurer A person engaged in business insurance.
The supplier A person who provides property for leasing.
The benefit of leasing over a conventional loan:
1. Tax reduction.
2. Shorter term. Leasing is much faster to pay than a regular loan.
3. Value added tax is optimized on legal grounds.
