Among variety of packets of crediting banks offer the clients and such category of credit as an acquisition loan of fixed assets. The requirement for this loan, as a rule, arises at many enterprises and private businessmen. Its essence consists in that the bank lends money to juridical persons for such needs as increase in scales of production, replenishment of resources (human, production), and also policy conducting on struggle against competitors developing with great strides.
Realization of all these measures demands considerable financial investments which are always kindly ready to borrow many bank companies. On money funds of the given loan the client has the right to get motor transport, the ground areas under building of storage facilities, office to premises, specialized or office technics, to conduct an advertising campaign and other marketing actions.
For reception of an acquisition loan of fixed assets the client is obliged to give impressive enough packet of documents (the questionnaire under the bank form, the request for credit granting, the inquiry on property which will be given in pledge, the accounting records, licenses, certificates on main activity realization, the tax declaration, the documents confirming an ownership right or leases occupied premises (the agreement, waybills, the ownership right certificate, acts), statements from serving bank for the required period, etc.)
The mandatory condition at filing of application is availability of pledge at the client (it can be as real estate, motor transport, the goods implemented by the enterprise, and new assets which will be bought at reception of money funds under the credit). Also the bank mandatory condition is absence of negative credit history at the client.
As a rule, the request on an acquisition loan of fixed assets is considered by Credit committee of bank within 7 working days. If the accompanying documentation of the borrower conforms to requirements of bank company and its income for last 12 months have acceptable level the question on credit issue will be positively solved. The majority of the banks the acquisition loan of fixed assets stands out for the term from 6 months till 5 years.
Interest rates vary at each bank company (from 10 % and above). The credit can be given out in dollars, euro for the sum from several tens thousand to several honeycombs millions dollars. Depending on wishes of the client crediting can be performed in the form of a single funds release or opening of a long-term credit line. The commission is obligatory at credit issue. Debt settlement by the client is produced by monthly payments of the sums in advance stipulated by bank.
Penalties and a penalty fee under the credit for late payments constitutes 0,1 % from an outstanding amount per every day of delay. The acquisition loan of fixed assets is an original lifesaver for businessmen whom it is necessary to optimize quickly in the conditions of rigid competitive struggle the production and to increase profit, without having sufficient money funds on hands. Banks in turn improve every year conditions of issue of the credit, reduce interest rates, do its more accessible for a wide range of clients, promoting thus to development of small and average business.
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