For today without attraction of borrowed funds from investors or banks, it is almost impossible to perform the big business project. But to obtain the credit during crisis time it is not too simple.
Problematical character of reception of credits consists in that many credits don’t come back. In this connection, banks for provision of the guarantees accept severe measures on provision of return of proceeds of credit. Turning point at credit granting is availability of competently constituted business plan.
The Business plan carries out various functions:
- It is used for construction of strategy of business at the initial stage of creation of the enterprise and creation of new types of activity;
- Attraction of financial resources;
- Attraction of potential investors and partners which can enclose the technologies and means for the certain period, creation of cooperation management enterprises.
Addressing for the credit in bank, it is necessary to foreknow that the enterprise necessarily should have the business plan for credit reception. The bank should see visually generalized financial and economic aspects of activity of the enterprise, requirement of the enterprise for financing, prospect of its development, time necessary for a project recoupment, a constant monetary flow, and profitability of the enterprise and how the credit will be extinguished. That is, for bank the confidence is important that borrowed funds will go particularly on enterprise development, will make for it profit and warrants profit to bank at the expense of the added commission percent.
The Business plan for credit reception is constituted differently, than the business plan intended for the analysis and prospect of development of the enterprise and that business plan which is intended for attraction of investors. It is possible to explain it to that the technical moments of the enterprise aren’t interesting to bank, the details of the business plan which do not have any value to financial activity, to them the scheme of business dealing is important.
Especially the bank is interested in availability of serious, liquid pledge or guarantors. It is important also that debit and accounts were payable, and whether there are at the enterprise overdue obligations.
Drawing up of the business plan for credit reception.
Constituting the business plan for credit reception, it is necessary to estimate soberly possibilities, resources, and demand for your offer. Describing expected profit and necessary borrowed funds with you should be frank and divide expectations into two.
Think over well weak places of the project and risks which can arise at project implementation, such as a fire, natural disasters, accident, and illegal actions of foreign persons, falling of sales in connection with reduction in demand, default on obligations by suppliers, inflation, and a sharp rise in price of raw. It is necessary to think over as well measures, on reduction of these risks.
Unjustified expectations, weak marketing strategy and revaluation of reception of the future profit, can lead to pitiable results.
It is very important to consider at drawing up of the business plan for reception of the credit a ratio of credit periods with a turnover rate of commodity operations. An important detail reflected in the business plan is the analysis of a political and economic situation of district where enterprise activity is planned.
Drawing up of the business plan for credit reception is the labor-consuming and laborious work, demanding time and abilities. If you don’t have experience in drawing up of business plans, address to experience of those who already constituted such plans, familiarize with samples of ready business plans, use technical programs.
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