Tag Archives: finance

Small Business Lending

On the wave of the crisis, many entrepreneurs interested in what way, as soon as possible and with minimal cost, to support their business. If this has piqued your curiosity, check out www.coze.com. Many turned to the possibility of bank lending. Turning to the bank entrepreneur before encountered difficulties in the form of various checks, collection of documents and search for liens. But today, a time of crisis has complicated the procedure of obtaining a bank loan. Output to become an entrepreneur city programs to support small businesses that can make life easier for future borrowers. As you know, one of the most common obstacles to obtaining credit is the lack of collateral. For Entrepreneurs St. Petersburg this problem helps to solve the Foundation for Assistance to Small Business Lending.

The Fund has already been concluded 260 contracts guarantees totaling $ 1,006 million rubles, which would allow small companies to St. Petersburg to attract 1,879 million rubles borrowed funds. The process of obtaining warranty is very simple: the entrepreneur's enough to turn the bank has entered into an agreement with the Fund, and express their desire to use the warranty. The list of banks that are constantly widening can be found at the Foundation's website -. After a positive decision on granting a loan the bank sends a request to the Fund on the design of surety. Application pendency period – a maximum of 3 days. In case of acceptance positive solution is a tripartite agreement of guarantee, and entrepreneur gets credit money into your bank account.

It should immediately be stipulated that the guarantee fund shall be issued for though not large, but the rewards – 1,75% of the amount of surety. Subsequently, a significant portion – 90% of the Fund's fees may be recovered through participation in the special program "lending by commercial banks to Small Business. " In addition to the compensation fee fund a special program to compensate up to 90% of the amount of interest paid to bank for a loan. Using the program of the Fund and special program you can greatly reduce their spending on credit.

Now Mortgage

If your home is a new building, the increase in your home’s value will be very serious. The math? 1.5 * 0.4 = 0.6 million rubles per year. Over 10 years: 0,6 * 10 = 6 million rubles. ” Now let us compare costs with the addition of value: 6-3,45 = 2.55 mln. Now we think we dispelled the myth of the expensive, because in reality, the mortgage – a profitable investment! Besides all these years you will live in his apartment, and will not pay the rent housing.

And, as opposed to the first misconception, is a polar view of the group of people: the mortgage – it is very affordable. Take it – and enjoy the benefits of free money! We hasten to call to your mind when you are fan of the idea. Before taking a mortgage, is to weigh all the pros and cons to think about their financial position for the duration of the loan repayment. Calculate it yourself! Do this several times, and then you will understand if you can pull the mortgage interest. There is another popular misconception, which is based on “awareness” of people that soon the mortgage will be very cheap. One has only to wait, and here they are cheap and easy to return the money! Have to disappoint you.

Sharp decline in interest will not. Interest rates on all loans that offer banks that are closely tied to the Central Bank refinancing rate, which in turn formed according to inflation. Now inflation in our country is quite high, to the same American liquidity crisis is not the best way possible impact on the domestic economy. There are other myths of mortgage. One of them is related to age, which is determined by the Bank in respect of borrowers. The average age of Russian borrower – 30 years. But do not think that if you’re 40-45, you will not be able to enter into mortgage relationship with the bank! You work, get a steady income, before the official retirement of more than 5 years? You definitely can count on getting a mortgage. But the possible conditions you better in the bank. More one serious error is associated with mortgage insurance. It is believed that it is not very profitable, expensive. Yes, of course, the insurance – it is a serious waste, but we can not say that this is an unnecessary expense. All people, to Unfortunately, maybe fortunately, it is not working arrangements, and can add up so that a person, which bears the burden of repayment mortgage loans, lost his ability to work. In this case, the insurance company to help. So, Insurance – a necessary item of expenditure. In any case, whether to take a mortgage, or not worth, it’s up to you. This question requires a delicate and balanced solutions. Well, as a result of events almost entirely dependent on the soundness of the preliminary analysis of your opportunities, because you only under the force correctly evaluate them! Therefore: The cool head, a calculator, a family council and clearly thought-out decision.