The microcredit company FinaGuru issues short-term and long-term online loans to individuals. The organization does not have a branch network; it operates remotely via the Internet.
Creditnice is a microfinance company operating since 2013. It specializes in loans with online processing, including to pay for purchases from partners; it also issues virtual credit cards and provides credit lines.
Features of online loans for legal entities and individual entrepreneurs
Individual entrepreneurs and LLCs that have a valid current account with the same bank can take out a loan online without leaving the office. You will also need to connect to online banking. The offer is characterized by a small amount, short term and high rate, but quick processing. In addition, the lender limits expense items; for example, such financing is not suitable for withdrawing cash, opening deposits, or transferring funds to another account or corporate card.
The money can be used to pay various business expenses from the account:
- Settlements with counterparties
- Utilities and rent
- Salary to employees
- Taxes and insurance premiums
- Repayment of loans received for the development of your own business from other banks
- So, an online loan allows you to urgently solve the financial difficulties of small and medium-sized businesses without visiting a bank branch.
The most likely reasons for failure:
- The tax office has set account restrictions
- The company opened recently
- Business is conducted in another state
- Bad credit history
- The organization is at the stage of liquidation or insolvency
- The leader is disqualified
- The business is not classified as an SME
- Conditions for issuing an online business loan
- Amount up to several million rubles, depending on account turnover
- Duration up to 3-5 years
- Availability of a current account with a creditor bank with regular turnover
- Connection to Internet banking
- Application review in one day
- Receive funds by bank transfer on the day of application
- No collateral of valuable property
- Without guarantee (sometimes founders are involved for a legal entity, and a spouse is involved for an individual entrepreneur)
- Minimum package of documents (often the bank only needs to analyze the account turnover)
- No fees for issuing funds
- List of documents for obtaining an online loan for individual entrepreneurs and LLCs
A legal entity or individual entrepreneur can apply for an online loan from a bank without providing documents. When opening a current account, a complete package of documentation was already provided, including constituent, registration, and financial. Online lending means quick submission and quick consideration of the application, without collecting and agreeing on a lot of paperwork. Only client data is analyzed, especially account turnover. You can provide statements from other banks.