Business loan secured by real estate

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The microcredit company VAYVND issues microloans to individuals online and in branches.
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.
Creditify is a service for issuing urgent online loans to a bank card. You can take out a loan on a card from this company for various purposes. Income certificates and guarantors are not required.

Features of loans secured by real estate for legal entities and individual entrepreneurs

Real estate is often used as collateral for loan obligations. This option is beneficial to both parties to the transaction. The bank receives protection from risks, and the entrepreneur receives good conditions and the opportunity not to withdraw a large amount from circulation.

Real estate acquired or owned by a company, founders, directors, or third parties is accepted as collateral:

  • Apartment
  • Residential building with land
  • Room
  • Apartments
  • Commercial premises or buildings
Business loan secured by real estate

Conditions for issuing a loan secured by real estate for individual entrepreneurs and LLCs
The characteristics of the offers will vary depending on the bank, but you can often take out a loan under the following conditions:

Amount up to several tens and even hundreds of millions of dollars. It all depends on the value of the real estate
The rate is lower than for unsecured programs
Duration up to 10-15 years
It should be remembered that the bank limits expenses on loan funds. Here’s what not to do:

  • Withdraw cash from your account
  • Close debts to the creditor bank
  • Issue loans and credits
  • Buy securities, bills, mutual funds
  • Pay dividends to owners
  • Pay for collection documents
  • Contribute funds to the authorized capital
  • Transfer money to other accounts and cards
  • Open deposits
  • Repay overdue debts on taxes and payments to the budget
  • Finance participation in tenders, auctions, competitions
  • List of documents for obtaining a loan secured by real estate for individual entrepreneurs and LLCs

For the borrower:

Passports of all participants in the transaction, including owners and directors with the right to sign
Application form with information about the company
Constituent and registration documents
Current balance sheet, tax reporting for previous periods
Certified card with sample signatures and seal impressions
Certificates and agreements for other loans

By collateral:

Certificate of state registration of property rights, extract from the Unified State Register of Real Estate
Technical documentation, cadastral passport
Property valuation report from an independent appraisal company

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