8 THINGS YOU NEED TO KNOW BEFORE GETTING A LOAN

If you need money to open or run an effective business (purchase of equipment, additional purchase of goods, development of a new direction, timely payment of bills, etc.), you will first have to decide on a source of financing. Will your relatives give you a loan, for example, or you can’t do without a loan from a credit institution.

To clarify the situation and to prevent falling into the so-called “long-term debt trap”, answer yourself the following questions:

• For what purpose do you need money?
• How long do you need to receive the money?
• Do you have employees who can be “entrusted” with finding and raising money?
• Do you or your specialists understand the specifics of financial products and services?
• can you analyze all the subtleties and nuances of the proposals?

If you find it difficult to answer at least one question or you do not have time to independently deal with issues of finding financial resources, communicate with creditors and choose the best product for you; entrust some of the employees with market research and preparation of the necessary documents – attract a third-party specialist who will do all the work for you on a turnkey basis.

How can I and my team help?

– We will analyze the offers and choose the best product for you;
– We will conduct all necessary negotiations with the creditor on your behalf and in your interests;
– We will prepare the entire package of documents for attracting loans and provide it to the lender;
– We will negotiate with creditors regarding your lending;
– We will help you get a grant from EAS and other similar structures.

What to look for when getting a loan

• Under what conditions you are offered a loan. Interest does not always reflect the true value of the loan;
• Whether you only contacted your bank. Often the bank through which you conduct your main business offers rather poor conditions, since customers most often do not consider other offers;
• Have you applied to other banks. When contacting other banks, you must convincingly explain why you turned to them, and not to your own bank;
• What kind of loan you are being offered. Different lenders under the same name may have completely different services;
• What are the costs associated with the loan. Are there hidden costs hidden in the text of the contract?
• What additional conditions the lender puts on you. How will they influence your future activities?
• What are the conditions for terminating the contract.
• What collateral the lender wants. Often, lenders are reinsured and require more collateral than necessary.

If you understand that you do not know the answers to the questions, you have the opportunity to get a free consultation with me personally by booking a time by phone. 5019216 or by leaving a private message on Facebook.

About me:

Ron Luvischuk
20 years in financial business
632 successful cases
More than 50,000,000 euros of attracted loans
Amounts from 10,000 to 12,000,000
Experience in credit institutions
References on request