Your business plan is very good and feasibility,but you don't have much money to turn ideas into

reality. If you were a manager company, what would you have to do? I think getting money from bank loans and credit funds is the first your choice. but you dont know the procedures and documents for bank loans. In fact, the borrowing money is an uneasy task for companies as we think. You must to meet many conditions of many banks and stages of evaluation, the final the bank will calculate and decide how much money you can receive. And,what are procedures need in getting money from the bank and credit funds? Firstly, you try checking the basic conditions when you want to borrow money from the bank. According to the regulation of the state bank, you must have all these condition: Ability to execute civil law: to borrow money from the bank, you must have the business registration, certificate license, charter capital, decision of appointment from the highest manager in your company or a person authorized to borrow. In addition borrowers must be enough 18 years old Using legal loan. What do yu use the loans for? Is it legal? Nomarlly, business uses loan for two main purpose which are adding working capital and realizing business projects Ability to repay money or schedule: the bank will examine your financial statement present to know your business exactly anf forecast the result in the future ( at least 1 year) Having a plan, project feasibility and business efficiency. It is important to request records of business customers. Because loans through the business plan, banks will evaluate in more detail about your solvency after the project ends. Most banks will require equity capital of enterprises participating in the project minimum is 30% capital requirements of the project. If you make a plan is not accepted by banks that means you would not be sign any loan . However, in some cases, appraisers will compile business plan for your business . It can help you be approved for loans. But it also become a major risk for both banks and businesses if the project does not achieve the desired efficiency and business can not pay for the bank as planned. Therefore, you should refer to those who have experience and

associated with the actual operation of the business to have a business plan is really effective. There is collateral. this is a prerequisite when banks for borrowers.. In fact, any loans always require collateral. The First, it will help banks reduce risk if customers don't pay debts because collaterals are always more and more value than the loan. The second, the mortgage collateral for banks will make business more responsible in the repayment obligation, the business will not rely that business must try to complete the payment obligations on time. however, collateral are accepted by banks must also consider over various steps

These are very basic conditions when you go for bank loans. But some customers do not fully meet these conditions. So,to save time, banks only consider the loan documents to ensure compliance with requirements. Now, we will learn a record of what the necessity for loan application and how order to carry out procedures loans the first, there need to have the following documents: + Loan Request (Form of Bank) + Business plan and repayment plan + Statistics on the use of loans (purchase things, the number of how many, how long to use ..) + Contracts economic input, output / purchase contract, invoices and vouchers (if any) + Legal document of the business (certificate of business registration, business rules ..) + Financial records + Financial Report 3 years (if any) + Profile of loan security Then the bank will collect scientific information through the relevant papers and tests to assess the actual situation on the loan documents. An important step which appraisers will perform the evaluation of collateral valuation.then they will record in writing with signatures by business representatives and banks. if the collateral is real estate, banks will accept that you can borrow a maximum of 70% property value. This means that If your collateral is worth $10000,the maximum loan which you can borrow is about $700. it is based on information from the customer such as possibility of financial and capital plans for use, and the collateral. The Grading and rating credit for customer was conducted to review and evaluate the level of trust in the ability to repay the loan of customer. the final evaluation work is APPRAISAL STATEMENT of appraisers which is the most important decision loans to customers.

If things proceed in accordance with the provisions of law and the general standards set forth by the bank, you will be invited to the bank to sign the credit contract and some other procedures. The credit contract shall specify the rights and obligations of both parties as the date of disbursement, interest rates, collateral. repayment schedule and duration of contract liquidation. The credit contract will be effective immediately after both parties signed. Normally, customers will be disbursed in several stages By this time, your business has completed to register the transaction then your business will be disbursed and sign the bank's debentures. The loan will be disbursed by bank transfer or cash depending on agreements between two parties. When you get money done,it does not mean to complete everything. The Bank will also implement monitoring usage of your loan. what and how is it used purposes such as in the credit contract?, if your business doesn't use purposes, the bank will withdraw funds immediately as prescribed in the credit contract. So business should comply commitments in the contract to avoid the hassle later In short, customers and the bank will perform the following steps - Planning application for the loan and sending the necessary documents - banks collect information and begin the evaluation work - lending decisions of banks - completing the registration credit contract and special contract - Disbursement - Control the disbursement - Collect debts and interest - Liquidation of Contract In fact there will be many different problems in paperwork and procedures for each bank. There are many procedures need in getting money from the bank and credit funds. If you find it difficult, please contact us for assistance. We have experienced staff will help you quickly completed loan without spending too much time.