subject: Unsecured loans: for Enterprise [print this page] Unsecured loans: for Enterprise Unsecured loans: for Enterprise
A mortgage that meets the needs of companies and unsecured that said: It is especially suitable for the demands of small and medium enterprises. Let's see the features and benefits offered by unsecured loan.
A small business loan
The unsecured loan has the main feature of grant funds without the relatively low burden for the client company, to offer specific guarantees.
Indeed, although the maximum amount that the Bank offers through an unsecured loan is 30,000, the customer is not obliged to provide guarantees on real estate, machinery or other. The Bank provided "enough" to represent the signature of the contract.
In fact, this particular form of loan is very similar to the characteristics of a personal loan: like this, in fact, also has an unsecured short-term, maximum 5 years.
The purpose of the unsecured loan
We have already indicated how this type of loan is only for use in the category of small and medium enterprises. But what can be financed?
Basically suited to purchases of "goods" to carry out productive activities: machinery, tools, patents. But it is also useful for modernization of facilities and properties that you can not open a mortgage or loan.
Conditions, Depreciation, Cost
Let's go then, in the specific features of an unsecured loan.
Specify that:
1. The company together with the Bank defines an amortization schedule for repayment of the loan.
2. Each instalment, in this case consists of one share of capital plus an interest rate depending on the repayment plan developed.
3. E 'can choose between interest rates fixed, variable, indexed or mixed.
Like any other unsecured loan then that too is exposed to risks due to market trends and the cost of money.
The guarantees required.
We have previously specified as an unsecured loan does not provide guarantees, especially the mortgage on the property. But this is not true at all.
Indeed, although the Bank is sufficient to obtain the signature of the legal representative on the loan agreement, in some cases may also be considered essential to have firm guarantees of two types:
Nature of bill of exchange for more than half the amount offered in the loan;
nature of personal collateral securities, guarantees against family members or even other people.
They provided insurance policy?
As with any unsecured loan also requires the activation of an insurance policy against the "fire, explosion and lightning, gross negligence of the insured, weather and socio-political events.
These guarantees are still required to protect the bank even when the same does not require personal guarantees or depressions of various types on specified.
