How To Start A Business Loan

To reduce financing costs and save interest on loans is a common understanding of demand for venture capital funds. Here are some tips on loan saving.

1. choose the loan bank.

According to different lending rates, borrowers should have "Three Goods".

For example, in the issuance of hypothecated loans, some banks will float 30% above the national benchmark interest rate, others will only execute the benchmark interest rate, and the borrower should abandon the former and take the latter.

2. optimize loan method.

At present, there are several ways in which financial institutions operate loans, such as credit, guarantee, mortgage and pledge.

In the process of borrowing from financial institutions, we must pay attention to and find out the spread of interest rates under different loan modes.

At present, the lowest interest rate loans should be hypothecation loans and bills discounting. If conditions permit, these low interest loans should be locked.

3..

The current short-term loan interest rate is divided into six grades and two grades a year. It also stipulates the implementation of the half yearly interest rate within six months of the term of the loan, and the implementation of the one-year interest rate over half a year less than one year.

Because the time required for the borrower to predict and the time limit for the loan contract are often not consistent with the point at which the loan interest rate is located, it is natural to form various term loan interest rate differentials in practice.

When the loan period is selected between two loan interest rates, especially when the time limit for signing the contract exceeds the next level, the shorter the time and the longer the distance from the upper level, the greater the loan interest expense the borrower will bear.

4., cautiously sign the loan agreement.

Because some enterprises lack the awareness of financing and financing, and they are free to sign the loan agreement, they often create "interest expense" in the loan process.

There are two common types of loans: withholding interest loans.

That is to say, in order to ensure the full interest of loan interest, some financial institutions often deduct all interest from the principal of the loan when they issue loans.

In this way, the borrowing cost of the enterprise can be reduced, so the actual borrowing interest rate that the enterprise undertakes will exceed the agreement interest rate signed by it, which objectively increases the financing cost of the borrowing enterprise.

Lien deposit balance loan.

That is, when an enterprise obtains a loan from a bank, the bank requires that a portion of the loan principal be retained into the bank's account to restrict the repayment of the principal and interest of the loan on schedule.

But as far as the enterprise is concerned, because the loan principal is discounted under the condition that the interest on the loan is not reduced, the interest rate actually charged by the enterprise is obviously higher than the loan interest rate signed by the contract.

5., strict repayment.

In order to reduce loan interest expenses, the borrower should ensure the seriousness of the contract and repay the principal and interest on time.

It is necessary for the borrower to designate personnel to manage the loan ledger, to record in detail the entry, exit and storage of all kinds of loans, and to take full responsibility for the application, use and repayment of the loan.

The 6. abolition of borrowing behavior.

In recent years, the interest rate of borrowing interest has been higher and higher, and some have reached 20% or even higher interest rates.

Therefore, no matter whether we should standardize enterprise restructuring or reduce the financing cost of enterprises, we should abolish any form of borrowing and stock taking as soon as possible.

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