Individual entrepreneurs and enterprisesoften faced with a situation where funds are urgently needed to avoid delays in payments, arrears and problems with business partners. Short-term loans allow you to quickly solve this problem.
Short-term loans to legal entities are represented in banks by three main products, such as:
Overdraft is the most popular option , allowing to close without debts anddelinquency of financial transactions, if the account does not have sufficient amount. This type of lending is available to customers with a stable financial position and allows enterprises to increase their efficiency. Sberbank offers for legal entities "Overdraft with a common limit", "Individual overdraft", as well as "Express overdraft."
Target short-term loan, for example, issuedto purchase equipment or pay employees, or replenish current assets. The decision to issue such a loan is taken fairly quickly, to a client who has worked well in the bank, are as loyal as possible, and for registration, a large number of references and documents will not be required. But if the overdraft does not imply a specific assignment of the amount issued, then the funds issued in the form of this target loan can be spent solely on the declared goal, as the banking organizations control this moment.
The option of short-term credit lines is not sopopular, but also used. Sberbank arranges credit lines for legal entities, including for such large clients as Lukoil, Baltic Forwarding Company and others. But more often than not short-term, and revolving credit lines are used, which allow to attract additional financing of current activity at any time.
Benefits and risks of short-term lending
Short-term lending to legal entitiesallows you to quickly get the amount in which the company urgently needs. With a good credit history, in the absence of debts, the design of the loan is simplified as much as possible.
Issuing a short-term loan, the bank is at some risk, which is compensated by high lending rates. The limit of such a loan will not be high.
Overdraft as a bank product enjoysthe most popular among Sberbank customers, but the bank's specialists can offer various solutions to the problem that has arisen with a lack of financial resources. A loan repaid by incoming funds to the account, at an interest rate that is revised every month, becomes a convenient opportunity to not transfer payment of financial obligations, even if the account at the moment at the moment there is no money.
