Many banks consider loans issued for a period of 3 years have long-term, but in fact this is wrong.Most banks are reluctant to give loans to for a long period, considering that it is very difficult to require repayment in such long terms of performance agreements. Commercial banks are gradually scaling down such services and such service is better to use through the investment banks or the various funds that provide such an opportunity.
Vehicles are mainly acquired by mortgage program, ie the program of lending long. If the development or to start a business is required to purchase expensive equipment, then it is possible to take advantage of long-term lending. This credit will be very beneficial to business as retain the money in the turnover of the company and at the same time will make necessary purchases.
Agricultural development is impossible without a long-term bank loans, the only way farmers can survive on the market by producing quality products. These loan products are almost always require collateral, most often it serves real estate. Long-term bank credit may be granted in the form of investment when it comes to legal entities.
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Such loans are difficult to obtain, it will take time and collect a number of documents, which will be sure to specify where the money will be spent, that is, the specific objectives.
If a business is connected with the construction industry, will need to specify a precise estimate of the product of calculation and contract. All economic indicators are very important for the bank, documents of title must be in perfect condition and must also be flawlessly executed the right to use the land.
To the investment bank issued a long-term loan, he must be confident in your ability to pay, and this is even a special agent, who will report to the financial institution the real situation of your affairs can be sent.
Loans may also be issued under securities: shares, bonds and derivatives. The company must prove the banking institution that it is able to pay, in this case, the guarantors are almost always necessary.This credit can be issued only to borrowers with exceptional credit history and the amount of loan debt should not be more than the customer can provide collateral. Or is she the financial component of the organization should not be less than the cost of credit granted loan.