Loan for LLC

1. Fill out an online application on the website. You only need to provide your name and contact details. The bank’s staff will contact you within a few minutes to clarify the details, learn the purpose of the loan, and answer all your questions.

2. Submit all the required documents to the bank. If everything is in order, the bank’s staff will contact you by phone to inform you of the loan approval, its term, and the interest rate.

3. The funds will be credited to the current account immediately after the loan agreement is signed.

To submit an application, only a passport is required. The rest of the document package depends on the type of loan, creditworthiness, and the tax system applied by the client. To verify the level of income, the bank may request an Account statement of account transactions, financial statements, and other certificates. The full list of documents that may be required to apply for a loan for an LLC is available at the link.

Only operating LLCs that are officially registered and conducting their business activities, with a business track record of 12 months or more, can obtain a loan for the development of an existing business. The bank does not provide loans to legal entities with zero reporting; that is, it is not possible to obtain funds to develop a business from scratch under a loan for an LLC. If the business has existed for less than six months, the financing need can be covered by taking out a personal consumer loan. You can ознакомиться with the offers here.

If there are insufficient funds in the LLC's current account and a payment order must be executed as quickly as possible, then instead of a loan the business can apply for an overdraft to replenish the account — this is a loan to cover a cash gap, provided for a short period.