Application

To have a loan for an individual entrepreneur approved for small business purposes, you need to:

• choose a loan product with lending terms that are favorable for you;
• submit a loan application;
• provide the required documents, including those confirming your solvency.

An individual entrepreneur is entitled to obtain any type of financing, provided they meet the terms of the selected loan. The package of documents will depend on the chosen loan product.

A loan for individual entrepreneurs for personal needs in the small business segment cannot be obtained. This is not provided for by our lending programs.

An entrepreneur may take out a personal loan for real estate, a vacation, the purchase of furniture or a car as an individual.

You can find out the terms for obtaining a loan as an individual in the personal loans section.

A loan for a sole proprietor with a poor credit history is rarely approved. If a sole proprietor with a damaged credit history decides to apply for a business loan, the bank may make an exception by reviewing their application on an individual basis.

A poor credit history can be improved by repaying all existing debts.

To apply for a loan as a beginner sole proprietor, you need to determine the purpose of the financing, choose a suitable program, and submit an application on the website. The business must have actually existed for at least 6 months.

An entrepreneur cannot obtain a loan to develop a small business from scratch. If the business has existed for less than 6 months, the financing need can be covered by obtaining a personal consumer loan. You can review the offers in the consumer loans section.

To obtain a loan, an LLC or individual entrepreneur must confirm their solvency. The package of documents that the bank will require depends on the type of loan, the client’s legal form of organization, and tax system.

If the loan does not suit the client, the bank will offer another, more suitable loan option.

To confirm the income of an individual entrepreneur and LLC, the bank may ask to provide account statements showing account transactions, financial statements, and other documents.

Obtaining a loan for legal entities may be intended for business expansion, replenishment of working capital, purchase of real estate, covering cash gaps, and other purposes. Only operating LLCs can obtain such a loan.

The requirements for loan approval for legal entities vary: they depend on the type of loan and the duration of commercial activity.

Can an LLC get a loan for starting a business from scratch?

We do not provide a loan for an LLC with zero reporting.

In other cases, it is sufficient to submit an online application on the website to obtain a loan for an LLC, wait for a call from a bank employee, provide the required document package, and, if approved, sign the agreement.