Recovery Plan for Small and Medium Size Enterprises
Competition in the business is always happening. Whether small, medium or large businesses, competition is both in the form of price. Product development or advertising and others, all of which require a lot of funds to compete For large businesses, there may be a lot of money. But for small or medium-sized businesses All have a small amount of funds. Therefore must rely on credit services from financial institutions to expand business or develop products Therefore, before applying for a business loan The applicant must prepare in these first things. Loan plan for SME
1. Interest rate, requested credit limit and installment period
Entrepreneurs must study to find information about interest rates. Which can be viewed via the bank's website Or at the branch offices of each bank As for the interest rates, each type of loan has different rates such as the Minimum Loan Rate (MLR) and the Over Overraft Rate (MOR). These interest rates Will increase or decrease from the normal rate depending on the financial status of the client who requests the loan Including the amount and the loan period Depends on the financial institutions
2. Comprehensive service provision
Streamlined business operations and easy access to transactions make it faster than competitors. Both investment Revolving funds Payment for purchase of raw materials Receiving money from customers Paying staff salaries, etc. Financial services must be streamlined and fast. There are simple steps and a secure transaction system.
3. Convenient
Financial institutions requesting loans must have branches that are convenient to travel in the event that they need to travel to do business at the bank. Including ATM networks, a business center dedicated to business operators Enough to conveniently use the service
4. As a business consultant
Financial institution requesting credit Must be able to provide advice on business operations or investments By not wanting to grant credit only But must also be like a business consultant for a loan applicant
5. Good service from staff
The staff of the financial institution that requested the loan Should have a good smile and always be ready to provide service when the loan applicants need help
All of the above is the part that should be used to make a loan request from a financial institution. The most important thing Must be in the matter of interest And the repayment period.
see also finance and business knowledge
