Global Design And Business

When the bank will consider the application of
funding that we did review the following
points:
1.Analysis feasibility of the financial operation
yes: if the capital is the necessary conditions
amortization are assumable, the time is right, and so on.
2.Analysis of applicant: income structure,
solvency and ability of repayment, collateral, study
history of it (if there have been defaults, etc.).
3.Analysis the business or assets to finance (analysis of
the viability of the business to be financed, etc.)..
The documentation that we provide should include:
“Memory of the company, business or activity
applicant’s professional, in describing its
development to date of application, the objectives
occupational and economic, and results. This
should be supported by concrete data: evolution
sales, profits, market share, assets
total enterprise.
“Profit and loss accounts in recent years
(usually three).
-Balance of the last three years at least.

There is one basic premise: The rush is not good

-Forecast of cash within 12 months.
-Statements of income, VAT and tax
societies.
-Report explaining the above accounts, which
describing the most important parameters and their
evaluation:
* Sales and developments
* Trade Margins
* Policy depreciation
* Overhead structure and its evolution
* Income or extraordinary
The economic and financial data must be submitted
in a coherent and sophisticated.
-Description of the organization and business performance.
You can also address issues such as:
* technologies and equipment used
* innovative features or particular process
the service production
* payment terms to suppliers and customers
seasonality of sales *
* pricing policies
* marketing policies
* distribution policies
“Legal structure of business. Legal form,
financial liability, number of partners, property
of the shares, restrictions on their
transmission, etc..
The Information supplied will be tested by
the bank, which in turn has various sources of
information to draw on:
-Registering property
-Trade Register
-Civil Registry
-Registry of Intellectual Property
-Records of bad debt: RAI, ASNEF.
-Risk Information Central Bank of Spain
(SERT)
-Information of suppliers and customers
The bank will have a team of risk analysts
who will look to verify the information provided and
qualify the request we made.

Should we keep information of all bids
Various market Entities That the offer. The
only bank-level Clearly Loyalties Are Useful:
the entity already know us and knows the Capacity THEREFORE
Refund and credit We Can offer.
This CAN be good if Our Ability to
Reimbursement is Insufficient to Meet the Requirements of the
That operation we request, Since the Period
to study the Feasibility of the operation Will Be short.
In Addition, Tend to favor Financial Institutions
Give or Better Treatment Who Have to loyal customers
working with Them for Some Time.
Still, Facing a credit transaction, it is interesting
Consider Negotiating with More Than One bank. The
Typically, first go to the bank with Which we work
Usually, But Should Have Other Options;
is adviseable to seek to serve Until Other Offers
Our supply bank to “always” be
Better for us / as.
When we get to choose with the Financial Institution
to Perform the operation, We Must Consider
These factors:
-Type of Operation: For Some Operations, Such As
eg export banking business or
leasing transactions, There Are Financial Institutions
really specialized, Which Provide Better dog
general banking conditions.
-Level and Business Relationship We Have with the
Financial Institution in particular.
-Return to the Provider for the May transaction
bank.
“Market situation and Other Factors, as
That May Affect the operation and
Behavior of the Financial Institution.

Banks, savings banks and other entities
financial institutions should meet certain standards
each and every one of the credit operations as
deposit. These rules are specified in
various circulars of the Bank of Spain.
Then we will see information from different
financial institutions and the implications of the
Bank of Spain regulations in this regard.
The brochure
In every branch of the different
financial institutions must have a booklet with all
price rates that entity has in place to
publicly available.
So when we go to a bank to ask for information
we have a reference point which are the
maximum costs that are going to implement.
And are highest, because if we make a good
negotiation can get these costs are
reduced.
Prices of products and services are set by the entity
freely only have an obligation to inform
of your rates to the Bank of Spain before you start
implementation. For its part, the Bank of Spain has fifteen
days to make appropriate objections. Please communicate
nothing, the rates will take effect.
We must not confuse this brochure brochures
promotional for the various operations
can be found in the bank branch, which
we also find, for the particular product,
information on deadlines, amounts, interest,
commissions, interest payment, guarantees.

Rates
There are several things to know about the rates that we
the bank can apply:
“The price of each product or service can not be
superior to that shown in the tariffs. As noted,
we can get that price cuts if we are
a skilled negotiator.
“All trades must be in the brochure along with
its rate.
“The commission or expenses charged should apply
on operations or services actually rendered.
While the bank will not lend us money, we deduct
the effect, etc.. can not charge anything.
“The bank should make specific reference to service
claims of the Bank of Spain and the
rules governing the transparency of operations
bank.
When an entity provides a dossier of charges which
cumbersome and difficult to understand or manage, we can
demand a comprehensive summary of it, since the
Bank of Spain requires “the existence and availability
a brochure and prices and valuation rules so
invite your inquiry.
In product brochures that we cited
above can be detailed the same rates,
and at this point where we must be especially
cautious, because the interest rate on the transaction
can be very favorable and yet there may be
about high fees for early repayment
the loan, management, for study, etc..
The bulletin board
In each bank branch must be a board
ads located in an area easily visible to the public,
with the following information:
-Preferential interest rates (which gives the best
customers).
-Types that apply to overdrafts.
-Types that apply to credit account exceeded
or differential penalty on the interest rate agreed
concerned.
The prime rate shall be expressed in rates
annual percentage equivalent (TAE, ie with
expenses and commissions) and end up (at end of
contract).
Interest rates set forth in percentage rates
no annual percentage rates usually coincide with
nominal, which are the ones we hired. We
observe differences in hundredths, and even some
tenth of a point, because the calculation of the APR takes into
account over time and inflation).
Still, the published rates we can build
ask a reference for the negotiation.
Communications
The Bank of Spain also marks the minimum
to be contained in the correspondence that you send
the bank on our lending operations and
the use of banking services. They are:
-Amount of contributions.
-Amount of interest arising.
-Amount of principal amortization of loans or
credits.
-Period corresponding to the liquidation, the date
start and end.
“Interest rate applied.
Debits-implementing the settlement.
-New balance.
-Taxes liquidated, with the type and basis of calculation
on it.
The bank, if we refer to a loan transaction
Assessed preset at the time of signing the operation,
have the option of replacing all the details by the
inclusion in the contract of a table of payments and
depreciation, for, in which case the bank
only be required to provide documentary evidence of
the charges you made.

As the beginning of our study was to reflect the
different stages of any negotiation of a
financing transaction with a financial institution.

The financial needs analysis is done
calculating the liquidity that we currently or short
term. For this study the treasury account,
where we can check the entries and exits
money within a period of 12 months.
Every month we will see the money gained from the difference
between revenues and expenditures to forecast
of our funding needs, and watch the months
liquidity that we have to use it
more efficient.
Now we would be in the proper position for
develop a financing plan.
Prior to the visit to a financial institution to request
A provision is appropriate as much information visit
several. So we know what the market trend
(if rates are rising or falling, commissions, etc.)..
Where we place special emphasis on the
negotiating terms with the bank, so
we have to know beforehand:
• What is our financial need
· Our ability to deal with the real cost of
loan and repayment conditions. If not
will have to try to reduce them.

If we reach an agreement with the bank will be sought
operation and deliver the information that they requested.

Let’s see the definition of each of these products
and differences between them in order to assess
the election.
A loan is a contract by which a customer obtains
a financial institution, a certain amount, to
which we have discounted a number of costs
formalization of the contract. We have the
obligation to return such funds within or
several, as agreed at the outset, in addition
to commit to pay interest and commissions
have been agreed.
A credit is another way of funding, through the
which the financial institution agrees to make available
quantities we need, to an agreed limit.
Therefore, the fundamental differences between these
products are:
• Availability of the amount.
In the loan, the bank or gives us all
amount requested from the outset.
The provision, any amount not available, but
do have the right to have when we want a
maximum amount during a specified period not
the obligation to use it all, only the part that
really need.
• Interest.
Pay interest on the loan amount for all
applied and credited only pay interest on the
amount that we used, not all that
we have available.
• Contributions.
The fees payable on the loan are regular in the
Assessed time and we know from the outset.
In credit, the only commitment that exists in this
sense is that we must return the amount used
the end of the existing term.
• Advance payments.
In lending, we can make advance payments
the amounts we owe to the bank but are usually
penalized with fees, as set comes
in the contract.
In credit, we can refund the money that we
ready at any time.
• Purpose.
The loan is advisable to purchase goods with a
longer duration (for example, a local business)
or investments of any importance are linked
fixed assets of the company.
Credit is a financial product most appropriate for
professionals and companies who need to address
momentary liquidity needs and a stud
inferior to those used for a loan (eg
to purchase consumer goods or goods
meet the needs of customers).
• Possibility of renewal.
The loan is not renewable but it can start
another loan agreement when you finish the previous one.
Credit can be renovated and expanded many times
As agreed with the entity.

Finding the best credit card is not always easy, especially after you see the amount of cards on the market.  However, Virgin Money is trying to make the decision for balance transfer cards easier for you.  They announced in August a new product.  This product allows fee free balance transfer.  If you have a balance on a credit card you can apply for the Virgin Money card.  If accepted you can transfer your balance to the new card without incurring the 3 percent fee.  You also get zero percent interest for nine months.  Basically you are saving a great deal of money on interest by changing cards to this 0 credit card.

A consumer has sixty days to make the balance transfer once they are accepted.  Once the deal has run its course the interest rate will be back to 18.6 percent.  It is a high interest rate; therefore, it behooves the consumer to pay the entire balance off in the nine months.  There are other deals that last for twelve to sixteen months.  These cards charge fees.  By determining realistically how fast you can pay the card off you can decide if the Virgin Money card is right for you and your family.

See frequently asked questions about various types of assets and businesses that are or are not funded by financial agents.

1) There are specific lines of financing for the Non-Profit Organizations (associations) and cooperatives?

Yes, some finance officers associations and cooperatives with lines well suited to the needs of purchasing machinery and equipment, facilities and even working capital.

2) There are lines of credit to individuals, artists, freelance?

There are lines of funding devoted to the so called informal, and independent artisans. Among the most used are the lines of micro-credit institutions, the PROGER – Program for Employment Generation and Income Fund and the Constitutional * (benefit to the states).

Check your state that financial agents and institutions that serve the public microcredit in your area.

3) There is funding to support the export of products and services of micro and small enterprises?

There are lines of credit and banks specialized in operating with an export financing for small business. Are institutions that have portfolio of foreign exchange operations and are authorized by the Central Bank to purchase the export and import financing. Basically, the operations are subdivided into pre-shipment and post shipment.

The pre-shipment working capital to finance production of goods and services for export. The post-shipment finance imports of goods and services.

For details, see the email address of BNDES and its network of accredited financial institutions: www.bndes.gov.br / lines / exportacao.asp

4) As the financing for vehicles, which criteria?

Financial agents can finance vehicles and trucks, new or used, usually with a maximum 05 (five) years of use, and have to use the activities of venture funding, according to the specificity of the credit line. Vehicles can be financed only to walk to rental car companies.

It is interesting to guide the entrepreneur to also check the conditions of funding that automakers offer compared to the lines of financial agents.

5) We have cases where the customer demand for additional building / retirement, the bank requires that he present the total budget?

Because the bank considers the project as a whole. What has been accomplished with own resources and that will be funded. It is necessary that the work is regular with all regulatory agencies, so that later will not suffer any impediment to work.

If what has been accomplished is made in return for resources, is necessary due to evidence in the project, through invoices and receipts.

6) The Bank may grant financing for a company that is installed on rented property?

Banks are hardly restricted to the fact that a company situated in rented property, including, as it is a reality in this very small business.

Banks are restricted in grant funding for a business real estate not settled.

7) I want to buy the property where my business operates. The bank finances?

There is no line of credit to the company acquire land or buildings. If she already has the land, you can finance the construction.

I want to buy a company ready and already in operation, the bank finances?

No. Ready and running, no. However, it could be financed if the activity is from industry or the means of accommodation and is disabled. You can buy the property assets of the company. Ex: the machines with up to 5 years of use and Invoice of Origin.

The acquisition of the property and its buildings and facilities may only be funded if fulfilled, fulfill the following conditions, in addition to other applicable regulatory requirements:

* Existence of an area on behalf of the seller, drawn up and registered in the registration of property in the office of registration of property, according to law;
* Existence of annotation in the margins of the registration of the property, the buildings and facilities already constructed on the ground;
* Absence of any kind of charge real or legal, lawsuit reipersecutória and restrictive clauses such as usufruct, and inalienability unseizability, including restrictions arising from the property was subject to gift or sale by the public;
* Absence of any kind of embargo by competent official bodies such as municipalities, historical, CREA, environmental agencies, Department of Heritage Union (SPU) etc;
* The project is off for more than 2 years;
* The enterprise is not the object of operations “to be” the financing of investment;
* The funding will not be characterized as a recovery of capital;
* The project is considered of interest for the development of the area in which it is located;
* The value of the land is located where the venture is subtracted from the final price of the goods to be purchased with the resources of the credit;
* The unit whose purchase will be funded previously assessed by the central technical operational support (CENOP), or in the case of evaluation by others, this is convalidada by the technical CENOP.

9) Is there any restriction of funding for activities from lan house, Internet cafe and Home Video? And in the case of a rental video, the bank believes the DVD’s as fixed investment?

Yes, there are restrictions. In some lines of business financing for the operation of games, including electronic, no items are funded. Other banks consider launching a business house whose equipment is outdated very quickly.

The Home Video on some banks are financed, and the tapes and DVD’s can be considered as fixed investment.

10) The bank releases the resource funded directly into the client?

In the case of loan for working capital, usually the money is deposited into the client. In financing for fixed investments, the banks prefer to pay directly to providers upon submission of invoices. In cases of mixed investments are the two situations.

11) The bank requires proof of a resource? How?

The need for consideration of funding, yes. The proof may be through a deposit into the client agent in the donor, or through proof of payment to the supplier, with the presentation of receipt or invoice.

In some cases take up the investments already made for the project, duly supported with up to 06 (six) months of physical and financial achievement.

12) The bank gives a grace period?

Depends on the line of funding in question. For capital, the shortage is generally lower than for financing fixed investments and mixed. For long-term financing, the lack is on average 06 to 12 months but may be higher.

Important to explain that during the grace period the company did not repay the loan, but paid in part or in full the costs of financing.

In this period, although not fully charged to provide the funding to have normal incidence rate of interest, which will increase the outstanding balance of the operation.