How To Apply For Credit Applications
For Small and Medium Enterprise business unit, the first step to apply for credit applications are usually difficult. In fact, this might be a good time to present it because the business was in need of expansion and additional capital.
Group Head of Business Development for SMEs from Bank Negara Indonesia (BNI) Ayu Wulandari said the student must stress three principles in his business proposal, namely a complete, clear, certain.
In front of the workshop participants ‘Woman Entrepreneur’ Femina BNI and cooperation at the Hotel Crowne Plaza, Saturday (05/22/2010), Ayu said the proposal data completeness is an absolute requirement that your credit immediately obtain assurance from the bank, which is public information efforts , mortgage information, financial information, description of business activities, as well as specific information and assumptions of business development.
“Then we will surely complete the direct process, usually seven days after there is certainty of complete documents will be approved or rejected,” he said.
In his presentation, Ayu also highlights some weaknesses which led to the proposal of a long process, or even rejected by the bank concerned, as no mention of the amount of credit will be filed, owned the business experience, legal and business permits possessed, business location and its status whether the lease or the property itself, and facilities owned and has unused capacity.
In addition, the proposal does not usually attach financial data including data cash, receivables, inventories, accounts payable, capital, sales and operational costs. The proposal also does not mention in detail the facilities owned and are not equipped with data suppliers and customers as well as real data that supports the business prospects in the future. Ayu suggest these weaknesses should be avoided.
Meanwhile, the Bank itself, the submission procedure is not too difficult to credit. Ayu said at the beginning of prospective borrowers simply contact the office nearest BNI business with the prospective borrower location. Then, candidates simply complete the necessary documents, such as identity cards such as Identity Card and Family Card, and business proposals, college recommendations, personal guarantees, collateral documents (if any) required for a credit application, and then turn it over to the Bank for actionable .
BNI officers will then visit the prospective borrowers to verify data that has been submitted. After verification, the officer will conduct the analysis. If the data is complete in seven days, a credit decision will be out. If approved, the Bank will issue a Decision Letter of Credit (SKK). Banks and borrowers will sign the loan agreement documents (PK). Easy is not it?