Short-term crediting of legal entities

Individual entrepreneurs and enterprises often face the situation when financing is urgently needed to avoid delays in payments, arrears and problems with business partners. Short-term loans allow you to quickly solve this problem.

Short-term loans to legal entities are represented in banks by three main products, such as:

• Overdraft is the most popular option for short-term crediting of legal entities that allows you to close financial transactions without debts and delays if there is not enough money on the account. This type of lending is available to customers with a stable financial position and allows enterprises to increase their efficiency. Sberbank offers for legal entities "Overdraft with a common limit", "Individual overdraft", as well as "Express overdraft."
• Target short-term loan, for example, issued for the purchase of equipment or payment of salaries to employees, or replenishment of current assets. The decision to issue such a loan is taken fairly quickly, to a client who has worked well in a bank, are as loyal as possible, and a large number of references and documents will not be required for registration. But if the overdraft does not imply a specific assignment of the amount issued, then the funds issued in the form of this target loan can be spent solely on the declared goal, as the banking organizations control this moment.
• The option of short-term credit lines is not so popular, but it is also used. Sberbank arranges credit lines for legal entities, including for such large clients as Lukoil, Baltic Forwarding Company and others. But most often not short-term, but revolving credit lines are used, which allow to attract additional financing of current activity at any time.

Benefits and risks of short-term lending

Short-term lending to legal entities allows you to promptly receive the amount in which the enterprise urgently needs. With a good credit history, in the absence of debts, the design of the loan is simplified as much as possible.

Issuing a short-term loan, the bank is at some risk, which is offset by high lending rates. The limit of such a loan will not be high.

Overdraft as a banking product is the most popular among Sberbank's customers, but the bank's specialists can offer various solutions to the problem that has arisen with a lack of financial resources. A loan repaid by incoming funds to the account, at an interest rate that is revised every month, becomes a convenient opportunity to not transfer the payment of financial obligations, even if there is no money in the account at the moment.