What credit should I choose to finance my business or construction activity? Which bank to solicit for financing at the best rate and conditions. The complete file on credit financing for construction.
Pro and construction credit: principle
The professional credit can allow a construction company to finance a creation, a recovery or a support of activity, in slack periods. It is also possible to use the professional loan for the purchase of machine tools, vehicles, materials, for a specific need of cash or to develop an activity. Obtaining this loan will require filing an application, to launch a file instruction to validate the receipt of funds.
Two types of loans can be considered for a construction company, the loan for consumption, conventional financing but also the mortgage, for greater needs in terms of premises, building construction or for the purchase of a local and a field. Projects requiring significant funds but also tailor-made financing.
Professional Loan BTP: guarantee and guarantee
The acceptance of a financing file, whether it is to finance a cash or a heavy investment in the field of construction, will often require to provide guarantees, we talk about financial contribution but also bail. For a construction company, this is a case-by-case analysis to ensure that the company has the financial capacity to repay the monthly payments, with a study of the balance sheets and bank accounts of the company.
If these aspects are not sufficient to provide sufficient guarantees for the lender, it is then possible to turn to the surety, a guarantee that can take the physical form (guarantee provided by the manager) or the moral form (guarantee provided by a bonding company). It is therefore necessary at this stage to apply for a loan company in the field of construction industry to obtain a notice of feasibility at first, but also the formalities to obtain financing, either with a guarantee by guarantee or by financial contribution.
Which bank to solicit for a loan pro BTP?
Some institutions specialize in the financing of professional loans for companies and especially companies specializing in construction, it is not easy to find banks offering these formulas, it is generally necessary to use online forms to obtain several proposals. The comparator remains the best tool to get a professional loan estimate, it allows to go through professional brokers, banks or even credit institutions specializing in business applications.
The operation is simple since it is sufficient to submit a request via the proposed form and make sure to specify the amount needed to finance the construction company. After validation, several banks are automatically surveyed to find the best professional loan offer for the construction company. It’s a completely free and non-binding initiative.