In the last decade, the country has formed the system of selection of executors of state and municipal orders based on tenders and competitions. It is based on a tender loan. The idea turned out to be so good that it was used by large private companies to find suppliers and performers.
State Entrepreneur Requirements
In accordance with legal requirements An organization wishing to fulfill a governmental order or contract must meet a number of criteria and requirements. One of these is the provision of a deposit: the amount that the state customer receives if the contractor rejects the order or does not offer sufficient security in the future.
The purpose of the compensation mechanism is also and in checking a potential partner’s solvency. There are no exceptions for a category of companies. The funds for such purposes are either withdrawn from a credit institution or allocated from a company’s working capital, which is disadvantageous. Money in the economy is not superfluous, on the contrary, it is constantly lacking and there is no clear and need perspective to show whether it will be possible to get a contract. This is why bidding credits are so popular for securing bids.
Credit security gives companies a chance. Take part in several competitions at the same time. The state looks calmly at such actions, and state banks also participate in lending. The credit organization will not give money to anyone, and the Treasury also has an indirect confirmation of the solvency of the contractor who received the bidder loan.
Ways to back up an application
Credit bureaus offer various services. There are 3 options for application security:
- Bank guarantee;
- Bank loans;
- Loan in microfinance organization.
Guarantee – the consent of the bank to cover the customer debt obligation at the request of a third party. It is issued by a financial institution for a limited time. Make sure that you comply with Art. 45 FL-44, otherwise the guarantee is simply not taken over. You can get a payment loan in the form of a loan. A bank that offers loan programs of this type requests a list of certain documents.
A package of papers for a loan
- legal documents;
- Financial reports;
- other securities that are required to assess the customer’s solvency.
Bank as a source of finance attractive due to lower interest rates, especially for regular customers and an unlimited amount of money. For this reason, companies are willing to collect substantial amounts of documents in order to receive money for participating in the tender.
It is offered to take out a tender loan from MFIs. They are addressed by customers who, for various reasons, are unable to take out a loan from a bank. Document review and reporting are not as strict, but understandable, since a high risk has to be paid with interest. Generally, a loan is a type of bank loan. The specific list of documents required by a particular credit institution may vary. In some cases it is more, in others less.
The fate of the rate
A bidder who does not receive an order has the right to withdraw his money. The law provides for two situations in which the contribution is not reimbursed:
- When the contractor won the competition, he refused to sign the contract.
- The contractor refused to enforce the contract in accordance with its terms.
Collateral is returned quickly within 10 days. There are exceptions if the electronic platform is addictive for some reason to solve the problem. As a result, since the money is returned, the borrower loses a small amount to pay interest on the use of funds. There are no risks associated with the actions of partners and the state. A tender loan is a practical tool for bidding without overwhelming the strength of the company.
Which banks to contact?
The first of which also has its own trading platform. It is advisable to take out a loan in a structure that specializes in financing the delivery of government contracts. Then the process becomes easier and faster. In such cases, a proven package of documents is suggested. A tender loan to secure a contract also funds the cost of a company that does not have enough money to meet its obligations.
There are two types of loan:
- Line of credit;
- one-off loan.
Line – characterized by the presence of a limit within the customer has the right to contact a bank and not take less or more, but as much as necessary. A one-off loan is calculated on a clearly agreed amount. In both cases, banks offer good-faith customers an expansion of the fund volume on offer. At the same time, there are no restrictions on the granting of a loan in a particular organization.
Who will help?
Assistance in obtaining an offer loan is helpful for a company that starts its work in government contracts. In such matters, it is offered by financial advisors, brokers. You get a percentage of the business because nobody works for free.
These specialists conduct activities in connection with several banks and can offer the best option based on the criteria of the financial institutions and their specific customers. They use the services of intermediaries and do not have enough time to independently look for a suitable organization.