|
|
| Home>Small Companies>Loans |
|
|
 |
| Do you need cash for your business? Citibank offers for small companies a wide range of loan products that can be used for financing of the working capital needs or the development of the company. We offer quick and easy processing of the loan application. |
|
      |
| Citibank offers: |
|
- Quick and easy processing of the application for financing
- Preliminary assessment free of charge
- For certain kinds of loans, only one year of business activity in the respective field is sufficient
- Easy withdrawal and repayment "with just one click" via internet banking
- Payment of interest only on the outstanding loan amount; no commitment fee is charged
- Various means to guarantee the loan
- Option to prolong the maturity of the loan
|
|
| Citibank offers following types of loans: |
|
|
|
| A short-term loan to cover working capital needs. A revolving loan with a maximum maturity of 12 months and an option for automatic extension. |
|
- Loans of up to CZK 1,000,000.
- A decision on the granting of the loan is usually made within 72 hours.
- Easy management of your loan via internet banking.
- The loan can be withdrawn and repaid according to your needs at any time during the contractual period by a transfer of funds from your loan account to your Citibank current account and vice versa.
- Interest is paid once a month for the previous month and is automatically debited from your current account.
- A floating interest rate derived from the current rates on the interbank market is applied.
- No commitment fee; only the outstanding loan amount is subject to interest.
- Secured by a corporate promissory note co-guaranteed by the owners.
|
|
| Basic Conditions for Loan Approval: |
|
- Business activity in the field for at least one year
- Having a current account with Citibank Europe plc.
|
|
| Documents required for loan approval |
|
| Ready Credit |
|
| This form of short-term loan is intended to fund working capital needs. A revolving loan with a maximum maturity of 12 months and an option for automatic extension. |
|
- The maximum loan amount is determined on a case by case basis and depends on the credit rating of the client's business and on collateral.
- The loan can be easily managed via internet banking.
- The loan can be withdrawn and repaid according to your financial needs at any time during the contractual relationship by a transfer of funds from your loan account to your current account and vice versa.
- Available in CZK, EUR, and USD.
- No commitment fee; only the outstanding loan amount is subject to interest.
- The interest rate is set as floating, reflecting the current rates on the interbank market.
- Interest is paid once a month for the previous month and is automatically debited from your current account.
- The approval fee is set individually.
- Real estate is usually used as collateral to secure the loan, but it is also possible to use the technology acquired through the loan as collateral. You may get funding for up to 100% of the estimated value of real estate or up to 75% of the estimated value of the technology.
- A corporate promissory note co-guaranteed by the owners is required.
- A preliminary assessment is free of charge.
- You will usually be informed of the bank's decision within five days of having provided the complete documentation.
|
|
| Documents required for loan approval |
|
| Basic Conditions for Loan Approval: |
|
- Business activity in the field for at least 36 months
- Having a current account with Citibank Europe plc.
|
|
| This installment loan is designed to finance your complex investment plans including technology purchase. The loan is provided as a medium- or long-term loan with the option of setting up a floating interest rate. |
|
- The loan limit is approved on a case by case basis by the bank, according to the client´s credit rating and the quality of the collateral provided.
- You may opt for repayment upon an individually agreed repayment schedule that reflects the seasonal nature of your business or the character of your investment.
- A grace period can be granted.
- Maturity is up to five years.
- Available in CZK, EUR, and USD.
- The interest rate can be set as floating, reflecting the development of the interbank market.
- Real estate or the technology acquired through the loan are usually provided as collateral to secure the loan. For your development plans, you may obtain financing of up to 100% of the estimated value of the real estate or 75% of the value of the technology.
- A blank promissory note with the guarantee of the owners is a standard requirement.
- You will usually be informed of the bank's decision within 5 days of having provided the complete documentation.
- A preliminary assessment is free of charge.
|
|
| Documents required for loan approval |
|
| Basic Conditions for Loan Approval: |
|
- Business activity in the field for at least 36 months
- Having a current account with Citibank Europe plc.
|
|
|
Click on  to expand and on  to minimise the details. |
|
| What is the interest rate? |
|
| The interest rate is determined by the bank on a case by case basis according to the client's credit rating, the quality of the security provided, and the type of loan. |
|
|
|
|
| Can the loan be paid off early? |
|
- Working capital loans - Loyalty Loan and Ready Credit - may be paid off (or drawn on) at any time, as you need. Loans are repaid via internet banking.
- Investment loans - early payment (in full or partial) is possible based on a request approved by the bank, provided the loan contract does not expressly forbid it.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
