Starting an appropriate business is not easy. This process involves a lot of planning and preparation to anticipate problems that may be facing upfront. One of the preparations that have been thought up ahead of time is capital. For those who have business savings, capital is not the main problem faced. But it is different with people who start businesses with limited funds. For that, venture capital loans are one way out.
Many governments and private companies have provided support to business development in Indonesia. Namely by providing business capital loans. The business capital loans they provide also consist of various types that are tailored to the needs and capabilities of the borrower. Here are some types of business capital loans that can be used as a reference before you decide to make a loan.
Unsecured Loans (KTA)
Unsecured Loan (KTA) is one of the business capital loans that provide credit without imposing collateral in the form of assets such as vehicles, houses, land, securities and so on. This unsecured loan makes KTA a type of venture capital loan that is quite popular among business owners. Another reason that makes business owners prefer KTA is that the interest offered is less than one percent.
For KTA, in general, creditors will provide a maximum loan of IDR 200 – 300 million in accordance with the terms and conditions of each bank. The loan period is up to 60 months or 5 years. KTA can be submitted by bringing the required documents such as KTP, NPWP, SIUP, checking account, and credit card. Although the requirements and the process are quite easy, the chances of getting a KTA are a little difficult. Borrowers still have to meet BI checking requirements to ensure there is no history of arrears from previous credit.
People’s Business Credit (KUR)
As the name suggests, the People’s Business Credit or KUR was indeed launched by the government to help the people’s micro, small and medium businesses. KUR provides capital loans, especially for businesses engaged in agriculture, fisheries and maritime, industrial, forestry, and savings and loan financial services.
To make this program a success, the government cooperates with several state-owned banks such as BRI Bank, Mandiri Bank, BNI Bank, BTN Bank, Bukopin Bank, Mandiri Syariah Bank and BNI Syariah Bank. The loan offered by the KUR program reaches IDR 500 million with an interest that is also quite low, which is 7% per year or only around 0.58% per month. The loan period is 6 years or 72 months.
Documents needed to obtain KUR in the form of an identity card, business establishment certificate, SIUP / TDP, financial statements, business proposals and other requirements that may be requested by the bank. There are indeed more requirements than KTA. Because, the government only gives loans to businesses that have feasibility, potential, good business prospects, and have the ability to repay loans.
Investment loans are loans that are focused on various business needs. These loans are usually used for business expansion or addition such as buying and opening new factories, building new projects, procuring machinery and raw materials, buying land and building for new businesses, and so on. The repayment of this investment loan uses the money from the business that has just been financed with this capital.
The amount of cash issued by banks varies depending on the policy of each bank. But for the largest numbers, banks can provide up to IDR 40 billion with a period of up to 15 years. The average interest charged is below 10% annually. The documents required to obtain an investment credit in the form of an identity card, NPWP, SIUP, deed of business establishment, and savings account.