Investment capital has long been a top concern for small businesses, according to a bank representative. From expanding operations and upgrading production facilities to maintaining stable operations, everything requires financial resources. Recognizing this, the banking system has proactively designed appropriate solutions to help small businesses access capital more easily.

BVBank offers various solutions tailored to specific customer groups. For businesses with stable cash flow and in the expansion phase, the bank introduces loans based on actual cash flow. Based on factors such as taxes paid, current account balances (CASA), or deposits, customers can borrow up to 20 times their current account balance or double their deposit balance. This diverse and convenient borrowing method, with interest rates from 5.99% per year, allows for quick access to capital.

Bank staff introduce products to customers. Photo: BVBank

Bank staff introduce products to customers. Photo: BVBank

For businesses needing timely working capital, the bank offers "instant capital" loans with simple procedures and fast disbursement. This loan package has a limit of up to 1.5 billion VND, with interest rates from 0.99% per month and a maximum term of 60 months, providing an immediate financial solution for customers.

In addition, BVBank provides real estate loans specifically for small businesses wanting to own business premises or for long-term savings. This product has a maximum loan term of 25 years, a grace period of up to 36 months for principal repayment, and a progressive repayment method. Customers can also choose a competitive interest rate of 5% per year or a fixed rate for the first 24 months.

According to a bank representative, thanks to this credit package, business premises are no longer a headache due to rent, monthly expenses, and the worry of finding new premises when the lease expires. Small businesses can own suitable business premises, and they also have the opportunity for long-term savings in the future.

BVBank's solutions reflect the trend of adjusting financial policies towards the private sector. Resolution 68 of the Central Committee clearly defines the pillar role of the private economy in national development, with about 5 million small businesses currently making significant contributions to overall growth.

According to a tax management draft by the Ministry of Finance, small businesses are currently divided into four different segments: Group one, with annual revenue under 200 million VND; group two, from 200 million to 1 billion VND per year; group three, including small businesses in agriculture, industry, and construction with annual revenue from 1 to 3 billion VND, and in trade and services with annual revenue from 1 to 10 billion VND; and group four, businesses with annual revenue over 10 billion VND.

Each segment has different financial needs and methods of accessing capital. Therefore, credit institutions are required to develop specialized loan packages suitable for each customer group.

According to a BVBank representative, when banks support small businesses, not only is their access to capital improved, but it also creates opportunities for savings, expansion, and enhanced competitiveness. This will provide the private sector with more opportunities for stable development and contribute positively to the long-term growth of the economy.

Hoang Dan