If you are an entrepreneur and owner of a company or a craft or commercial activity and need a loan to finance the business , to acquire the raw materials, capital goods and all the resources necessary for the production cycle of your company, can opt for loans assisted with a change title dedicated to the corporate world.
Loans with bills of exchange are a valid alternative to traditional forms of disbursement of credit and allow all the holders of VAT to be granted financial capital in an absolutely fast and fast, after assessing the creditworthiness of the applicant, the assessment of the state health and well-being of the business cycle and guarantees presented by the loan contractor.
In the imaginary collective of every commercial entrepreneur, the idea has been rooted that loans with bills of exchange give the possibility of having a low and generally insufficient amount of financial capital.
In fact, the reality is not so because the commercial and credit supply of credit institutions and, even more so, by credit intermediaries and agents in financial activities, is aimed at exceeding 50/60 thousand euros , returnable in bills. We see in this guide which financial and credit intermediaries are able to meet the demand of the corporate world, under what conditions and commercial offers. First, let’s see what the change title is and what legislation governs it.
Loans assisted with the change title: Currency law
With regard to the legislative framework, the Royal Decree n. 1669 of 14/12/1933 (published in the Official Gazette n.292 of 19/12/1933) replaces the previous legislation concerning bills of exchange, contained in the Commercial Code and, now implemented in the Currency Law. This regulatory source that dates back to 1933, however, is still modern and re-evaluated from the point of view of commercial practice, in particular for private loans for private individuals and for the world of small-medium sized and large companies. Interesting and still in force is the dictated device contained in Article 1 of the Cambiarian Law concerning the discipline of the issue and the form of the change title:
“The bill contains:
1) the denomination of a bill inserted in the context of the title and expressed in the language in which it is drawn up; 2) the unconditional order to pay a determined sum; 3) the name, place and date of birth or the tax code of the person designated to pay (draw); 4) an indication of the expiry; 5) an indication of the place of payment; 6) the name of the person to whom or to the order of which payment must be made; 7) an indication of the date and place where the bill is issued; 8) the signature of the person who issues the bill of exchange (traente). “
Funding dedicated to the business world: aims and characteristics
Loans dedicated to the productive and entrepreneurial world are financial resources dedicated and provided by the credit and banking system to allow companies to carry out their normal production cycle and manage the treasury cycle without incurring in “standstills” or periods of “production stagnation”. ; the loans are absolutely aimed at ensuring and meeting the needs of each activity with convenient proposals and attractive advantages. Whether they are short-term or medium-long term, in most cases the bill is an executive credit instrument and the order that makes the lending position of the lender stronger in commercial or financial negotiations. In case of non-payment, in fact, the creditor has the certainty to start the forced procedure against the debtor, without having to wait for the bureaucratic process that is necessary in the case of corporate loans not assisted by the presence of the change title. As far as the interesting commercial offer is concerned, DBS Service offers a loan to a maximum of 50,000 euros, repayable with bills on a monthly basis: in some cases, which can be assessed according to the collateral, they can also be paid out loans of more than 50,000 euros. During the signing of the loan contract, an amortization plan is defined, generally at a fixed rate and constant rate, the amount of which varies between 12 and 120 months. The company loan is repaid by paying the regularly stamped change. Loans changed for companies 5 (100%) 1 vote
drafting of corporate loans with bills of exchange