Bank guarantees from Sberbank. Conditions and cost of a Sberbank bank guarantee
The largest financial organization in the Russian Federation, Sberbank of Russia, provides its clients with a wide range of banking products and services. Among them, a special place is occupied by the bank guarantee of Sberbank. It is indispensable in cases where a company needs to guarantee the fulfillment of its obligations under a contract, but at the same time temporarily refuse to withdraw funds from its turnover.
Warranty and its features
The need to issue a guarantee from Sberbank often arises among medium and small companies in situations where they must fulfill financial obligations to partners, but there is no opportunity to immediately withdraw funds from circulation. PJSC Sberbank seems to be one of the most reliable guarantors, providing its clients with several services of this kind at once.
To issue a guarantee, entrepreneurs should visit the nearest branch of this financial institution that provides services to legal entities. In addition, if you wish, you can use a special form on the bank’s official website, which will save time and apply for the service remotely.
This service is especially popular among small businesses, who are targeted by Sberbank’s offer. For such companies, the turnover of funds often does not allow them to fulfill their obligations to counterparties in a timely manner.
The list of branches that work with legal entities can be viewed on the website when submitting an application, which simplifies the application procedure. Sberbank of Russia provides its guarantees within the framework of two main programs - “Business Guarantee”, as well as its special version, which can be issued in 1 day.
Sberbank identifies 2 programs for providing business guarantees
"Business guarantee in 1 day"
Perhaps the most popular type of guarantee from this financial institution is the express version, designed for unforeseen situations. It has many features that make it indispensable when it is necessary to provide business partners with funds.
Among them:
- the minimum set of documentation required to obtain the service;
- absence of guarantors and collateral;
- there is no need to open an account with Sberbank;
- The amount provided as part of the service ranges from 15 thousand to 15 million rubles.
Such a profitable offer is available exclusively to individual entrepreneurs, as well as representatives of small businesses whose annual income does not exceed 400 million rubles. The entrepreneur’s application will be reviewed within 8 working hours, after which the financial institution will be able to make a decision on providing guarantees. The product is valid for no more than 3 years.
Despite the fact that providing a guarantor is not a mandatory requirement for processing the product, it allows you to make its terms much more favorable for the client. A mandatory requirement is the period of conduct of the so-called economic activity. The conditions stipulate that it must be at least six months old to qualify for the guarantee.
As a rule, the cost of a bank guarantee of this type in Sberbank is 0.49% of its amount, but the organization’s commission cannot be less than 4 thousand rubles. The actual terms of the product directly depend on the financial performance of the borrower’s company, as well as on the involvement of a guarantor.
It must be remembered that at the time of repayment of the last installment on the product, persons with individual entrepreneur status must be no more than 70 years old.
Under special circumstances, a bank guarantee can be issued in one day
"Business Guarantee"
The standard version differs from the express version only in the maximum amount of the amount received - it can reach 4 million rubles and depends on the financial performance of the borrowing company. The standard version of the service can also be purchased exclusively by small businesses. Review of an application for a service does not exceed 3 days.
This type of product is often used when working with tenders, government procurement, and other similar forms of business activity. If a guarantee is required to secure agreements falling under Federal Laws No. 44, 223, 271 and 185, then the maximum limit on the amount can reach 8 million rubles.
It should be taken into account that only those companies whose annual revenue does not exceed 400 million rubles can take advantage of the offer. In this case, the warranty period can reach 2-3 years. The interest rate on this product is significantly higher than that of the express option and is at least 2.66% of the total amount.
The size of the minimum commission directly depends on the availability of collateral or guarantors at the client’s company:
- from 27 thousand rubles with collateral;
- from 20 thousand rubles in the absence of collateral/guarantors;
- from 15 thousand rubles if there is collateral in a bill or deposit equivalent;
- from 17.5 thousand rubles with guarantors.
In addition, a penalty fee of 73 thousand is provided if the client was found to have failed to make mandatory payments. The minimum amount of such a guarantee starts from 50,000 rubles.
To obtain a bank guarantee from Sberbank, you need to provide certain documents
Registration procedure
In order to receive a guarantee from Sberbank, clients should collect the necessary package of documents and also visit a branch of this organization with them to submit an application and clarify the terms of the service. The receipt procedure involves several stages of obtaining a guarantee:
- The client contacts a representative of the financial institution to clarify the terms of the product, as well as provide information about the company and draw up an application for a guarantee.
- To the completed application, the client attaches a full package of documents confirming the data specified in it.
- The financial institution considers potential risks, the borrower's credit history and the performance of his enterprise.
- The bank makes a decision on issuing/non-issuing the product to the client.
- If the decision is positive, the entrepreneur visits the bank branch again to receive the product and conclude an agreement.
Despite the obvious advantages of these types of products, they also have certain disadvantages. The most significant of them seems to be the lengthy registration procedure, which is compensated by the size of the guarantee amount.
What documents will be required
In order to take advantage of one of Sberbank’s offers, you will need to collect a certain package of documents. Their list must include the following items:
- Completed application.
- Applicant's passport.
- Papers on state registration of an enterprise.
- Extracts from the tax office and the unified register.
- Papers on the execution of cash settlement operations.
- Constituent documents of the enterprise.
- Accounting documents.
- An agreement with a counterparty that requires the provision of a guarantee.
If desired, the client can attract guarantors, which will allow him to obtain a guarantee for a larger amount. In such a situation, the package of documents will necessarily include papers confirming the solvency of the persons involved as guarantors and other additional documentation.
It is determined individually and depends on the financial condition of the applicant, the quality of the documents provided and the terms of the contract or tender. The total cost includes a mandatory fee for issuing collateral and an additional commission, which is charged by the bank only when a guarantee event occurs. BG for small businesses can be issued without collateral or guarantee in the amount of up to 8 million rubles.
Requirements for the principal
- issued to companies registered in Russia.
- The minimum period for conducting business activities should be 6–12 months (depending on the field of business).
- The minimum guarantee amount should be 50 thousand rubles.
- The maximum period for reimbursement of payment under a regressive claim of the bank is 3 months.
Important!
In addition to Sberbank, we cooperate with 26 other financial institutions accredited by the Ministry of Finance to issue financial statements. With our help, you can apply for VTB, Skib and others.
Advantages of obtaining a bank guarantee from Sberbank
When you issue a Sberbank bank guarantee for government contracts through Gostender Style, you can count on quickly receiving security for up to 36 months. The amount of bank remuneration for issuing a bank guarantee under 44-FZ to Sberbank ranges from 2.66% (payment is made to the bank account). Our company's services are provided free of charge.
Why is it worth issuing a bank guarantee from Sberbank of Russia through Gostender Style?
- You will not need to delve into all the requirements of the bank to register a bank account;
- You do not need to visit a Sberbank branch, since registration is carried out remotely;
- You can receive a guarantee from anywhere in Russia;
- Your contacts with the bank will be kept to a minimum.
Due to the competent preparation of the necessary documents by our specialists, the processing time for applications is significantly reduced. Even if Sberbank refuses, by contacting us, you will be able to receive K2, Sovcombank and more than 20 other banks in the shortest possible time.
The largest state-owned bank in Russia has become famous not only for its tariff plans and innovative solutions for individuals, but also for its favorable offers for legal clients. Small business is a developing industry that requires support with documentation and initial financing. Sberbank “Bank guarantee to ensure contract execution” is a unique offer for small businesses, the conditions of which facilitate the possibility of purchasing goods and arranging long-term supplies with third-party organizations.
In this material we will look at the terms of cooperation in 2019, the process of submitting the necessary documents and the features of working with third-party companies using bank guarantee services.
“Bank Guarantee” is a unique credit solution for small businesses, providing unique conditions for working with legal entities. The preferential tariff is available for use exclusively by representatives of small organizations, the financial status of which will have to be documented.
Taking advantage of such an offer will not only increase your potential payment power and credibility with other companies, but can also help your business grow rapidly. This tariff plan has many features that require preliminary study.
To be able to understand in detail the functioning of the solution, it is necessary to introduce the following banking terminology:
- principal – your company, which is a small business and acts as a borrower of funds and a customer for the long-term delivery of a consignment of goods or the provision of services;
- beneficiary - the organization with which you will sign agreements for further cooperation and purchase of goods. A mandatory condition for concluding an agreement includes its preliminary approval and notification of the intention to use the Sberbank guarantee;
- guarantor bank - such an organization is Sberbank, which guarantees timely payment of scheduled payments for the purchased batch of goods.
The principle of operation is to preliminary prepare a contact with the beneficiary with installment payments for the supply of goods. You must agree to use the services of a guarantor bank, which will be responsible for your solvency.
Sberbank also takes responsibility for preparing further documentation for the financial transaction, which simplifies work with other organizations.
- the bank guarantees the payment of the first payment, the amount of which can be up to 25% of the total transaction value. This process is discussed in documentation when concluding an agreement, a generally accepted example of which can be downloaded from an open source;
- If you violate the terms or terms of payment, the guarantor bank undertakes to cover all financial costs incurred without fail. The additional documentation provides a detailed list of such “warranty” cases subject to payment.
Using Sberbank services, you also receive additional bonuses for running your own business:
- The service allows you to become a participant in Sberbank’s own auction, which will help you find a beneficiary in the near future. Detailed information on the auction is posted in the corresponding section on the official website of the largest state-owned bank in Russia;
- The bank assumes all obligations for the preparation of documentation and registration of current accounts for the payment of taxes. There are no various “hidden” taxes here, which indicates the openness of the transactions;
- The mandatory deadline for payment of imposed customs duties on the import of a consignment of goods can be divided into several parts and ultimately postponed for a period of up to 1 year. This item is especially in demand by companies with limited payment capacity, which do not have the opportunity to pay a large amount for customs duties at once.
The service has been present on the banking market for a long time, and user reviews are predominantly positive. Using a Sberbank guarantee is a kind of low-interest loan for a small business. Connecting to your own auction will not only increase your turnover, but also significantly expand your active customer base, which will help bring your company out of stagnation. The ability to defer payment of taxes and customs duties allows you to use funds for business development and additional purchases of goods.
An important point is that the initial payment does not apply to the loan, but to an advance, which reduces interest payments on the total amount. A bank guarantee when a bank’s license is revoked should not bother an active client, since Sberbank has been a leading organization in its market for a long time, possessing a large loan portfolio. There is no point in thinking about terminating the activities of such a bank.
The disadvantages include a large list of required documentation and the need to provide guarantors, the number of which depends on the amount requested. This issue requires separate consideration, together with the percentage commission.
Sberbank "Bank guarantee": cost of service
To obtain a bank guarantee, you must first collect a complete list of documentation, which includes:
- a completed application in the prescribed form, which can be obtained at the nearest service office or downloaded from the official bank website. Printed filling is also allowed;
- passport or other identification document of the business owner;
- documentation confirming state registration with a corresponding extract from the register;
- the company must be registered with active tax authorities;
- you must use Sberbank's cash and settlement services and present a plastic card containing your signature options;
- constituent documentation with the corresponding protocol must prove your ownership of the individual entrepreneur or company;
- accounting documentation must contain complete information about the current balance sheet, profit and loss statements for the past year and other data on the use of funds;
- current contract with the supplier and additional documentation indicating pricing specifications.
Sberbank is famous for its individual approach to each client, which influenced the interest rate for this service. The commission can range from 2% to 10% of the requested amount, and will be announced as a result of the conclusion of the contract. The maximum amount depends on the size of your profit and the value of the collateral of your property and the property of the co-borrower. Only those organizations whose financial turnover does not exceed 400 million rubles over the past year can use the service. You can find out how much the late payment fee and other information cost by calling the toll-free support service or by contacting the Sberbank service office.
Active business development is almost impossible without financial support from banks for entrepreneurs. One of the most reliable partners and lenders to small businesses is Sberbank. And a bank guarantee to ensure the execution of a contract has long become one of the most convenient financial instruments aimed at helping businessmen sign profitable contracts. This service allows entrepreneurs to guarantee their own solvency and present themselves to potential partners in the most favorable light. The result of concluding such an agreement with a financial institution will be the opportunity to develop, participate in tenders and simply receive higher profits.
Receiving guarantees is a great way to reinforce your own intentions and become a more attractive partner. But, before contacting the bank and submitting an application, you need to understand what this service is in 2019.
Actually, finding out what bank guarantees are is extremely simple, since the very name of this instrument clearly indicates its essence. This service is a guaranteed payment by the credit institution for all losses and damages that were incurred by the organization as a result of the businessman’s failure to fulfill his obligations. In this case, losses are compensated in the amount specified in the previously concluded agreement, and only in those cases in which the bank has undertaken to pay for the losses.
Types of Sberbank guarantees
Taking into account the strictly targeted nature of this service, Sberbank has provided several types of guarantee agreements:
- for the fulfillment of obligations - the most common and popular option associated with banal financial support for actions not performed by a businessman or services not provided (especially relevant for legal entities);
- tender - an extremely popular option, necessary for participation in various government procurement competitions and tenders;
- customs – required in situations where an entrepreneur expects to delay making customs duties;
- for the return of the advance payment - as the name suggests, it provides for the return of advance payments if the performer failed to cope with the functions assigned to him;
- tax – allows you to receive compensation and refunds from the Federal Tax Service in a timely manner, without waiting for an audit, which allows you to receive additional funds for running your business.
All of the listed types of Sberbank bank guarantees are aimed at simplifying the conduct of personal business and increasing financial turnover, which should lead to increased profits.
Conditions for issuing a bank guarantee from Sberbank
Anyone wishing to receive bank assistance must meet several simple conditions imposed on applicants for guarantees. Sberbank has established the following requirements:
- the enterprise’s income cannot exceed 400 million, since this service is provided only to small and medium-sized businesses;
- the duration of the contract is from one to two years;
- the minimum amount cannot be less than 50 thousand;
- a pledge or surety is required;
- the minimum interest rate is 11.73% per annum;
- the refund period in case of a warranty claim is three months;
- for the assistance provided, the credit institution requires a fee of 5, 8 or 14 thousand, depending on the terms of the concluded agreement;
- Late payment results in the accrual of penalties equal to 0.1% per day of the total debt amount.
Taking into account the listed requirements and conditions, it is necessary to be extremely responsible in fulfilling your duties, so that later you do not have to write angry reviews and comments.
Sberbank bank guarantee: service cost
Knowing how much bank help costs, you need to take a closer look at the specifics of receiving it. In general, it is extremely simple and will not cause any difficulties for applicants.
To receive support, you will need to collect documents, visit the nearest branch, write a corresponding application and wait for a decision, after which all that remains is to conclude an agreement.
At the same time, in order not to waste time, it is necessary to prepare in advance the package of papers required to complete the application. It includes:
- a borrower's application form containing information about the entrepreneur and his business (you should not look for a sample of it, since it is much more convenient to fill it out when submitting an application);
- title papers, which include all the most important information about the business (USRIP, charter, etc.);
- financial statements for the last 5 reporting periods;
- a business plan containing the main aspects of the company’s development and indicating the most important factors for business growth;
- a contract that requires financial guarantees;
- papers related to the pledge;
- the statement itself.
It is worth noting that a complete list of all necessary documents can be obtained from support operators. Contact center phone number 88005555777.
Additionally, it is worth noting that using Sberbank’s services guarantees the absence of problems associated with finding a bank guarantee when revoking a bank’s license.
Concluding a transaction always involves risk, since one of the parties may be unable to fulfill its financial obligations. A bank guarantee will help to avoid such a situation. You need to take the choice of a bank seriously, because your reputation will depend on its reliability. Let's figure out under what conditions you can get a bank guarantee from the oldest bank in Russia - Sberbank.
The bank guarantee is intended to help the company be ready to participate in the tender and enter into a profitable contract, as well as guarantee its obligations to the tax and customs authorities regarding payments to the budget. With the help of a bank guarantee, a company confirms its solvency, but not at the expense of its own or borrowed funds, but through a written guarantee from the bank. This is a kind of promise from the bank (guarantor) to pay your partners (beneficiaries) if your company (principal) fails to fulfill its obligations. Is it worth noting that a guarantee from a reliable partner like Sberbank is the key to the success of your business. And the choice of a credit institution should be approached carefully.
How to choose a bank to receive a bank guarantee?
First, you need to study the conditions under which various banks are willing to provide guarantees. Firstly, this is the guarantee amount. In many banks, the maximum amount is determined individually, depending on the financial stability of the company. Next you need to find out the value rewards bank for issuing a guarantee, as a rule, it is 1-5%. An important parameter is interest rate in the event of a warranty claim, i.e. in case the bank pays money for your obligations. This means that if your company is still unable to fulfill its financial or other obligations, your bank will come to the rescue. He will pay your partners, and the percentage of the provision of this service will be 10-30%.The refund period is usually several months. Also, when choosing a bank, you should pay attention to the collateral that may be required to obtain a bank guarantee. As a rule, this is a pledge of movable and immovable property or a surety. However, many banks provide guarantee obligations, even if they are not secured by collateral, in particular, Sberbank of Russia.
What types of guarantees does Sberbank provide?
Since 2013, Sberbank of Russia has been offering small businesses the “Business Guarantee” product. As part of this service you can receive:Guarantee for fulfillment of obligations, including under state and municipal contracts. Such a document is provided by Sberbank to the company that has won the bidding for a government order (government contract). In order for the customer to enter into an agreement with the winning company, it must provide a guarantee that in the event of its improper performance of the contract, the bank will pay the guarantee amount to the customer to cover fines and penalties. Tender guarantee. This type of guarantee is issued at the request of the tender organizer and eliminates the risk that: the bidder will withdraw the application for participation after the deadline for its submission; the winner of the tender will refuse to enter into an agreement for the supply of goods/performance of work or will perform it in an improper manner. Holding a tender is a very risky undertaking; this way the customer not only ensures his/her own safety, but also weeds out unreliable companies. Customs guarantee. This is a written commitment issued by Sberbank to customs authorities, which guarantees that the company will pay customs duties. This type of guarantee provides a deferred payment of customs duties for up to 1 year. But not every bank has the right to issue a guarantee to customs authorities, but only those that are included in a special register. Sberbank was included in it by order of the Federal Customs Service dated June 2, 2008 No. 683 “On approval of the Register of banks and other credit organizations.” Advance payment refund guarantee. After concluding a contract with your company for the performance of services/supply of goods, the customer can pay an advance. Its size can be up to 30% of the contract size. However, before receiving an advance, you must provide a guarantee of its return. This is how the customer tries to protect himself from misuse of the advance by the contractor. If the advance is spent for other purposes, then Sberbank returns the funds to him. Guarantee in favor of tax authorities. A written commitment from Sberbank issued in favor of the tax authorities to ensure that the company pays payments to the Federal Tax Service. In particular, the guarantee of payment of VAT in favor of the Federal Tax Service gives the taxpayer the opportunity to receive a refund of the amount of VAT declared for reimbursement in the tax return, even before the completion of the desk tax audit. Accordingly, the client receives money, which he puts into circulation and earns due to the absence of delays. According to paragraph 4 of Article 176.1 of the Tax Code of the Russian Federation, only a bank that meets the established requirements can act as a guarantor. Sberbank meets these conditions: its authorized capital is more than the required 500 million rubles, and its own funds are more than 1 billion rubles.
What documents are required to obtain a bank guarantee from Sberbank?
- Application for a guarantee (drawn up on the borrower’s letterhead in any form, indicating the amount, purpose of the guarantee, deadline for its receipt, security);
- Borrower's Questionnaire;
- Title documents;
- Accounting statements for the last 5 reporting dates, transcripts thereto;
- Business plan for the period of receipt of the guarantee (cash flow forecast and income and expense plan);
- Documents for the transaction, which must be secured by a guarantee;
- Security documents.
Conditions for providing a bank guarantee at Sberbank
Main limitation Sberbank’s “Business Guarantee” services are the annual revenue of an enterprise, which should not exceed 400 million rubles. This limitation is due to the fact that this service is part of the line of loans for small businesses.Term, which comes with a warranty of 1 to 24 months. Guarantee amount- from 50 thousand rubles. The maximum amount is limited by the face value of the bill if the collateral is a Sberbank bill, in other cases it is determined by the client’s solvency. The issuance fee is from 2% of the amount of the issued guarantee.
Eat minimum threshold, remuneration, it depends on the type of collateral: against Sberbank bills - 5 thousand rubles, against a guarantee - 10 thousand rubles, against property - 14 thousand rubles. The interest rate in case of a warranty case is from 10% per annum. However, it is valid for a period of 12 months and full security of Sberbank bills, and final interest rate depends on the financial condition of the client.
The payment reimbursement period under the guarantee is 3 months. The penalty for late return of payment is 0.1% of the overdue debt, calculated on the amount of the overdue payment for each day of delay.
Table 1. Conditions for issuing a bank guarantee at Sberbank of Russia
Term |
From 1 to 24 months |
Remuneration for issuing a guarantee |
From 2% of the amount of the issued guarantee, but not less: 5000 rubles. — when issuing guarantees secured by Sberbank bills, 10,000 rub. - on guarantee, |
Interest rate for the diversion of the Bank's funds upon the occurrence of a guarantee event |
From 10% per annum |
Loan currency |
Russian rubles, US dollars, euros |
Types of guarantees |
Guarantee of fulfillment of obligations |
Guarantee amount |
From 50,000 rubles. The maximum amount is limited only by the client’s financial condition; when secured by Sberbank bills, it is limited to the bill amount |
Guarantee payment refund period |
3 months |
Security |
Guarantee of an individual/legal entity Pledge of existing property |
Insurance |
Not required |
Penalty for late reimbursement of payment under a warranty obligation |
0.1% of the overdue debt for reimbursement of payment under the guarantee obligation. Accrued on the amount of the overdue payment for each day of delay |
Possible types of guarantee guarantees:
vehicles; equipment; inventory items; real estate objects; Sberbank bills; guarantee of business owners; guarantees of constituent entities of the Russian Federation or municipalities; guarantee of Small Business Support Funds; farm animals; guarantees from other banks.
Relationships upon the occurrence of circumstances covered by the guarantee
If, nevertheless, a warranty case occurs, Sberbank must pay the beneficiary the required amount. The injured party (customer of services/products who did not receive them or received them in inadequate quality) must present their demands in writing, and it must necessarily indicate how the principal violated his obligations. Documents must be submitted before the expiration of the bank guarantee. Sberbank’s refusal to pay can only occur in two cases: the beneficiary’s requirements do not meet the terms of the guarantee or the guarantee period has expired.A bank guarantee is a formal promise from the bank (guarantor) to pay your partners (beneficiaries) if your company (principal) fails to fulfill its obligations.
An irrevocable bank guarantee is the most reliable way to secure obligations.
An irrevocable letter of credit is a letter of credit that cannot be canceled or changed without the consent of the parties concerned.
A bill of exchange is a security that certifies the obligation of the drawer (or another payer specified in the bill) to pay, after a certain period of time, the amount of money indicated in it to the owner of the bill (bill holder).