No-Interest Starter Bank Loan:
No-Interest Starter Bank Loan
The No-Interest Starter Bank Loan is a loan given by the Department of Economy for banks that wish to obtain money to kickstart their business. No-interest starter loans must be paid back to the government in four months. In other words, a new private bank must be self-sufficient within four months of opening.
Maximum Loan Amount
The maximum loan amount that can be requested is 50,000kr. The amount that will be given will depend on the player's activity, conduct, on the /joindate and /playtime. The Department of Economy, when approving the request, will finally decide the amount that the player can borrow, depending on their reliability.
Repayments
Repayments are to be made in instalments to "BusinessCraftGov" every month, on the day that the loan application was accepted. A screenshot of the transaction must be sent each month in the player's forum loan application. Failure to repay the loan will result in their company being disbanded, subtraction of funds and permanent ban from any business grant.
Requirements
- You must be registered on the Business Registration Thread. Here
- You must have a good business plan before you apply.
- You must not have any recent criminal charges on your record.
- You must have a DoE role in your company's Discord for auditing.
- You must provide a blank copy of your bank's finance sheets.
- You must sign a contract with the DoE, upon approval of your request.
- You can only apply for this loan once.
Eligibility for the loan is determined by business registration status and /joindate and /playtime. Approval is decided by the Department of Economy.
Application Process:
1. Select the Application Format from below.
Application Format - No-Interest Starter Bank Loan
2. Go back to the Central Bank section.
3. Create a new thread titled "[Username] - No-Interest Starter Bank Loan" with the Pending prefix. Example: "Ferre007_ - No-Interest Starter Bank Loan".
4. Paste in the format and fill it in.
5. Post your application and wait for an Economy Secretary or the Minister to reply to your application.
IMPORTANT:
Any misuse or lack of use of funds may result in a Lawsuit from the Government.
No-Interest Starter Bank Loan
The No-Interest Starter Bank Loan is a loan given by the Department of Economy for banks that wish to obtain money to kickstart their business. No-interest starter loans must be paid back to the government in four months. In other words, a new private bank must be self-sufficient within four months of opening.
Maximum Loan Amount
The maximum loan amount that can be requested is 50,000kr. The amount that will be given will depend on the player's activity, conduct, on the /joindate and /playtime. The Department of Economy, when approving the request, will finally decide the amount that the player can borrow, depending on their reliability.
Repayments
Repayments are to be made in instalments to "BusinessCraftGov" every month, on the day that the loan application was accepted. A screenshot of the transaction must be sent each month in the player's forum loan application. Failure to repay the loan will result in their company being disbanded, subtraction of funds and permanent ban from any business grant.
Requirements
- You must be registered on the Business Registration Thread. Here
- You must have a good business plan before you apply.
- You must not have any recent criminal charges on your record.
- You must have a DoE role in your company's Discord for auditing.
- You must provide a blank copy of your bank's finance sheets.
- You must sign a contract with the DoE, upon approval of your request.
- You can only apply for this loan once.
Eligibility for the loan is determined by business registration status and /joindate and /playtime. Approval is decided by the Department of Economy.
Application Process:
1. Select the Application Format from below.
Application Format - No-Interest Starter Bank Loan
- In-game Name:
- Business Name:
- Business Registration Link:
- Join Date:
- Current Playtime:
- Current Balance:
- Requested Amount:
- Business Plan:
- A blank copy of your Bank’s Finance:
- Business Name:
- Business Registration Link:
- Join Date:
- Current Playtime:
- Current Balance:
- Requested Amount:
- Business Plan:
- A blank copy of your Bank’s Finance:
2. Go back to the Central Bank section.
3. Create a new thread titled "[Username] - No-Interest Starter Bank Loan" with the Pending prefix. Example: "Ferre007_ - No-Interest Starter Bank Loan".
4. Paste in the format and fill it in.
5. Post your application and wait for an Economy Secretary or the Minister to reply to your application.
IMPORTANT:
Any misuse or lack of use of funds may result in a Lawsuit from the Government.
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