Starting a business is not easy. This process involves a lot of planning and preparation to anticipate problems that may be facing up front. One of the preparations that has 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 provides 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 because 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 micro, small and medium-sized businesses owned by the people. KUR provides capital loans, especially for businesses engaged in agriculture, fisheries and marine, 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 Credit

Investment credit is a loan that is 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.

Working Capital Credit (KMK)

Working Capital Credit or KMK is given for the purpose of developing a larger business. Therefore, in this loan there are conditions that must be met, namely the business has a permit and has been running for approximately 1 year. KMK is a short-term loan that is only one year.

In one year, the value of credit disbursement is a maximum of 70% of the total need for working capital, with collateral for the business itself. Loans can be withdrawn repeatedly at any time as long as they do not exceed the specified amount of funds. Documents that must be prepared when making this type of loan in the form of KTP, KK, savings book, information on income and proof have dependents and installments.

Venture Capital

Venture capital is a loan in the form of investment where creditors provide financing in the form of equity participation with a cooperation agreement within a certain period. The basic concept held by venture capital is the same as stock. It’s just that this given capital comes from venture companies.

Venture capital is a high risk investment, but with high returns. Why is that? Because investors here lend to high-risk businesses and do not meet the standards of open companies to get loan capital from banks.

There are four types of venture capital that can be chosen, namely equality financing  that provides direct financing,  semi equality  financing  that provides partial loans in the form of shares and bonds, establishes new businesses and types of profit sharing, the distribution of which has been agreed upon from the start . To apply for venture capital, it is necessary to prepare documents such as business establishment certificates, SIUP, NPWP, business profiles, financial statements, current accounts and other supporting documents.

Multipurpose Credit (KMG)

Multipurpose Credit or KMG is a banking product that provides loan facilities where the borrower is required to provide collateral or collateral. Unlike previous types of loans, multipurpose loans require borrowers to provide a number of assets as collateral to creditors. In fact, this guarantee determines how much cash will be lent. The greater the guarantee given, the greater the loan that can be received.

The bank dares to disburse funds of up to IDR 5 billion with a long period of time up to more than 10 years. However, the interest rates offered are still quite high and adjust to market conditions. If the market conditions are good, the interest can be below 10%, but if the market conditions are not stable it can exceed 15%. In addition to asset guarantees, the borrower also needs to prepare several documents such as loan application forms, KTP, KK, NPWP, savings accounts, income recap, SIUP, business photos and electricity or UN accounts.

Online Credit

One that is rife in the world of credit today is online loans This type of loan is a money lending facility provided by financial service providers that operate online . This online loan provider is commonly known as  fintech. Based on OJK data, the number of online loan or credit providers in 2017 has reached 100,940 with loan funds worth 2.56 trillion.

Opportunities to get loans from online credit are quite large, flexible and have simple requirements. If you want to apply for credit online, it is generally sufficient to prepare a KTP, NPWP, salary slip and KK. The types of loan products are varied and can be adjusted according to needs.

Loans from relatives

Other venture capital loans are loans from relatives or closest people. Although this loan is not as formal as a loan from a registered loan provider company, the borrower should still make a detailed proposal regarding the business being run. This is for mutual comfort and to prevent future problems because there are no clear boundaries and rules.

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