Oleg Igorevich Novikov, founder of NG Finance
I help businesses find financing: I work with Russian LLCs and individual entrepreneurs to understand which product fits their needs — a loan, revolving credit line, credit facility, working capital financing, overdraft, leasing, factoring, bank guarantee, secured financing or an option after a bank decline.
My role begins with assessing turnover, existing debt, documents, financing purpose, potential risks and a realistic application strategy before approaching a bank.
Why I focus on a preliminary assessment
For an entrepreneur, a bank decline is more than a formal answer. An application often reflects a specific need: purchasing stock, paying a supplier, fulfilling a contract, buying equipment, covering payroll or rent, managing seasonal growth, opening a new location or bridging a cash flow gap.
That is why I do not support the approach of sending an application to every bank and seeing what happens. Unplanned applications may result in repeated declines and make later discussions harder. It is more useful to establish which product fits, which banks may consider the application, which documents are needed and where the business has weaknesses.
At NG Finance, I structure the process to give entrepreneurs a clear picture of the financing options available, possible barriers to approval and steps they can take before applying.
The business needs we help with
We start with a specific business need. It determines the product, lender, documents and application strategy.
Funding for stock, raw materials and suppliers
Choosing a loan, revolving credit line, credit facility or another product for regular purchasing and working capital needs.
When payments fall due before income arrives
We assess whether an overdraft, revolving credit line, factoring, working capital loan or short-term financing may fit.
Revolving credit line
We help you understand what limit may be realistic, what the bank checks and how to prepare a business application for a revolving credit line.
Machinery, vehicles and business equipment
We compare a loan, leasing, secured financing or a combined structure to finance equipment purchases.
Understanding a bank's reasons for declining
We examine possible reasons: turnover, existing debt, documents, product fit, industry, collateral or the way the application was submitted.
Financing orders and contracts
Identifying solutions for contract performance, purchasing materials, bank guarantees and financing against expected receipts.
How the process works
The aim is to identify an application strategy that gives the business a stronger prospect of a proper review.
Understanding the business need
First, I establish why the funds are needed: working capital, purchasing, a cash flow gap, equipment, a contract, a franchise, marketplace sales or refinancing.
Reviewing the financial picture
I assess turnover, existing debt, time in business, the tax regime, documents, potential risks and weaknesses in the application.
Choosing a suitable product
Depending on the need, an option may be a loan, revolving credit line, overdraft, credit facility, leasing, factoring, guarantee, secured financing or alternative finance.
Planning the application strategy
I identify which banks, microfinance providers, investors or other sources of finance may be worth approaching and in what order.
Helping prepare the application
The application should explain the amount needed, why it is justified, how the business will repay it and which documents support the proposed transaction.
Supporting the review through to a decision
The review may involve questions, document requests and clarifications about turnover, collateral, the loan purpose or the transaction structure.
The principles behind NG Finance
Explore further
These key pages provide more information about our services, articles and financing options.
Want to understand which financing options may be available to your business?
Submit an enquiry and I will assess your circumstances, business needs, documents and existing debt, then suggest financing options worth exploring.