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LOANS FOR SMALL BUSINESS Loans are usually associated with a long period of execution, a necessity in drawing of a detailed business plan and other complications. Microloans for small business are free of such complications - they are easy to receive and client friendly. Such microloans are granted by Kreditprombank as promptly as practicable under MSP-1 credit line of the European Bank for Reconstruction and development.
- Microloans for your business may be granted during 2 to 3 days without a necessity in a submission of a voluminous document package, or insurance or a requirement to draw a business plan.
- Commodities in circulation, sales auxiliaries and even personal belongings (audio and video appliances or computers) may be pledged under microloans to amounts below USD5,000. Vehicles, real estate, production equipment and sales auxiliaries may be pledged for the loans exceeding the mentioned amount. Property of third persons also may be pledged for the purposes of receiving of microloans.
- At present, microloans may be granted in Kyiv and Donetsk, and the Bank plans to extend the geography of such service.
WHY KREDITPROMBANK?
- Today, Kreditprombank is the only bank assessing the pledged property at its market value without discounts usually applied by other banks. Since the value of a pledge shall not exceed the amount of a loan, Kreditprombank may offer you a loan to an amount exceeding the amount of loans offered by other banks by 1.5 - 2 times.
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| MICROLOAN CONDITIONS |
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| Borrower |
- Private entrepreneur or an enterprise (private enterprise, limited liability company) having current business at the time of receivng of a loan.
- Sphere of activity: commerce, production, services.
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| Member bank | OJSC "Kreditprombank" |
| Amount of loan | Amount of loan: USD 100 – USD 20,000 (equivalent amount in hryvnias). |
| Loan period | Below 12 months – for replenishment of floating assets.
Below 24 months – for acquisition of fixed assets. |
| Loan purpose | Loans are granted for the purposes of:
- a purchase of equipment, vehicles or real estate
- a diversification of the commodity range.
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| Repayment of loan | By equal monthly instalments; interest is accrued on the remainder of the debt. |
| Collateral | Minimum pledge requirements. Any property belonging to you may be pledged: commodities in circulation, or any personal property (audio and video appliances or vehicles).
The pledged property is assessed at its market value without discounts.
Loans are granted for 100 % of the value of a pledge; no additional collateral is required. |
| Special conditions | A loan may not be granted for the purposes of financing of the projects, that are:
- aimed at the manufacture and delivery of arms and armament and other military activities
- associated with operation of casinos and other kinds of gambler business
- aimed at manufacture and delivery of tobacco products and alcohol beverages
- violate the standards of health care, environmental and safety regulations, or Environmental Requirements of the EBRD.
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The note: we ask to mean, that given conditions of financing are not final and can change in each concrete case.
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