State program "Affordable loans 5-7-9%"

The Affordable Loans 5-7-9% program is for you if

• you are a legal entity or an individual entrepreneur, which is a resident of Ukraine;
• the ultimate beneficial owner (controller) is a resident of Ukraine;
• conducting business for more than 12 months.;
• you are not a person, the participant (shareholder, member) or ultimate beneficiary of which is a citizen of the state recognized by Ukraine as the aggressor state or the occupying state, and / or a person who belongs or belonged to terrorist organizations, the legal entity which participants (shareholders, members) or ultimate beneficiaries are persons who belong or belonged to terrorist organizations  
• the total amount of state support received by the borrower and / or members of the group during any three-year period of the program may not exceed the equivalent of 200 thousand euros determined according to the official exchange rate set by the NBU as of the last day of the financial year, taking into account the requirements and criteria in the part established by the Resolution of the Cabinet of Ministers of Ukraine No. 200 dated March 03, 2021.

Benefits of the "Affordable loans 5-7-9%" program

For what purposes the loan is provided?

• For the development of entrepreneurship, individual entrepreneurs.
• Replenishment of working capital.
• Lending to agricultural producers.
• Lending to prevent Russian aggression and overcome its consequences.

Priority lending areas

• restoration of fixed assets of micro, small, medium and large enterprises destroyed as a result of military aggression;
• support for micro, small, medium and large enterprises by prolonging existing loans granted to finance working capital in accordance with the Procedure for up to twelve (12) months, which conduct business activities and/or whose production facilities are located (were located) in the territories included in the list of territories where military operations were conducted and/or in the territories temporarily occupied by the Russian Federation, approved by the relevant resolution of the Cabinet of Ministers;
• financing of agricultural producers for conducting agricultural activities;
• support for business entities engaged in the production, processing of agricultural products and their sale under economic activities 10.51, 10.61, 10.71 in accordance with the Classification of Economic Activities.

Process of granting loan

• Request. Minimum package of documents.
• Business reputation check. Short analysis. Offer or Refusal.
• Collection of necessary documents.
• Financial and economic analysis. Legal analysis. Valuation of collateral.
• Loan decision.
• Loan granting.

Basic lending conditions

• Amount - up to UAH 90 million for all loans within the Program for a group of related parties.
• Currency — UAH.
• Loan period - up to 5 years for investment loans; up to 3 years - for loans to replenish working capital; up to 12 months - for trading companies; until March 31, 2024 - for loans to agricultural producers.
• Own contribution - from 10%.
• Collateral - the lending object, if it belongs to the main types of collateral; other liquid movable and immovable property; financial guarantee.
• Loan fee - up to 0.75% of the loan limit. 
• Loan service fee (operating expenses) - up to 0.75% of the loan limit. 

* The interest rate can be reduced to 5% if new jobs are created.

FAQ

What factors does the bank take into account when making decisions?

• The financial condition of the borrower and the actual turnover of the business.
• The quality of the project, which is the lending object, and the prospects for business development.
• The role of the borrower in the market and the state of the industry.
• Credit history of the borrower and their business reputation.
• Willingness of company owners to provide a guarantee.

 Is it possible to repay the loan early?

 Yes, without penalties.