SME Bank, a subsidiary of SME Corporation, has launched a new loan product "Express Support", under which entrepreneurs working on the market for more than 12 months will be able to get a loan of up to 10 million rubles at a favorable reduced rate of 11.5%. At the same time, the application review period is 72 hours. In the business community, this step was called "a long-awaited replacement for consumer lending."
According to the Chairman of the Supervisory Board of JSC "SME Bank" - the General Director of the SME Corporation Alexander Isaevich, today more than a million entrepreneurs are forced to take out consumer loans with a rate of 16-19%. The new product allows one to attract financing to the business at a rate of 11.5%.
The purpose of lending can be further business development, replenishment of working capital, financing of current activities, as well as investments. Among the main advantages of the product is the ability to register completely online from anywhere in Russia, which is especially important during the pandemic, when business needs fast money.
According to the press service of the Bank, the product developed by the bank involves lending to borrowers with the probability of default in the range of 0.6% - 6.4% per year, with loans to borrowers with an increased level of risk within this range in the future will be provided umbrella guarantee SME Corporation.
A new tool to support entrepreneurs was launched in September 2021. SME Bank has already issued more than 400 loans to small and medium-sized businesses within the framework of the Express Support product for a total amount of more than 2.5 billion rubles.
Apply for a loan under the Express Support program and get advice on the preparation of the necessary package of documents at the address: Kazan, Moskovskaya str., 55, SME Bank.