Business loans are available from Uralsib under the banner of SME Corporation for entrepreneurs seeking financial assistance.
UralSib Bank has announced the availability of business loans under the "Umbrella Guarantee" program, designed to support small and medium-sized enterprises (SMEs). This program is backed by the Corporation for SME Development and offers loans of up to 100 million rubles.
Loan Details
The loans can be used for working capital, investment purposes, and refinancing from other banks. The loan term offered by UralSib is up to 10 years, providing businesses with ample time to repay the loan.
Companies without sufficient collateral can also benefit from this program. The Corporation for SME Development acts as a guarantor, covering up to 50% of the loan obligations. This means that businesses can access the funds they need, even if they don't have the traditional collateral required for a loan.
Eligibility Criteria
The "Umbrella Guarantee" program is aimed at SMEs that require loan support secured by a guarantee. Eligibility criteria often include the borrower’s business sector, credit history, and compliance with the bank’s risk requirements.
Interest Rates and Terms
Interest rates under this program are competitive and depend on the borrower’s creditworthiness, loan amount, and term. Rates might be fixed or floating and often range according to the current market conditions and bank policy.
Loan terms can vary but generally range from short-term financing of a few months up to several years, commonly up to 3-5 years depending on the specific agreement.
Application Process
For more information about loans under the "Umbrella Guarantee" program, visit the UralSib website, call 8-800-250-77-16, or visit a bank office. The bank handles all interactions, including payment of the guarantee commission.
It is worth noting that UralSib's card was included in the top 10 of the July credit card rating, as reported by Yuga.ru.
For the precise and up-to-date details of the "Umbrella Guarantee" program at UralSib Bank, such as exact eligibility criteria, loan amounts, terms, and interest rates, it is best to consult the bank directly or visit their official website or contact their business lending division, since these parameters can change over time.
In summary, UralSib Bank's "Umbrella Guarantee" program offers businesses an opportunity to access loans, even without traditional collateral, backed by the Corporation for SME Development. The loans can be used for various business purposes, and the terms and interest rates are competitive. For further information, reach out to UralSib Bank directly.
Small and medium-sized enterprises (SMEs) can apply for business loans from UralSib Bank under the "Umbrella Guarantee" program, which is designed to support these businesses. These loans can be utilized for working capital, investment purposes, or refinancing from other banks, with terms extending up to 10 years. Despite not having sufficient collateral, companies can still qualify for these loans, as the Corporation for SME Development acts as a guarantor, covering up to 50% of the loan obligations.
