Entrepreneurs of Russia received rapid financing for a total of 7.02 billion rubles in SME Bank, the subsidiary bank of the SMEs corporation. A new support tool has become available to small and medium businesses in September 2021 as part of the Express Support Credit Product. The proposal has already managed to take advantage of more than 1 thousand companies and individual entrepreneurs. About this “Lente.ru” told in the press service of the Bank of SMEs.
Entrepreneurs with a period of service for more than 12 months can get a loan on the product “Express support” in the amount of up to 10 million rubles at a profitable reduced rate from 11.5 percent per annum. The preferential loan is provided for the purposes of further business development, to replenish working capital, financing current activities, as well as investment financing. Its main advantages – the possibility of designing online and the term of consideration of the application 72 hours.
“One of the requests that was formulated as part of a dialogue with entrepreneurs became access to rapid financing – to replenish and increase working capital, the development of new directions, implementation of investment projects,” said the Chairman of the Supervisory Board of SME Bank, CEO of the Corporation SME Alexander Isaevich.
According to Alexander Isaevich, this financial instrument was introduced quite recently, but the bank has already received positive feedback from business. It is also extremely important that the express loan is available to entrepreneurs from affected industries and will help them rebuild for the period of certain regional anticoid restrictions. Entrepreneurs themselves took part in its development.
Among the main activities of borrowers: Wholesale trade (18 percent), Construction of buildings (10 percent), Retail trade (9 percent), Transport services (5 percent), Construction work (5 percent), Nailing (4 percent) . “Thanks to a new tool, representatives of small and microbusiness have received the possibility of rapid lending in our bank,” Petr Polesky, Chairman of the Board of SMEs, noted. – At the same time, it is possible to arrange “express support” in everything without visiting the bank from anywhere in Russia. “
Jackbot’s shipbuilding company from Samara became one of the recipients of express support. The pandemic influenced the decline in purchasing power, and demanded investigative investments in the production of additional funds. The bank provided by the ISM Bank of Financing in the amount of 3 million rubles provided the company’s production utilization and retained jobs. By adding funding for express loan to available funds, Jackbot purchased raw materials and materials for more than 8 boats.
In the top 10 of the main regions, entrepreneurs of which were attracted by express financing, Moskva, Novosibirsk region, St. Petersburg, Samara region, Perm region, Tyumen region, Khanty-Mansiysk AO, Udmurt Republic, Republic of Tatarstan and Transbaikal Territory .