Industrialbank simplifies small business loans
Since August 2017, individual businessman can use the new financing program from Industrialbank - an overdraft on the current account for up to 12 months and an amount up to 0,5 mln hryvnia.
"Overdraft for small business is designed to finance current business activities and replenish working capital. Loans are issued in the form of an overdraft with a limit of 30% of the amount of "net" cash inflows from the main activity to the borrower's account, " Sergey Romanenko, head of the Retail and Small Business Department of Industrialbank comments.
The new loan product has many advantages that facilitate cooperation between clients and the bank, in particular:
- Repayment of debt and interest on the loan is automatic, by writing off funds from the borrower's account;
- The bank reserves the possibility for the client to review the credit limit, subject to an increase in the turnover of funds in the accounts;
- There is no need to specify the purpose of the loan and provide collateral.
The latter factor facilitates not only the procedure for issuing a loan, but also helps small businesses in a short time to replenish working capital for development.
More detailed information on the product "Overdraft for individual businessman" can be obtained here.
Industrialbank (Zaporizhzhya), founded in 1990, is a universal Bank that provides a wide range of services to corporates and individual customers. The financial reliability of the Bank is confirmed by the ratings of the independent rating agency Credit-Rating at the level of uaA- with the stable forecast (June 27, 2017).
The profit received by Industrialbank in the first half of 2017 is about UAH 3.9 mln. The Bank's assets are UAH 2.8 billion, its own capital is UAH 850 mln. The loan portfolio of the Bank reached the level of UAH 2.0 billion, where UAH 1.9 billion – corporate loans.
Industrialbank is in the process of merging with Express Bank (Kiev), by joining the latter.