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Uralsib Bank extends business loans under the SME Corporation umbrella

Borrowing opportunities extend to customers whose annual earnings do not surpass 2 billion rubles.

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3 min read
Businesses can secure loans from Uralsib Bank, supported by the SME Corporation's umbrella.
Businesses can secure loans from Uralsib Bank, supported by the SME Corporation's umbrella.

Uralsib Bank extends business loans under the SME Corporation umbrella

UralSib Bank Introduces Umbrella Guarantee Program to Support Russian Businesses

UralSib Bank, a leading financial institution in Russia, has launched the Umbrella Guarantee program to provide loans of up to 100 million rubles to businesses seeking financing for various purposes. This program is designed to support the growth and development of businesses, particularly Small and Medium Enterprises (SMEs), across the country.

The Umbrella Guarantee program offers attractive loan terms and conditions, making it an appealing option for businesses seeking financial support. Here are the key features of the program:

  1. Loan Amount: The program offers loans ranging from a few million rubles to 100 million rubles, catering to a wide range of business needs.
  2. Purpose of Loan: The funds can be used for business development, working capital needs, investment projects, or other approved business purposes.
  3. Term of Loan: The loan maturity varies depending on the project, ranging from short-term loans (several months) to medium or long-term loans (several years), with a maximum term of up to 5 years or more.
  4. Interest Rate: The interest rate is competitive and may be lower than typical commercial rates due to the guarantee backing. Rates can be fixed or floating, often linked to the Central Bank of Russia’s key rate plus a margin.
  5. Guarantee Coverage: The Umbrella Guarantee provides a partial risk guarantee on the loan, reducing the lender’s risk. The guarantee typically covers a significant portion of the principal, although exact coverage percentages depend on program guidelines and agreements.
  6. Collateral: The program’s guarantee may reduce the collateral requirements. However, additional collateral may still be required depending on the borrower’s creditworthiness and loan specifics.
  7. Eligibility: Businesses registered and operating in Russia are eligible for the program. While primarily aimed at SMEs, larger enterprises may also qualify, depending on the program's scope. The businesses must comply with sector and activity restrictions as determined by the program.
  8. Application Process: To apply for a loan, businesses must submit a business plan or project documentation, undergo credit evaluation by UralSib Bank, and receive approval from the guarantee fund or authority providing the Umbrella Guarantee.
  9. Repayment Terms: Loan repayments are scheduled monthly or quarterly, including principal and interest. Grace periods may be available depending on the project type.
  10. Fees and Commissions: Possible fees for guarantee issuance and loan servicing may apply. Exact amounts depend on the guarantee provider and bank’s policies.

It is essential to note that the Umbrella Guarantee program is typically supported or co-funded by regional or federal government initiatives to stimulate business financing. Businesses interested in this program are advised to consult with UralSib Bank representatives to get tailored information and assistance with documentation.

Before applying for a loan, it is crucial to assess your financial capabilities and risks. The maximum interest rate is capped by the program. Loans have terms up to 10 years, and the Corporation for SME Development acts as a guarantor, covering up to 50% of the loan obligations.

For more information about the Umbrella Guarantee program, visit the official website of PJSC "BANK URAILSIB" at https://www.uralsib.ru/ or contact them via email, Telegram, VKontakte, or by phone at 8-800-250-77-16. PJSC "BANK URAILSIB" operates under a general license issued by the Bank of Russia (No. 30 from 10.09.15). The bank handles all interactions, including payment of the guarantee commission.

The program is designed for companies without or insufficient collateral, and it does not require the borrower to interact with the Corporation for SME Development. PJSC "BANK URAILSIB" has an OGRN of 1020280000190 and erid of 2W5zFGeyH2Q.

  1. This Umbrella Guarantee program, introduced by UralSib Bank, is a significant development in the finance sector, as it offers loans to businesses for a variety of purposes, supporting the growth and development of businesses across Russia, particularly Small and Medium Enterprises (SMEs).
  2. In the business world, the attractive loan terms and conditions offered by UralSib Bank's Umbrella Guarantee program make it an appealing option for businesses seeking financial support, as they can receive loans ranging from a few million rubles to 100 million rubles, with competitive interest rates and flexible repayment schedules.

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