Purpose of program
- to promote the development of small and medium-sized enterprises;
- to increase investment and economic activity of SMEs;
- to create of new jobs;
- to increase revenues to the budget of the city of Kyiv.
Advantages of the program
For the period of martial law and for 90 calendar days after its termination or cancellation, support is provided at the level of 99% of the amount of interest under the loan agreement actually paid by the borrower for the reporting period at its own expense.
Subsequently, the support is provided at the level of 50% of the amount of interest under the loan agreement actually paid by the borrower for the reporting period at his own expense.
Main parameters
Funding amount
May not exceed UAH 50 million as of the date of the loan agreement between the Bank and the borrower.
Maximum nominal interest rate
UIRD (12-month) + 9%, established on the day preceding the day of the loan agreement.
Term
May not exceed 72 months, within the limits of the funds provided for in the budget for the relevant year, and requires approval to include the client in the register on an annual basis.
Collateral
Main: pledge, mortgage of real estate, surety bond, government portfolio guarantee.
The loan agreement may provide for other types of collateral to secure the borrower's fulfilment of the obligation.
Terms of participation
To participate in this program, the following 4 criteria must be met simultaneously:
Criteria 1. Registration and payment of taxes in Kyiv. For the period of martial law, it is allowed to locate production facilities throughout Ukraine.
Criteria 2. All types of activities, except for: production of alcohol, tobacco products, explosives, weapons, financial and insurance activities, programming, gambling, etc.
Criteria 3. Targeted use: purchase of equipment, machinery, modernisation of technological process, reconstruction of premises, implementation of energy saving projects and green technologies, replenishment of working capital.
Criteria 4. Borrower's own contribution of at least 20% of the loan amount.
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