SME Bank Has Provided B&N Bank RUB 1 Billion for SME Support

30 Ноября 2016
SME Bank has provided B&N Bank RUB 1 billion for SME support. The relevant agreements were concluded recently under SME-Duet and SME-Investments credit products.
Credit support will be provided to entrepreneurs for up to 7 years. To obtain financing at a reduced rate an SME should provide an SME Bank’s guarantee of not less than 45% of the loan amount.
The resources can be used for a wide range of purposes: purchase or repair of equipment, purchase of vehicles, real estate, reconstruction, expansion of production and other investment purposes. Moreover, the entrepreneurs get the opportunity to refinance the investment loans and to raise funds for implementation of the existing projects.
SME Bank and B&N Bank have cooperated under the SME Lending Support Program since 2013. The partners have signed 22 loan agreements for RUB 4.1 billion, 298 SMEs have received support. 

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