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Privileges

01

Low interest rate due to compensation from the state

02

The interest rate may decrease according to job growth

03

The program is open to both existing and newly established enterprises

04

Payment grace period until the end of 2021
Interest compensation
 
  • Form of lending
    Credit or credit line
  • Сurrency
    UAH
  • Maximum limit
    50 million UAH

    For a group of related counterparties in all banks of Ukraine for the duration of the program

  • Loan
    Up to 5 years - for investment loans
    Up to 3 years - for loans to replenish working capital
  • Type of collateral
    Movable or immovable property, other types of collateral, except for property rights under a bank deposit agreement
  • Type and size of interest rate
    Not less than 5% per annum

    Compensation rate taking into account the support of the Entrepreneurship Development Fund

  • Commission
    Up to 1%
  • Own contribution
    10-15%

    For existing business - from 10% of the project amoun

    For newly created business - from 15% of the project amount

  • The purpose of the loan

    Acquisition and/or modernization of fixed assets, vehicles to be used for commercial purposes, except for the acquisition of real estate

     

    Carrying out construction/reconstruction/repair in premises where the customer conducts economic activity (except for office premises)

     

    Acquisition of non-residential real estate and/or land plots without the right to lease

     

    Acquisition of intellectual property rights (franchising)

     

    Replenishment of working capital up to 25% of the investment project cost

     

    Or refinancing of loans issued for such purposes

Terms of the loan

For businesses with an annual income of up to UAH 50 million

Provided that at least 2 new employees are hired during the period ending with the first full calendar quarter of the loan

Compensatory interest rate: 5% per annum

For businesses with an annual income of up to UAH 50 million

For each new job, the interest rate is reduced by 0.5% per annum, but not less than 5% per annum

Compensatory interest rate: 7% per annum

For businesses with an annual income over UAH 50 million

For each new job, the interest rate is reduced by 0.5% per annum, but not less than 5% per annum

Compensatory interest rate: 9% per annum


Credit guarantees
Thanks to credit guarantees, the state covers part of the credit risk of the SMSE through the Entrepreneurship Development Fund.

State support in the form of Credit Guarantees is provided only in combination with support in the form of Compensation for interest on SMSE loans that meet the requirements of the program.

Fee for Warranty

  • 0.5% per annum of the amount owed on the SMSE loan

Level of warranty coverage

  • For existing business - 50% of the amount owed on the SMSE loan

  • For newly established business and anti-crisis loans in areas 01 and 02 - 80% of the amount owed on the SMSE loan


Anti-crisis measures
Introduced by the Government of Ukraine to provide financial support to the SMSE in order to minimize and overcome the negative effects of quarantine measures and to prevent the spread of acute respiratory disease COVID-19 caused by the coronavirus SARS-CoV-2.

Anti-crisis measures will be in force during the quarantine or restrictive measures and within 90 days from the date of its (their) cancellation.
The main directions of anti-crisis measures

01

Support for investment projects related to the production of medicines, medical devices, medical equipment, as well as refinancing of SMSE loans for these purposes

02

Support of SMSE liquidity at the expense of a loan to replenish working capital

  • Compensatory interest rate
    0% for the period of quarantine duration for 90 days from its cancellation
    3% thereafter
  • Loan
    Up to 5 years - for investment loans
    Up to 3 years - for loans to replenish working capital
  • Maximum limit
    50 million UAH

    Рer group of related counterparties in all banks of Ukraine for the duration of the program

03

Refinancing of existing debt on SMSE loans in the banks of Ukraine
(subject to compliance with including additional criteria for SMSE)
  • Compensatory interest rate
    0% per annum until 31.03.2021
    3% per annum from 01.04.2021
  • Loan
    Up to 5 years
  • Maximum limit
    50 million UAH

    Рer group of related counterparties in all banks of Ukraine for the duration of the program

Additional eligibility criteria for SMSE
  • Saving at least 50% of the payroll compared to 01.03.2020
  • Saving at least 50% of the average number of employees compared to 01.03.2020

Terms of participation
  • State registration as a legal entity of private law or an individual entrepreneur

  • Participants and the ultimate beneficial owner (controller) is an individual - a resident of Ukraine

  • The annual income from any activity does not exceed the equivalent of EUR 20 million at the time of application, including related companies

  • The total amount of state support for a group of related companies for the last three years may not exceed the equivalent of EUR 200,000

  • Does not fall under the restrictions on state support set out in Article 13 of the Law of Ukraine “On Development and State Support of Small and Medium-Sized Enterprises”) (except for SMSE, which are not covered by this rule in accordance with current legislation of Ukraine and within the prescribed period)

  • For newly established enterprises (conducting business for less than 12 months) - experience and business plan for the implementation of the investment project

How to get a loan

01

To apply at the link

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The manager will contact you shortly
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