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Affordable loans 5-7-9%

PUMB is a participant of the state program of support for micro, small and medium-sized businesses "Affordable loans 5-7-9%", which provides financial assistance by making loans cheaper, through state compensation of interest rates to the level of 0%, 3%, 5%, 7% and 9% per annum on loans in national currency.
The program is implemented by the Government of Ukraine on the initiative of the President of Ukraine through the Entrepreneurship Development Fund.

Terms and conditions of the program

Up to 5 years

for investment loans and refinancing

Up to 3 years

for loans to replenish working capital

Loan

provided in the form of a non-revolving line (credit) or credit line

Up to 50 million UAH

the maximum loan amount for the whole group in all banks

Lending details

Borrower's own fee (for investment purposes)
For an existing business
Not less than 10%
For newly established businesses
Not less than 15%
Repayment schedule
Interest
Monthly

Loan
(Deferred payment is possible)

Monthly in equal installments
Security
The object of financing
If it belongs to the main types of security
Alternative /additional loan security
Property related to the main types of security (except deposits)
Commission
0,5%
From the loan amount for the loan provision (paid one-time)
0,5%
From the loan amount for service (paid one-time)

The intended purpose of the loan

Acquisition of new and used fixed assets, their modernization
Acquisition of non-residential real estate and/or land without the right to lease
Construction and reconstruction of premises (except the offices)
Acquisition of intellectual property rights (franchising)
Replenishment of working capital up to 25% of the cost of the investment project
Refinancing of investment projects
Investment objectives related to the production of medicines and/or medical devices and/or medical equipment, as well as the refinancing of debt on a loan granted for the purposes specified in this paragraph;
Replenishment of working capital
Refinancing of debt on loans, including in PUMB
*A loan for anti-crisis measures and refinancing, you can apply no later than 90 days after the end of the quarantine.

Compensation interest rate

Compensation interest rate (rate for the customer) depends on the purpose of financing, the annual volume of income from business activities, and the number of jobs created.
Investment purposes
Including to refinance debt on loans, including in FUIB
5%

per annum, if the revenue is up to  50 million UAH and at least 2 new jobs are created in one quarter

7%

per annum for businesses with revenue up to 50 million UAH

9%

per annum for businesses with revenue of 50 million UAH, but not more than the equivalent of 20 million EUR*

Anti-crisis measures
Replenishment of working capital

for businesses with revenue from 0 uah but not more than the equivalent of 20 million EUR

0%

per annum for the period of quarantine / restrictive measures and within 90 days from the date of its (their) cancellation;

3%

per annum after the lifting of quarantine / restrictive measures and the expiration of 90 days from the date of its (their) cancellation.

Refinancing
Refinancing of existing debt on loans

provided that at least 50% of the salary fund and 50% of the number of staff are preserved up to the indicators as of March 1, 2020:

0%

per annum - until March 31, 2021;

3%

per annum - from April 1, 2021.

*with the possibility of reducing by 0.5% for each new job (at least 5%), the rate is revised quarterly.

Base interest rate

Determined by the formula:

Base rate

Segment*
Per annum income (million EUR)

UIRD (3m) + 5%

For an existing business

UIRD (3m) + 7%

For a newly established business

UIRD (3m) + 5%*

For loans and refinancing
*UIRD – Ukrainian Index of Retail Deposit Rates, calculated on the basis of nominal rates of the market for deposits of individuals, which are announced by Ukrainian banks for a period of 3 months. Approved by the Resolution of the Cabinet of Ministers of Ukraine No. 28 dated 01.24.20 (as amended and supplemented).

Is your business eligible for the program?

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Operating enterprises
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Newly established enterprises
Conducting economic activity

More than 12 mo.

Less than 12 mo.

Total state support received for any program over a three-year period

It cannot exceed the
equivalent of 200,000 EUR

(total for the group of related companies)

It cannot exceed the
equivalent of 200,000 EUR

(total for the group of related companies)

Annual income from the activity

No more than the equivalent 20 million EUR (in total for a group of related companies)

No more than the equivalent 20 million EUR (in total for a group of related companies)

Participants (founders) and ultimate beneficial owners (controllers) of the enterprise

They must be individuals – residents of Ukraine

They must be individuals – residents of Ukraine

Restrictions on the provision of state support

They do not fall under the restrictions on the provision of state support, defined by article 13 of the Law of Ukraine "On the development and state support of small and medium-sized businesses"

They do not fall under the restrictions on the provision of state support, defined by article 13 of the Law of Ukraine "On the development and state support of small and medium-sized businesses"

Activity

Availability of a high-quality business plan for the implementation of an investment project

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Operating enterprises
Conducting economic activity

More than 12 mo.

Total state support received for any program over a three-year period

It cannot exceed the
equivalent of 200,000 EUR

(total for the group of related companies)

Annual income from the activity

No more than the equivalent 20 million EUR (in total for a group of related companies)

Participants (founders) and ultimate beneficial owners (controllers) of the enterprise

They must be individuals – residents of Ukraine

Restrictions on the provision of state support

They do not fall under the restrictions on the provision of state support, defined by article 13 of the Law of Ukraine "On the development and state support of small and medium-sized businesses"

Image
Newly established enterprises
Conducting economic activity

Less than 12 mo.

Total state support received for any program over a three-year period

It cannot exceed the
equivalent of 200,000 EUR

(total for the group of related companies)

Annual income from the activity

No more than the equivalent 20 million EUR (in total for a group of related companies)

Participants (founders) and ultimate beneficial owners (controllers) of the enterprise

They must be individuals – residents of Ukraine

Restrictions on the provision of state support

They do not fall under the restrictions on the provision of state support, defined by article 13 of the Law of Ukraine "On the development and state support of small and medium-sized businesses"

Activity

Availability of a high-quality business plan for the implementation of an investment project

Apply for a loan 5-7-9%

Answers to the questions you may have

  • Investment purposes:

    • acquisition and/or modernization of fixed assets, with the exception of the acquisition of vehicles (other than those that will be used for commercial and production purposes);
    • • acquisition of non-residential real estate and/or land for the purpose of carrying out economic activities, without the right to transfer such real estate for paid or free usage to third parties;
    • implementation of construction, reconstruction, repair in premises in which the main economic activity is carried out (except the office premises), which, by right of ownership or use, belong to the customer;
    • acquisition of objects of intellectual property rights under commercial concession (franchising) agreements related to the implementation of an investment project;
    • financing of working capital, when the need for such working capital is an integral part of the costs of an investment project, with a volume of no more than 25% of a project cost financed from credit funds;
    • refinancing of investment projects.

    Anti-crisis measures:

    • investment goals related to the implementation of activities for the production of medicines and/or medical devices and/or medical equipment, as well as to refinance debt on a loan provided for the purposes specified in this paragraph;
    • financing of working capital.

    Refinancing:

    • loans are provided for refinancing debt on loans, including PUMB.
  • The rate depends on the purpose of financing, the annual amount of income from business activities and changes in the number of jobs during the financing period.

     
    Conditions
    Group 1
    Purpose of the loan (in accordance with paragraph 5 of these conditions)
    Anti-crisis measures:
    The size of the annual income from an economic activity at the date of conclusion of the loan agreement (for the whole group), million hryvnia
    from 0 to 100 (inclusive)
    Minimum increase in jobs, workers
    -
    Compensation interest rate, per annum
    3%
     
    Conditions
    Group 2
    Purpose of the loan (in accordance with paragraph 5 of these conditions)
    Investment goals:
    The size of the annual income from an economic activity at the date of conclusion of the loan agreement (for the whole group), million hryvnia
    from 0 to 50 UAH million (inclusive)
    Minimum increase in jobs, workers
    2
    Compensation interest rate, per annum
    5%***
     
    Conditions
    Group 2
    Purpose of the loan (in accordance with paragraph 5 of these conditions)
    Investment goals:
    The size of the annual income from an economic activity at the date of conclusion of the loan agreement (for the whole group), million hryvnia
    from 0 to 50 UAH million (inclusive)
    Minimum increase in jobs, workers
    -
    Compensation interest rate, per annum
    7%**
     
    Conditions
    Group 2
    Purpose of the loan (in accordance with paragraph 5 of these conditions)
    Investment goals:
    The size of the annual income from an economic activity at the date of conclusion of the loan agreement (for the whole group), million hryvnia
    from 50 UAH million
    Minimum increase in jobs, workers
    -
    Compensation interest rate, per annum
    9%**
     
    Conditions
    Group 3
    Purpose of the loan (in accordance with paragraph 5 of these conditions)
    Refinancing
    The size of the annual income from an economic activity at the date of conclusion of the loan agreement (for the whole group), million hryvnia
    up to 10 million euros
    Minimum increase in jobs, workers
    saving 80% of jobs and 60% of the wage bill
    Compensation interest rate, per annum
    0%*
    Conditions Group 1 Group 2 Group 3
    Purpose of the loan (in accordance with paragraph 5 of these conditions) anti-crisis measures investment goals refinancing
    The size of the annual income from an economic activity at the date of conclusion of the loan agreement (for the whole group), million hryvnia up to 20 million euros (including) from 0 to 50 UAH million
    (inclusive)
    from 50 UAH million(inclusive) up to 20 million euros (including)
    Minimum increase in jobs, workers   2     saving 50% of jobs and 50% of the wage bill
    Compensation interest rate, percent per annum 3%1 5%2 7%3 9%3 0%4

    1valid for the period of quarantine established by the Cabinet of Ministers in order to prevent the spread of acute respiratory disease COVID-19 or restrictive measures related to its spread, and within 90 days from the date of its (their) cancellation, and then - at 3% per annum.
    2increases by 1% for each full-time employee who has been laid off, but cannot be lower than 5% and higher than 7%.
    3the interest rate decreases or increases following the results of the quarterly review by the bank by 0.5% for each created/reduced SME workplace, while it cannot be lower than 5% per annum and cannot be higher than 7% or 9% per annum, respectively.
    4valid until March 31, 2021, and after this date – at 3% per annum.

     

  • PUMB provides loans under the program to legal entities – representatives of micro- and small businesses that meet the following criteria:

    Eligibility criteria

  • Business entities that do not meet the bank's requirements and eligibility criteria that are defined by the Program can't be recipients of state support and also can't participate:

    • industries defined by the current legislation on state support as prohibited;
    • legal entities, whose founders and ultimate beneficiaries are individuals – non-residents of Ukraine;
    • persons who have outstanding debts to the state or local budget, the Pension Fund, compulsory state social insurance funds;
    • persons with a negative credit history and overdue loans;
    • persons in respect of whom the bankruptcy/insolvency proceedings have been opened and/or are in a state of reorganization/liquidation;
    • persons who have received government support over the past 3 years, which exceeds the amount equivalent of 200 thousand euros (in total for the group of related enterprises);
    • persons whose accounts are seized or blocked, or in respect of whom there are public encumbrances in the state register of encumbrances of movable property;
    • other restrictions that are directly established by the current legislation of Ukraine.
  • The loan agreement specifies the Base and Compensation interest rates (0% - 3% - 5% - 7% - 9%).

    A customer pays the interest accrued at the compensation rate payable subject to the conditions of the "Affordable loans 5-7-9%" program.
    The difference between the amount of interest accrued at the Base Interest Rate and the Compensation Interest Rate on the loan is compensated by the Entrepreneurship Development Fund at the expense of funds provided in the state budget, subject to meeting the requirements of the "Affordable loans 5-7-9%" program.

    The rate is revised quarterly.

    • Contact the bank branch
    • Submit the following list of documents 
    • Pass a check for compliance with the criteria of the program and the bank
  • The property of a customer or a guarantor, equipment, vehicles, real estate, as well as fixed assets acquired using credit funds can be drawn up as security. (Except deposits).

  • Yes, you need to insure the property, which you pledge.

    Other types of insurance are not provided for by the terms of lending under the "Affordable loans 5-7-9%" program.

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