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Available loans 5-7-9%

PUMB is a participant of the state program for supporting small- and medium-sized Businesses the “Affordable loans 5-7-9%”, providing financial support through cheaper loans, state compensation of the interest rate to the level of 5%, 7%, and 9% per annum for loans in national currency.
The program is implemented by the Government of Ukraine at the initiative of the President of Ukraine through the Enterprise Development Fund.

5-7-9
Conditions of the program

Loan

  • up to 3 million UAH (for refinancing – without restrictions, except loans for refinancing investment projects);
  • up to 5 years for investment loans
    up to 2 years – for working capital loans funds;
  • a loan or line of credit. 

The special purpose of the loan

"Investment goals"

  • acquisition of new and used fixed assets, their modernization;
  • acquisition of non-residential property without a right of renting out; 
  • construction and reconstruction of premises (except office); 
  • acquisition of intellectual property rights (franchising); 
  • replenishment of working capital up to 25% of the cost of the investment project; 
  • refinancing of investment projects.

"Anti-crisis measures"

 

  • replenishment of working capital to cover regular expenses (expenses for the payment of salaries, rental and utility bills, services for the protection of production and office premises, taxes, fees and other mandatory payments provided by law and expenses for other purposes necessary to maintain the working condition of fixed assets and storage of goods, materials, and customer inventories); 
  • production of medicines/medical products/medical equipment, as well as loan debt refinancing, provided for the purposes specified in this paragraph.

"Refinancing"

  • refinancing of existing debt on loans in banks of Ukraine.

Borrower's own contribution

  • for an existing business – at least 20%;
  • for a newly formed business – at least 30%.

Repayment schedule

  • interest – monthly;
  • loan – monthly in equal installments (deferred payments is possible).

Security

  • object of lending, if it relates to the main types of security;
  • alternative/additional security – property related to the main types of security.

Interest

  • 0.5% of the loan amount for the provision of a loan (paid once);
  • 0.5% of the loan amount for service (paid once).
Details

The compensation interest rate (rate for the customer) depends on the purpose of financing, the annual amount of income from business activities, and the number of jobs created.

"Investment goals" (including refinancing of investment projects):

  • 5% per annum – if the proceeds are up to 50 million UAH and at least 2 new jobs are created within one quarter;
  • 7% per annum – for a business with proceeds of up to 50 million UAH;
  • 9% per annum – for a business with proceeds from 50 to 100 million UAH.

For a business with proceeds from 50 million UAH to 100 million UAH, -0.5% for each new job (at least 5%), rate revision quarterly.

"Anti-crisis measures"*:

  • 3% – with proceeds from 0 to 100 million UAH.

* loan for "anti-crisis measures" can be applied no later than 90 days after the end of the quarantine.

"Refinancing":

  • 0% – refinancing of existing loan debt, in the case, if at least 60% of the payroll fund and 80% of the headcount are retained (until March 31, 2021 – further at the Bank's standard rate). Annual proceeds are no more than 10 million euros (determined at the average annual rate of the National Bank of Ukraine).

The basic interest rate is determined by the formula:

For existing business

For a newly formed business

For loans and refinancing

UIRD (3m) + 3.5%

UIRD (3m) + 5.5%

UIRD (3m) + 3.5%*

where UIRD (Ukrainian Index of Retail Deposit Rates) – which is calculated on the basis of nominal rates of the market of individuals deposits, announced by banks of Ukraine for a period of 3 months.

It is approved by the resolution of the Cabinet of Ministers of Ukraine No. 28 of 24.01.20 (with amendments and annexes).

Does your enterprise qualify for the program?

Operating enterprises

Newly formed enterprises

  • Doing business for more than 12 mo.
  • Profitable business activity for the last reporting year
  • Annual income from activities is no more than 100 million UAH (total for a group of related companies)
  • Participants (founders) and ultimate beneficial owners (controllers) of which are individuals – residents of Ukraine
  • Not subject to restrictions on the provision of state support, as defined by Article 13 of the Law of Ukraine “On the Development and State Support of Small and Medium Enterprises”
  • The total amount of state support received under any program, over a three-year period, cannot exceed the equivalent of 200,000 euros (total for a group of related companies)
  • Doing business for less than 12 mo.
  • Availability of a quality business plan for the implementation of the investment project
  • Annual income from activities is no more than 100 million UAH (total for a group of related companies)
  • Participants (founders) and ultimate beneficial owners (controllers) of which are individuals – residents of Ukraine
  • Not subject to restrictions on the provision of state support, as defined by Article 13 of the Law of Ukraine “On the Development and State Support of Small and Medium Enterprises”

Operating enterprises

  • Doing business for more than 12 mo.
  • Profitable business activity for the last reporting year
  • Annual income from activities is no more than 100 million UAH (total for a group of related companies)
  • Participants (founders) and ultimate beneficial owners (controllers) of which are individuals – residents of Ukraine
  • ​• Not subject to restrictions on the provision of state support, as defined by Article 13 of the Law of Ukraine “On the Development and State Support of Small and Medium Enterprises”
  • The total amount of state support received under any program, over a three-year period, cannot exceed the equivalent of 200,000 euros (total for a group of related companies)

Newly formed enterprises

  • Doing business for less than 12 mo.
  • Availability of a quality business plan for the implementation of the investment project
  • Annual income from activities is no more than 100 million UAH (total for a group of related companies)
  • Participants (founders) and ultimate beneficial owners (controllers) of which are individuals – residents of Ukraine
  • • Not subject to restrictions on the provision of state support, as defined by Article 13 of the Law of Ukraine “On the Development and State Support of Small and Medium Enterprises”
Questions and answers
For what needs can I get a loan?

Investment goals:

  • 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 industrial purposes);
  • acquisition of non-residential real estate for the purpose of carrying out business activities without the right to transfer such real estate for paid or free use to third parties;
  • implementation of construction, reconstruction, repair in the premises in which the main economic activity is carried out (except for office premises), which belong to the customer on the basis of ownership or use;
  • acquisition 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 the investment project, the amount is no more than 25% of the project cost financed by credit funds;
  • refinancing of investment projects.

Anti-crisis measures:

  • investment purposes related to the implementation of activities for the production of medicines and/or medical devices and/or medical equipment, as well as for refinancing debt on a loan granted for the purposes specified in this paragraph;
  • financing of working capital to cover fixed (regular) expenses (expenses for payment of employees' wages, rental and utility bills, services for the protection of production and office premises, taxes, fees and other mandatory payments provided by law and expenses for other purposes necessary to maintain the working condition of fixed assets and storage of goods, materials, and reserve).

Refinancing:

  • loans are provided for refinancing loan debt, incl. PUMB.

What does the loan rate depend on?

​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 (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 (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 0 to 50 (inclusive)
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 from 0 to 100 (inclusive) from 0 to 50 (inclusive) up to 10 million euros
Minimum increase in jobs, workers   2   saving 80% of jobs and 60% of the wage bill
Compensation interest rate, per annum 3% 5%*** 7%** 9%** 0%*

* valid until March 31, 2021, and after this date – on the terms determined by the Bank in the loan agreement (at the Bank's standard interest rate).
** the 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.
*** increases by 1% for each full-time employee who has been laid off, but cannot be higher than 7%.

Who can be a participant in the program?

PUMB provides loans within the program to legal entities – representatives of small and micro enterprises, which meet the following criteria:

Eligibility criteria

Who can not be a participant?

Business entities that do not meet the requirements of the Bank and eligibility criteria defined by the Program cannot be recipients of state support and cannot participate:

 

  • industries are defined by the current legislation on state support as prohibited;
  • legal entities, the founders and ultimate beneficiaries of which are individuals – non-residents of Ukraine;
  • persons who have outstanding debts to the State or local budget, the Pension Fund, funds of compulsory state social insurance;
  • persons with a negative credit history and overdue loans;
  • persons with respect to whom bankruptcy/insolvency proceedings are opened and/or in a state of reorganization/liquidation;
  • persons who have received state support over the past 3 years, which exceeds the amount equivalent to 200 thousand euros (total for the group of related companies);
  • persons whose accounts are arrested or blocked, or for 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.

 

Is a loan already issued at the indicated rate or the interest compensated during the term of the contract?

The loan agreement indicates the basic and compensation interest rates (0% - 3% - 5% - 7% - 9%).

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

The rate is reviewed quarterly.

What should I do to get a loan?

  • Contact the bank branch
  • Submit the following list of documents
  • Check for compliance with the criteria of the program and the Bank

 

What can be used as collateral for a loan?

As security can be arranged the property of the customer or guarantor, equipment, vehicles, real estate, as well as fixed assets purchased at the expense of credit funds.

Do I need insurance for a loan?

Yes, you need property insurance for the collateral.

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

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