ProCredit Bank offers new credit service – “Seasonal Loan”

Appreciating the needs of small and middle-sized business in credit resources and considering Ukraine’s enormous agricultural potential ProCredit Bank is glad to offer its customers new credit facility – a “Seasonal Loan”. This brand new product has been developed in consideration of the needs of corporate clients whose business is seasonal in nature and requires working capital financing. Sole proprietors and agricultural producers can take out a Seasonal Loan at 27 % interest per annum for a period of up to 8 months. A Seasonal Loan provides for convenient maturity dates and a flexible repayment schedule with consideration for seasonality in business. It is also possible to obtain a grace period for repayment of the principal amount. In addition, ProCredit Bank continues to actively cooperate with SME clients by offering a full range of banking service.       “We continually improve our products so that they meet the market needs. Designing ProCredit “Seasonal Loan” facility our experts above all tried to take all external factors into account to create an indispensable tool to promote seasonal business growth”, – says Dmitriy Yudenko, ProCredit Bank’s Executive Director. In its activities ProCredit focuses on promoting business development and understands how important is to provide timely financing. Thus, already in autumn of 2009 we have renewed business lending on favourable terms. Today ProCredit Bank opens credit lines and sets up overdrafts for corporate clients, provides credit facilities to agricultural enterprises and of course offers term loans to small and medium-sized businesses.