OREANDA-NEWS. December 26, 2007. Sole proprietors as well as small and medium-sized businesses can now purchase automobiles and trucks under ProCredit Bank's auto loan programme, the bank's press service reports.

The advantageous the new programme offers the opportunity to promptly obtain a loan without exposing business to risk. Auto loan is transferred directly onto a Car Dealership's account or is disbursed in cash. There is also no down payment. In addition to loans to purchase new vehicles from Car Dealerships, the bank also disburses loans to purchase used foreign-made cars on condition that the car is less than five years old.

Taking proper account of corporate clients' needs, the bank provides for the utmost convenience with loan maturities including flexible repayment schedule with consideration for seasonality in a borrower's business, whereas for the existing clients it is possible to obtain a loan without having to undergo financial analysis.

"Since we are responsible in our approach to lending and have a clear understanding of our clientele's objectives, we are pleased to offer this new product designed with due consideration of the needs and specific character of the business clients," says Ivan Kryakin, Head of ProCredit Bank's Retail Lending Development Department.

Besides, starting from this September corporate clients can take out a loan under "ProBusiness Mortgage" programme, where purchased real estate serves as collateral. It is a good opportunity to obtain business development financing in the form of a long-term loan for up to 15 years with minimum formalization charges.