Ukrsotsbank Introduces New Credit Product for Agricultural Producers
OREANDA-NEWS. March 27, 2012. PJSC "Ukrsotsbank" launched a new loan product for clients of SME whose main activity is agriculture.
The loan agreement is signed for 2 years and provides an annual funding cycle. The customer has an easy repayment schedule with projected cash flow, in other words in periods of high revenues from the sale of agricultural products.
In case of keeping financial performance at the same level, starting from the second year, the client receives a new tranche of funding automatically without any additional documents and without paying any additional fees.
Thus, by signing agreement, the customer can count on financial support of the bank's in long-term perspective and plan the development of its business according to this partnership.
"When in the course of doing business there is an urgent need for the client to pay for the crop, or fuel or lubricants, fertilizers, feeding, rearers, spare parts for repair of equipment and so on, this loan can become of a good use. While developing the loan, we took into consideration the specifics of doing business, turnover time and seasonality of getting profit",- says Olga Polonskaya, Head of SME clients department of PJSC “Ukrsotsbank”, UniCredit Bank™.
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