OREANDA-NEWS. September 07, 2012. NOMOS-BANK has launched its new Revolving Line credit option for small businesses, reported the press-centre of NOMOS-BANK. 

The new product is a revolving line of credit, which can be used for working capital finance in amount up to 100% of the last 12 months’ average earnings (up to RUB 30 million). This new loan product is available for up to three years term.

The decision to approve the loan is made prior to opening an account with the Bank. A contract sets out a limit within which a small business client can keep the loan balance based on its current needs. The repaid amount of the loan increases the credit limit available. No additional applications are needed for the issuance and repayment of the loan in amount, which does not exceed the limit during the life of the revolving line credit agreement.

"We have tried to offer our customers a convenient product that allows them to replenish working capital to meet current challenges. An important advantage of the product for small business clients is the ease and convenience of using Bank loans," said NOMOS-BANK’s Director of Small business department, Roman Lesokhin.

The following assets can be collateralized: goods, machinery, equipment, real estate, NOMOS-BANK Group bonds and guarantees from funds, which provide support to small businesses.