OREANDA-NEWS. January 3, 2013. SME Bank (Vnesheconombank Group) has provided a loan under new agreements to the Factoring Company Life. The financing in the amount of RUB 900 million is granted for 2 years under the Factoring-Company credit product.

Factoring Company Life, specializing on the express-factoring for small and medium business, was SME Bank’s first partner under the SME Lending Support Program. The cooperation of the financial institutions started in 2009. Since then they have concluded 9 agreements for over RUB 3.6 billion. Nearly 1700 individual entrepreneurs and SMEs have received lending support under the Program via Factoring Company Life.