Entrepreneurs in Ukraine have gained new avenues for secure business development, thanks to the special conditions of business real estate loans offered by Bank Credit Dnipro. This program is part of the state initiative "Affordable Loans 5-7-9%" and provides small businesses with favorable financing terms: low interest rates, extended loan terms, and a convenient application process. An important advantage for participants is the annual insurance coverage from INGO insurance company at no additional cost.
Loans can be obtained for purchasing business real estate or equipment. The program offers interest rate compensation, which can be as low as 7%, and can decrease to 5% with the creation of new jobs. The maximum loan amount is up to 10 million UAH, with a loan term of up to 7 years. A one-time fee of 1.5% is a competitive offer for the Ukrainian market.
The annual insurance coverage provided to entrepreneurs as a bonus comes from the most experienced company in the legal entity insurance segment – INGO insurance company. The insurance coverage includes not only classical risks like fires, accidents, and natural disasters but also military risks – missile strikes, drone debris, and other forms of armed aggression.
Insurance covers both damaged property and financial losses if a business is forced to stop operations due to military actions. An essential detail is that the insurance protection becomes effective immediately upon signing the contract. This means that entrepreneurs can be confident in their business's protection from day one.
"We participated in the bank's loan program to help entrepreneurs overcome business uncertainty during martial law and threats from aggressors," emphasized Andriy Semchenko, director of corporate business.
"One of the main barriers to investment is the fear of unforeseen losses that can adversely affect a company's financial health. The lack of protection against such risks can halt not just individual businesses but also slow down overall economic development. Therefore, the partnership between Bank Credit Dnipro and INGO is strategically important for overcoming these barriers," said Andriy Semchenko.
In turn, the bank is confident that the insurance option covering military risks adds significant value to the loan offer.
"We actively support our resilient businesses that continue to operate and find growth opportunities despite all circumstances," said Pavlo Lykhmanov, director of the small and micro business department at Bank Credit Dnipro.
"I would like to note that the insurance coverage includes not only material damage but also losses related to the interruption of business due to military risks. This allows businesses to quickly recover and resume their activities," added Pavlo.
The loan application process for entrepreneurs is similar to traditional algorithms. It requires filling out an application on the bank's website, after which specialists will consult regarding the necessary documents.
Funding under this program is already available for businesses with financial statements for the past year, a positive credit history, and active operations for at least 12 months. The proposed support mechanism can be an additional tool for entrepreneurs planning long-term investments in their business, despite the unstable economic conditions of martial law.
