Oschadbank — loan programs for business (entrepreneurs)

Loans from Oschadbank are provided to legal entities and individual entrepreneurs for the conduct, development and support of economic activities. 

They are an important tool for increasing the competitiveness of Ukrainian enterprises and responding to emergencies.  

They are becoming more and more relevant for businesses that are trying to maintain their positions in the state market during the war, as they offer preferential conditions and the possibility of obtaining funds without collateral. To learn more, we suggest that you read this article.   

Oschadbank: what are the features of obtaining financing for business under the loan programs of this bank?   

Oschadbank is one of the largest banks in the country, offering a variety of lending programs depending on the type and size of the business.  

The policy of this banking institution is constant cooperation with various international partners, in particular within the framework of expanding lending opportunities to entrepreneurs.  

Applying to Oschadbank includes:  

• a wide range of loan programs (from lending without collateral and affordable loans with preferential interest rates to lending, part of which is covered by a state guarantee);  
• clear requirements for business (conducting economic activities for more than one year, profitability of activities for the last reporting year, the possibility of documentary confirmation of the legality of the origin of funds);  
• a simple process of obtaining loans by entrepreneurs (by filling out an online application, obtaining a preliminary decision and a final interview with bank representatives);  
• additional benefits for Oschadbank customers (no commissions, except for payment for maintenance, independent choice of loan repayment scheme, etc.).    

The main lending programs for business from Oschadbank: what you need to know?   

Microloan for entrepreneurs   

Today there is an opportunity to obtain microcredit for business development from Oschadbank on favorable terms. Two main types of microloans are offered for entrepreneurs — with collateral and without collateral, respectively. 

Below we will consider each of them:  

• the first option is the financing of working capital, as well as the implementation of business investment goals (purchase of new equipment, real estate and capital expenditures) with a maturity of up to five years and an interest rate of 7.72% per annum;  

• The second option is exclusive replenishment of working capital with a maturity of up to one year and an interest rate of 12.85% per annum.  

It should be immediately emphasized that with microlending without collateral or surety, more stringent conditions and higher interest rates are possible. In general, under such programs, you can get up to UAH 1,000,000.   

Lending 5-7-9 for projects to improve energy efficiency of entrepreneurs  

The most popular today are the types of loans from Oschadbank with preferential interest rates of  5%, 7% and 9%, respectively.  

This loan program allows businesses to both replenish working capital and purchase equipment to improve their own energy efficiency (for example, solar panels).  

The general conditions will be as follows:  

1. the interest rate may not exceed 9% per annum and depends on the purpose of the sale of funds and the number of jobs created at the enterprise;  
2. The repayment period for most loans is up to five years, but it can also be up to ten years;  
3. the maximum amount that can be received is UAH 150,000,000;  
4. It is envisaged to contribute own funds to cover part of the energy efficiency project  (15% or more).  

Loan for exporters of Ukrainian goods   

Oschadbank, in partnership with the Export Credit Agency, also offers a special program to support domestic businesses engaged in the export of Ukrainian goods.  

Among the key conditions of this initiative, the following should be highlighted:  

• firstly, the loan amount can be up to UAH 20,000,000, but not more than 85% of the contract amount;  
• secondly, the period for refund does not exceed one year;  
• thirdly, the forms of obtaining funds can be a loan or a credit line;  
• Finally, the insurance policy and the proceeds under the contract are taken as collateral.  

How to increase your chances of getting a loan from Oschadbank for your business?  

Obtaining a loan for your own business is not an easy and lengthy process. Almost 75% of success in this business is the high-quality preparation of documents, but the reputation of the entrepreneur in general is no less important.  

As a rule, they check the presence of court proceedings in criminal cases, the legality of interaction with target consumers, the fulfillment of credit and tax obligations.  

Lawyers of Prikhodko & Partners will help you prepare and avoid serious mistakes in the process of obtaining a loan from Oschadbank, who:  

• check all documents, prepare the necessary ones;  
• analyze the terms of the loan agreement;  
• prepare for an interview with the bank;  
• will provide support at every stage of the procedure.   

Do not waste time: get advice, find out the cost of lawyer’s services and get a loan from Oschadbank for your business in the shortest possible time.