Ukrgasbank issued over 100 loans at 5-7-9%: how small businesses obtain funds.

Ukrgasbank, which is state-owned, was the first among banks to cross the mark of 100 issued loans by the end of March, and as of April 9, 121 loans had been issued, including 16 loans since the beginning of April. The total amount of issued loans exceeded 80 million UAH.

'We clearly understand the need to stimulate business during this period and therefore, despite the quarantine and mostly remote work of our managers, the bank did not stop processing applications for this presidential program for a moment. Moreover, personal visits to the bank are not required by clients - all documents can be sent to us online'

Ukrgasbank claims that a significant portion of the issued loans is intended for financing the purchase of vehicles. This is related to the quarantine and the forced necessity of restructuring businesses and organizing deliveries. Small businesses make decisions quickly and adapt promptly to new realities. The bank willingly assists in the acquisition of transport. Additionally, the available 5-7-9% loans are used for developing trade businesses, purchasing trucks, and agricultural machinery, - reported the press service of Ukrgasbank.

Ukrgasbank actively provides loans to small businesses, helping entrepreneurs purchase vehicles and develop their activities during the quarantine.