- Our Client’s needs and specifics of their business take top priority with us, which is exactly why we have tried our best to take into account the needs of entrepreneurs with various size of business. Principal advantages of our lending products include flexible approach to collateral, fast decision-making process and one of the broadest regional networks among Russian banks. In addition, there is also possibility of obtaining long-term resources (with tenors up to 5 years), the absence of compulsory collateral insurance, and tailor-made repayment schedules. We define small and medium-sized enterprises (SMEs) as businesses with annual turnover of up to RUB 540 million and maximum credit exposure to the Bank of up to RUB 45 million.
- Promsvyazbank offers three main loan products for three different groups of SME clients, with loan amounts ranging from RUB 300,000 to RUB 45 million: (1) “PSB-First”; (2) “PSB-Business”; and (3) “PSB-Invest”. The loans can be extended in rubles, dollars, or euros. These products are designed to finance working capital needs, capital expenditure, but also personal needs of entrepreneurs, with amounts of up to RUB 1 million. PSB also offers specialized loan products:
- “PSB-Transport” loans are granted for the purchase of commercial vehicles that are used as collateral under the terms of the loan. The loan amount can range from RUB 150,000 to RUB 30 million, with a maximum tenor of five years.
- “PSB-Overdraft” is a classic short-term unsecured loan product for financing Client’s ongoing day-to-day economic activities. The loan amount can range from RUB 1 million to RUB 15 million.
- “PSB-Turnover” is meant for SMEs with needs for credit facility that would substantially exceed their average monthly turnover through the Bank’s accounts. This loan can finance either working capital or capital expenditure. The amount can be up to RUB 45 million, with a maximum term of 12 months.
Three new loan products - PSB-Real Estate, PSB-Equipment and PSB-Franchising - will be launched in 2008.
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