Cabinet offers a new loan program for business

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The program provides loans to 5 billion micro, small and medium-sized businesses at low interest rates.

The Cabinet of Ministers has proposed to Verkhovna Rada to support the “New Grosso” program, which provides loans to micro, small and medium-sized businesses worth $ 5 billion at low interest rates. In a government meeting on June 3 about this Declared Prime Minister Dennis Shimgal.

According to him, Ukrainian entrepreneurs will be able to get loans at around 0%. For this, the state guarantees an 80% lending body to the bank.


Denis Shimgal
Prime Minister of Ukraine

The Prime Minister also said that the government intends to eliminate barriers so that more businesses can join low-cost loan programs. “Less control and more freedom for Ukrainian occupation,” Shimgal said.

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Recall that the Ukrainian banks issued about 550 UAH to small businesses and entrepreneurs under the 340 million state program “Available loans 5-7-9%.” Customers of Ukrgasbank, Oschadbank, PrivatBank, Ukreximbank, Bank Lviv, PUMB, Bank Alliance, Raiffeisen Bank Aval, TAScombank, Bank Vostok, Kredobank, Globus Bank, Alfa Bank and Polikombank have already taken advantage of this state program.

Read: What is the most profitable business in Ukraine: rating for investors


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