Individuals - entrepreneurs can receive financing from the state-owned Ukrgasbank for a total amount of up to UAH 1 million for a period of 12 to 24 months. This was reported by the press service of the bank.

Loans are provided both for current activities and for investment purposes.

This may be the purchase of goods and raw materials or the acquisition and modernization of equipment, vehicles and real estate used in business..

The bank has simplified the process of obtaining a loan:.

the application can be submitted online on the bank's website or by calling the hotline 0 800-305-305;

loan documents can also be submitted remotely without a visit to the bank;

collateral, guarantee and insurance are absent;

The decision is made within 1 day.

“This is a solution for the development of microbusiness,” said Tatyana Kornienko, director of the department at Ukrgasbank.

Recall that representatives of small and medium-sized businesses through government guarantees on a portfolio basis for two years (from December 2020 to November 2022 inclusive) received more than 17.6 thousand. loans totaling almost 57.5 billion. hryvnia.

The leader in work under the state guarantee scheme is Privatbank, serving almost 10.9 thousand. loans totaling 16.8 billion. UAH.

Regarding the types of economic activity, the top three are as follows:.

agriculture (6969 loans for 33.5 billion. UAH.

wholesale and retail trade, repair of vehicles (5287 loans for 8.7 billion. UAH.

processing industry (1318 loans for 4.9 billion. UAH.

Read about the problems that small and medium-sized businesses face during the war in Viktor Vilchinsky's article “Small and Medium-sized Businesses During the War: How to Get Financing?