Available loans 5-7-9%

Get the loan for your business under the government program «Affordable Loans 5–7–9%» at Credit Agricole!

«Affordable loans 5–7–9%» is a program facilitating access to the bank lending, namely loans at a lower interest rate for small, medium and large enterprises.

AREAS OF THE PROGRAM

• Non-priority lending areas of the Program (on general terms of the Program)

• Priority lending areas of the Program destined to support the key businesses for the economy of Ukraine, namely:

• Priority area «Agrarian producers»: financing the agrarian producers to support the agricultural businesses
• Priority area «Processing industry»: financing processing industry entities (main KVED (Classifier of types of economic activities)) under all KVEDs of Section S
• Priority area «Rebuilding of fixed assets destroyed due to the military aggression»: reconstruction of fixed assets of the Borrower destroyed as a result of military aggression, which is supported by the relevant documents
• Priority area «Loan extension for customers from the territories where hostilities took place»: support for Borrowers who conduct economic activities and/or whose production facilities are located (were located) in the territories with ongoing hostilities and/or that were temporarily occupied by the russian federation
• Priority area «Power Service»: financing entities that provide power service in order to improve energy efficiency of public and communal entities, exploitation of power generating units that generate electric power from renewable energy sources without applying the “green” tariff and market premium mechanism, energy storage units, electric charging infrastructure and small distribution systems of industrial parks, as well as construction and installation of gas turbine, gas piston and biogas generation units

Loan terms for replenishment of working capital

Loan terms for investment purposes

¹ The maximum amount of loan(s) provided under the Program to the Borrower and all participants of its GCC (taking into account financial leasing and factoring financing operations).

² During the period of martial law and 90 days after its cancellation, if the Basic interest rate calculated by the UIRD3m + margin formula is lower than the Min % rate, in addition to the Compensation Rate, the Borrower pays the difference between the Min % rate and UIRD3m + margin.

³ During martial law and within 180 calendar days after its termination or cancellation, the conditions regarding the increase/saving of jobs may not apply.

WHO CAN GET THE LOAN?

GENERAL REQUIREMENTS

• The borrower can be a business entity - a resident of Ukraine, who is:
  - a private entrepreneur, registered in accordance with the procedure established by law, or
  - a legal entity whose ultimate beneficial owners (controllers) are individuals - residents of Ukraine, or
  - an agricultural producer (within the meaning given in the Law "On State Support of Agriculture of Ukraine"). Residents and non-residents can be participants (founders) and/or ultimate beneficial owners according to the priority direction. Without applying the priority direction, ONLY a resident can be a participant (founder) and/or ultimate beneficial owner, or
  - a business entity of the state or communal sectors of the economy.
• The borrower cannot be an entity, participant (shareholder, member) or ultimate beneficiary of which are citizens of a state recognized by Ukraine as an aggressor state or an occupying state, and/or an entity that belongs or has belonged to terrorist organizations, a legal entity in which a person , who belongs or belonged to a terrorist organization, acts as a participant (shareholder, member) or ultimate beneficiary.
• The borrower is registered on the territory of Ukraine (except for the territories temporarily occupied by the russian federation, included in the list of territories with (ongoing) hostilities or temporarily occupied by the russian federation, approved by the Ministry for Reintegration, for which the date of the end of the temporary occupation has not been determined).
• The borrower must not belong to business entities defined in Art. 13 of the Law of Ukraine "On Development and State Support of Small and Medium Enterprises in Ukraine".
• The term of conducting economic activity is at least 12 months.
• The borrower, together with the Group of Connected Counterparties, for the past three calendar years, has not received state assistance exceeding the equivalent amount of 200,000 euros at the NBU exchange rate effective on the last day of the fiscal year.
  Note! The requirement is not applied
  - during the period of martial law;
  - to the Borrower engaged in agricultural production and fishing.
• Borrower from the Zone of high military risk: Borrower from the Zone of high military risk in the territory included in the  list of territories in which hostilities are (were) ongoing or temporarily occupied by the russian federation, approved by the Ministry for Reintegration, except for the city of Kyiv and Kyiv region, for which the date of termination of the possibility of hostilities has not been determined, or territories, for which the date of the end of hostilities (termination of the possibility of hostilities) or temporary occupation of which is less than three calendar years as of the date of conclusion of the loan agreement.

REQUIREMENTS FOR CERTAIN PRIORITY INDUSTRIES

Priority area «Agricultural producers»:

• financing of agricultural producers for carrying out agricultural activities. There are no restrictions on the residency of participants (founders) and/or ultimate beneficial owners.

Priority area «Processing industry»:

• financing of business entities operating in the processing industry - i.e. having a KVED (Classification of Types of Economic Activities) of the core activity provided for in section S of the National Classifier of Ukraine, and in the field of animal husbandry - i.e. having a KVED of the core activity according to all classes of group 01.4 of the KVED of section A of the National Classifier of Ukraine.

Priority area «Reconstruction of fixed assets destroyed as a result of military aggression»:

• financing of the reconstruction of fixed assets of the Borrower destroyed as a result of military aggression, which is confirmed by relevant documents.

Priority area «Loan extension for customers from the territories where hostilities took place»:

• support for Borrowers whose production facilities as of February 24, 2022 was located in the territories of ongoing hostilities (for which the date of the end of hostilities has not been determined), the territories of ongoing hostilities in which state electronic information resources function (for whom the date of the end of hostilities has not been determined), and the territories of Ukraine temporarily occupied by the russian federation (for which the date of the end of the temporary occupation has not been determined), included in the list of territories in which hostilities are (were) ongoing or temporarily occupied by the russian federation, approved by the Ministry for Reintegration on the date of conclusion or extension of the loan agreement, by extension of existing loans provided for working capital financing under the Program.

Priority area «Power Service»:

• financing entities that provide power service in order to improve energy efficiency of public and communal entities, exploitation of power generating units that generate electric power from renewable energy sources without applying the “green” tariff and market premium mechanism, energy storage units, electric charging infrastructure and small distribution systems of industrial parks, as well as construction and installation of gas turbine, gas piston and biogas generation units.

INTEREST COMPENSATION IS SUSPENDED IN THE EVENT OF

• Occurrence of overdue loan debt (on the principal of the loan and/or interest payable by the Borrower) for a period of more than 15 days (compensation is resumed from the next calendar month after the month in which the specified violation was eliminated).
  Note! During martial law, in the event of an overdue debt for a loan of more than 15 days, compensation is suspended, but the Borrower does not lose the right to receive it after repayment of the overdue debt.
• Detection of the fact that the Borrower belongs to the entities defined in sub-clause 8) Art. 13 of the Law of Ukraine "On Development and State Support of Small and Medium Enterprises in Ukraine", i.e. is in debt to the budget, the Pension Fund of Ukraine, mandatory state social insurance funds.
• In case of lack of funds from the Entrepreneurship Development Fund for interest compensation, the Borrower must independently repay all accrued interest at the Base Interest Rate (including during the period of lack of funds).
• the business entity is registered in the territories temporarily occupied by the Russian Federation, included in the list of territories in which hostilities are (were) ongoing or temporarily occupied by the russian federation, approved by the Ministry for Reintegration, for which the end date of the temporary occupation has not been determined.
  Note! The requirement is suspended as soon as the violation is eliminated

PARTICIPATION IN THE PROGRAM IS CANCELLED IN CASE IF

• The Borrower uses the loan funds not for the purpose of the loan.
• The Borrower belongs to the entities defined in Art. 13 of the Law of Ukraine "On the Development and State Support for Small and Medium-Sized Businesses in Ukraine" (except in the case of detection of the fact of non-compliance, clause 8) of Art. 13 of the specified Law of Ukraine regarding the existence of debts to the budget, the Pension Fund of Ukraine, the mandatory state social insurance funds, the violation of which is the only reason for the suspension of compensation).
• The limit of state aid received by the Borrower and the GCC is exceeded, namely:
  - minor state aid for the last 3-year period, which cannot exceed the equivalent of EUR 200,000;
  - state aid that meets the criteria of Resolution No. 200 of the Cabinet of Ministers of Ukraine dated 03.03.2021 "On approval of Criteria for assessing the permissibility of granting state aid to economic entities to overcome the consequences caused by the coronavirus disease COVID-19", which collectively starting from the date of quarantine cannot exceed the equivalent of EUR 400,000 (including minor state aid received over the last 3-year period).
  Note! The requirement is not applied
  - during martial law;
  - to the Borrower in agricultural production and fishing.
• The Borrower provided unreliable / invalid information, which led to the payment of state support funds in favour of the Borrower.
• The state authority on government support recognized the state aid, provided by the Fund for the Borrower, inadmissible for competition.