Loan for business development

Understanding the need for additional financing for the development of your company, IBOX BANK offers the opportunity to set a credit limit to meet the temporary need for funds to finance capital expenditures.

Advantages of the offer from IBOX BANK:

  • additional funds for business development;
  • a flexible approach to providing;
  • obtaining a loan in the form of a revolving/non-revolving credit line or a term loan;
  • an individual approach in working with each borrower – the possibility of agreeing on the main parameters of the credit transaction, which differ from the standard program;
  • there are no hidden commissions.


Basic parameters/conditions of lending

The client category is legal entities and individuals – entrepreneurs

Type of credit operation/form of lending

  • Credit line (revolving/non-revolving)
  • Term loan

Amount: from UAH 100,000.00. (if the loan is in foreign currency – equivalent to the amount of UAH 100,000.00)
At the same time:

  • the maximum limit – in accordance with the legal restrictions of the National Bank of Ukraine, the Declaration of susceptibility to risks of JSC IBOX BANK and the current limits established by the Bank’s Management Board.

Amount of the borrower’ own contribution: At least 30% of the investment project cost

ending currency:

  • Hryvnia (UAH)
  • US dollar (USD)
  • Euro (EUR)

Term: From 1 year to 5 years

AT the same time:

  • Credit review is carried out no later than one year from the date of loan issuance and thereafter – no less than once a year, as stipulated in the Credit Agreement.

Rate: fixed

  • Hryvnia (UAH) – from 22% of the annual
  • US dollar (USD) – from 8% of the annual
  • Euro (EUR) – from 7% of the annual.

It is established by the decision of the collegial body.

Commission:

one-time (for drawing up a Credit Agreement) – from 1% of the lending limit, but not lower than the minimum amount of the commission established by the Bank’s Tariff Committee.
In the case of changes to the crediting conditions (increasing the limit/term/etc.), an additional commission established by the Bank’ Tariff Committee is charged.
The size of the commission is established by the decision of the collegial body.

Purpose of lending: for business development, including:

  • acquisition of new and/or used fixed assets;
  • modernization/reconstruction of fixed assets;
  • initiation of an additional line of activity;
  • acquisition of non-residential real estate and/or land plots using business entities without the right to transfer such real estate for a fee or free use to third parties;
  • acquisition of intellectual property rights under commercial concession (franchising) contracts related to the implementation of an investment project;
  • construction/reconstruction/repair in the premises of the main economic activity;
  • financing of working capital, if such working capital is an integral part of the costs of the credit project, amounting to no more than 25 percent of the cost of the project financed by credit funds.

Conditions of issuance: The tranche of the credit line/loan is provided by means of a cashless transfer of credit funds to the borrower’s current account opened at the Bank with subsequent transfer of credit funds to the current account of the Client’s counterparty (if it is necessary). The tranche of the credit line is provided based on the borrower’s written application to receive funds within the established limit of the credit line.

Ensuring: liquid movable and/or immovable property (vehicles, equipment, goods in circulation) and/or property rights to money placed on a deposit (deposit) account in the Bank and/or property rights to goods, stocks and other property, which meets the Bank’s requirements for this type of ensuring.
The property offered as a pledge/mortgage (except for the pledge of property rights for a cash deposit) must be appraised (its fair market value is determined) based on the report of the appraiser agreed by the Bank for cooperation in the purpose of appraising the pledged property or by a property appraiser – an employee of the Bank, who has a qualification certificate of an appraiser, who are not related to the Bank (affiliated, related, associated), in accordance with the legislation of Ukraine (excluding value added tax).
Collateral insurance in favor of the Bank is mandatory.
Insurance is carried out in an insurance company approved by the Bank, which has been verified by the Bank and meets the Bank’s requirements.

Registration of surety: in accordance with the decision of the Credit Committee/Bank Board.

Terms and source of repayment: income from project implementation, working capital of the borrower
It is possible to repay the loan debt by contractual debiting from the borrower’s current account opened at the Bank, or by the borrower himself by means of a non-cash transfer to the account specified in the loan agreement.
The credit line limit reduction schedule is set depending on the borrower’s business cycle.
Early repayment of the debt is possible benefits without charging commissions and fines.
The terms of repayment of credit debt are determined by the decision of the Credit Committee of the Bank.

Grace period for repaying the loan debt, interest, commissions: No more than 6 months for the principal amount of the debt. There are no interest and commissions.

Payment of interest: monthly in full from the 1st to the 7th (inclusive) of the current month following the one for which they are accrued, and in the month in which the credit line expires, on the last day of the credit line validity.