New credit offer for medium and small-sized enterprises
13.07.09
Following our clients requests Credit Moscow Bank introduces the Small Business Overdraft – the new credit offer for medium and small-sized enterprises. The main goal of this program is crediting small-sized enterprises in case of temporary lack of funds.
Overdraft’s advantages:
- getting money in no time after signing the contract – all you need is to deliver the payment orders
- the possibility of using the credit resources without giving guarantees
- no limits for spending credit money on any purposes
- the possibility of making unplanned payments and expenses
Unlike the usual Overdraft,the Small Business Overdraft means:
- the possibility for new clients to use the credit;
- the decision on granting the credit is made before opening the account;
- the client can start using the credit in 2 weeks after opening the account;
- the turnovers in other banks can be considered when determining the overdraft limits;
- convenient amounts for maintaining solvency – from 400.000 to 5 mln Rubles a month;
- overdraft limits up to 35% of the monthly average turnover;
- acceptable permanent debt – for up to 60 days period;
- the minimum necessary documents needed for credit appliance consideration;
- short period of credit appliance consideration – 3-7 working days