Uniastrum Bank Offers Small Businesses Credit Against Moveable Property

Moscow, Russia, September 14, 2012 --(PR.com)-- One of the commonest problems facing small business owners in need of credit is a lack or shortage of liquid collateral. To address this problem Uniastrum Bank has come up with a new product that enables small enterprises to access loans by collateralizing them with inventories, specialized machinery, equipment or automobiles. This means that a potential borrower not able or not keen to use real estate as security can save time registering collateral with the Federal Registration Service. Another advantage of Uniastrum’s new lending program is that it also allows sole proprietors to take loans.

The credit is issued by way of a loan, on in the form of a revolving or non-revolving credit facility and is made available in order for the borrower to enhance day-to-day cash flows, carry out routine or major maintenance work, meet the personal needs of business owners, and refinance existing loans with other banks.

“We make a policy of studying our clients’ needs on a regular basis and devising new products that take into account the real tasks facing the small business community today,” says Svetlana Chubakova, Uniastrum’s Vice President for Small Business Development. “This means our smart loan mix is frequently enlarged so as to give as many entrepreneurs as possible the chance to secure the money they need to expand their businesses.”