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Business / Finance

VTB 24 started to lend to start-UPS franchise press releases 25.05.2017 at 12:10

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VTB 24 announced the launch of a pilot for lending to entrepreneurs working on the franchise. Feature of the program is the lack of requirements of Bank to the date of actual conduct of activity of the company: to Finance can including newly opened business projects. Thus, to date, VTB 24 is the only major Bank loans to startups.

In the framework of the pilot project VTB 24 gives investment loans in the amount of 850 thousand to 10 million rubles for a period up to five years. Terms of business loans depend on the term of company existence on the market.

For entrepreneurs, already working on franchise model in lending which future income is not taken into account, the minimum interest rate will be 12.5%. The operating companies, in lending which future income is reported, the financing available at the rate of 13.5%. For start-up companies in the framework of the program "Franchising" minimum interest rate will be 16.5%.

the program allows customers with a valid business to obtain a deferral in repayment of principal on the loan for six months, for startups the delay provided to output on a break-even operation, but not more than a year.

According to a member of the Board, Director of the Department of customer service small business of VTB 24 Nadiya Cherkasova, today, building a small business by buying a franchise of a renowned brand is one of the most affordable options to start your business.

"VTB 24 as the market leader in small business lending responds to formed the growth of entrepreneurs to Finance start-UPS. We see that the most active market of start-UPS is growing through franchising, says Nadia Cherkasova. — A pilot project for lending partners franchise networks and will continue until 1 November 2017. According to the results of the pilot this product will become a standard offer in the line of loans to small businesses".

the New program VTB 24 available in all regions of Bank's presence. A key feature of the project is the lack of restrictions on the franchise.