Startup program will be launched in Odesa

04 February 2020, 11:21
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The State Program for Supporting Young Entrepreneurs will start operating in Odesa region. Thanks to the program "Affordable loans - 5%, 7%, 9%" businessmen will be able to develop their project with the support of the state.

Currently, the Program's partners are the state-owned banks Privatbank, Ukrgasbank, Oschadbank, Ukreximbank, and in the near future another 10 major commercial banks will join.

The project will enable business innovators, start their own business and get a loan on favorable terms.

According to the approved procedure, entrepreneurs will pay 5-9% per annum for loans, and the rest will be compensated by the state.

The maximum loan amount is 1.5 million UAH, the maximum term is 5 years.

Loans will be given to purchase, upgrade and repair the equipment. It also provides for construction, namely repair or refurbishment of premises other than office buildings.

In order to participate in the Program, an entrepreneur must present their business project and make a contribution of 20.0% of its cost.

The size of the Entrepreneurship Development Fund in 2020 will be UAH 2 billion.

All Program details are available at: https://5-7-9.gov.ua