From January 14 Odessa Oblast entrepreneurs can apply for a preferential loan program

11 January 2019, 11:30
From January 14 Odessa Oblast entrepreneurs can apply for a preferential loan program

Applications for participation in the competitive selection of business projects for preferential loans will start on January 14. Using the Regional Compensation and Financial Instrument from the German-Ukrainian Fund, entrepreneurs will pay only 4-5% per annum for using the loan. This was reported by the Department of Economic Policy and Strategic Planning of the Odessa Regional State Administration.

"Within a month, representatives of small and medium-sized businesses who wish to take part in the next stage of the competition must submit an application and a package of documents. The new winners will also receive the right to compensation in the amount of 10% per annum for loans in national currency and 5% per annum - in foreign currency. At the same time, entrepreneurs have the opportunity to lend on the terms of the German-Ukrainian fund. The success of the previous winners indicates that this is a really effective mechanism for developing our own business, "said Dmitry Radulov, Director of the Department of Economic Policy and Strategic Planning of the Odessa Oblast State Administration.

It should be noted that the program has been implemented since 2017 on the initiative of the chairman of the Odessa regional state administration Maxim Stepanov. In support of small and medium businesses in the regional budget-2019 laid 3.5 million hryvnia.

You can familiarize yourself with the terms of the competition, the list of necessary documents and download the application form at www.ooda.biz.ua. Deadline for submission - February 14, 2019.

Among the projects that have already received the right to compensation: the manufacture of exclusive laser cutting machines, cosmetic products made from natural materials and grape seed oil. Previously, projects for the introduction of energy-efficient technologies, the reconstruction of treatment facilities for deep water purification, the launch of condensed milk production lines and sunflower seed packing have been won.

Recall that the development of small and medium-sized businesses is one of the key priorities of Maxim Stepanov's Strategic Action Plan "Reasonable Region" for 2017-2019. Currently, 18 enterprises with a total loan portfolio of about 50 million hryvnias have already received the right to compensation. Thanks to the participation in the Program, the winners have increased their own production, created more than fifty jobs. In total, these enterprises provide work for about 1600 people in the Odessa region.