The Bank’s customers can benefit from the umbrella guarantee mechanism of SME Corporation and get a loan even in the absence of appropriate security.

If a business owner lacks sufficient collateral to secure the loan, the umbrella mechanism is a more straightforward way to obtain bank financing. The SME Corporation acts as a guarantor for a bank that up to 50% of the borrower’s loan obligations will be paid should a business owner fail to perform its obligations to the bank. The SME Corporation is a federal institute for innovative development of small and medium-sized business that supports high-tech innovative SMEs.

«Center-invest Bank widely participates in all SME preferential financing programmes, thus offering the best conditions for the promotion and growth of regional entrepreneurship. We are confident that the new umbrella guarantee programme will be in high demand among businesses in southern Russia as it broadens the range of financing options available to our clients,» said Anastasia Korotun, Head of the Corporate Services Department.

Center-invest Bank is a leader in lending to domestic small and medium-sized businesses, modernisation of enterprises, development of women’s, youth, and social entrepreneurship. The Bank is able to maintain a high-quality loan portfolio and a low level of customer past-due debts — that is almost two times lower than the national average — thanks to an individualized approach, transparent lending terms, and effective sustainable risk management techniques.