From today, Oschad is the first Ukrainian bank to launch a veteran loan program for micro, small and medium-sized businesses (MSMEs) called Business 4.5.0. It is available to veterans (combatants), veteran's family (spouse, children, parents), and companies with more than 30% of their staff being veterans/combatants

The program contains the following components:

Preferential lending for own business or existing veteran business on the following terms:

-        the amount is up to UAH 5 million;

-        term - up to 60 months;

-        target use - purchase of fixed assets, repair of premises, replenishment of working capital;

-        preferential rate under the program "Affordable Loans 5-7-9%": for investment needs - 5-9%, for working capital - 13% or 4-8% (under the WNISEF program).

Lending for the purchase of a franchise (possible for borrowers without entrepreneurial experience) on the following terms:

-        only accredited franchisors;

-        maximum loan term is 120 months;

-        equity - at least 30% of the project cost;

-        the amount is up to UAH 5 million;

-        collateral for the loan (fixed assets).

Preferential tariff package for bank account servicing:

-        with no account maintenance fee up to 30 September 2024;

-        preferential tariff for money transfers.

Consultation and training:

-        support at all stages of business development;

-        free consultations with a personal manager;

-        training programs and seminars.

"Financial support for veteran businesses is a key area of Oschadbank's assistance in reintegrating Ukraine's defenders into society. According to a survey conducted by the Ukrainian Veterans Fund, 63% of those who are currently defending Ukraine would like to start their own business. The Business 4.5.0 loan product was created to help unlock and realize the potential of defenders who have returned to civilian life and want to develop their own business, even without any entrepreneurial experience. This is the first specialized loan product for veterans in Ukraine", - said Serhiy Naumov, Chairman of the Board of Oschadbank.

"Reintegration of the military into civilian life involves not only physical rehabilitation, but also social adaptation, in particular through work, education, retraining or starting their own business. This program is designed specifically for those defenders of Ukraine who want to start or develop their own business. Oschad offers credit, grant and information support to veterans and their families and will become a financial support for their business", - said Natalia Butkova-Vitvitskaya, Member of the Management Board of Oschadbank responsible for MSME.

To learn more about the Business 4.5.0 product or to apply, click here.

Press service of Oschadbank