OREANDA-NEWS. November 23, 2009. Absolut Bank has been offering new lending terms to small and medium business representatives. Now, the Bank grants SME loans for up to 60 months at a rate of at least 18% p.a. in rubles. The loans may be secured not only by real estate but also by other property, including goods in stock. A number of lending programs do not require collateral. Thus, financing provided by Absolut Bank has become more accessible.

The updated line of credit products allows the entrepreneurs to choose an optimal financing strategy from operational short-term “Overdraft” for current needs to “Investment loan” with a maximum tenor of 5 years – for purchase of equipment, transport vehicles, real estate or for construction. Within “Investment loan” a company may receive up to 30 million rubles. Enterprises in need of working capital may use “Razvitiye” (Development) program. Urgent financing for unrestricted use may be obtained through “Microloan”.