OREANDA-NEWS.  From September 1 through October 31 2012, NOMOS-BANK is running a special promotion for small business. Entrepreneurs who have applied at the time of the promotion for credit with the following NOMOS-BANK credit programs: Small, Medium, Medium-Investment, "Credit for the purchase of equipment," "Car loans for business", "Commercial mortgages", "Credit for bids, auctions and tenders" and "Credit for execution of a government contract." If these conditions are met, interest rates on the loan can be up to 2 percentage points lower, reported the press-centre of NOMOS-BANK.

The promotion is open in the following cities: Moscow, Nizhny Novgorod, Cheboksary, Saratov, Ulyanovsk, Kaliningrad, Irkutsk, Omsk, Tomsk, Krasnodar, Stavropol, Volgograd, Togliatti, Orenburg, Korolev, Lyubertsy, and Podolsk.

Director of the Department of work with small business for NOMOS-BANK, Roman Lesokhin said: "Lending to small businesses is one of NOMOS-BANK’S priorities, so we always strive to be "the market „s hub“ and develop the most suitable loan program for entrepreneurs. This promotion reduction in rates on our most popular loan products allow customers to use borrowed money on even more attractive terms".

NOMOS-BANK offers a full range of products and services focused on the strategic development objectives of enterprises and small businesses. These are business development loans including loans for working capital and long-term investment, overdraft loans to support companies which have insufficient funds in their current account, unsecured micro-credit, cash management services, guarantees, and deposit programs.

NOMOS-BANK’s Small and Medium loan programs are oriented towards business development and working capital allowing customers to apply for up to RUB 7 million (Small) and RUB 100 million (Medium) with a maximum loan period of five years.

"Car loans for business" gives customers the opportunity to buy a commercial vehicle on favorable terms. "Credit for the purchase of equipment" provides funds for the purchase of new commercially produced equipment, machinery, tools or vehicles and is secured by the purchased equipment. Under the "Commercial mortgages" program small business owners can apply for a loan to buy commercial property or land for commercial development on the security of the acquired property.

The "Credit for bids, auctions and tenders" and "Credit for execution of a state contract" programs focus on the participation of small businesses in bids, auctions and tenders held in accordance with Russian law 94-FZ. "Credit for bids, auctions and tenders" provides funds to cover the application for participation in competitive tenders. Securing the loan is not required. The only security needed for the "Credit for the execution of a state contract" program of up to RUB four million is for the entrepreneur to provide a pledge of rights of requirements for the state contract.