OREANDA-NEWS. Sberbank has launched Business Project, a new loan product for small businesses, which lets clients finance the development of new areas of business. Sberbank takes into account future income from completion of such development projects when calculating client solvency.

"This product opens up new opportunities for small businesses. For example, retailers can expand to new areas of activity such as services and production," commented Andrey Sharov, Vice-President and Head of Sberbank's Small Business Development Department.

Loans are provided for up to 10 years. Loan amount: from 2.5 mln to 200 mln roubles.