Commercial loans
VÚB offers various kinds and types of loans from VÚB’s sources to finance the needs of corporate entities. With respect to period the Bank offers the following loans:
- short-term (up to 1 year inclusive),
- medium-term (up to 5 years inclusive),
- long-term (5 years up).
If you are looking for an active loan product to cover your expected and unexpected operational needs, we offer you flexi business loan. It is a working capital loan designed to finance the items such as:
- purchase of inventory, supplies, raw materials, semi-finished or finished products,
- current receivables up to maturity due to buyers,
- VAT, customs fees, advances,
- seasonal fluctuations in business needs.
To finance your operations, you may choose from the following forms of the loan:
- overdraft loan
- revolving loan
- term loan - working capital loan.
We offer you a medium-term or long-term development loan with optional grace period on principal, which is due after completing your development works as follows:
- the loan will allow you to procure tangible or intangible fixed assets (real estate, machine, set of machines – technological line), ensure their modernization, reconstruction, maintenance, know-how purchase, finance research and financial investments.
- VÚB bank releases the loan funds against tax receipt (supplier invoices) arising from contracts entered into with the supplies involved in investment plan up to the amount of approved loan for the given investment plan and within the contractually agreed loan duration.
- repayments are made from disposable funds usually in form of quarterly installments, while with respect to extent of your investment plan, you may apply for grace period on principal, which will be due after the development works are completed.
Documents required
- loan Application in writing
- attachments to the Loan Application depending on amount and type of loan, and nature of the business
- documents certifying the licence to perform the relevant business
- financial statements for the last two completed fiscal periods
- tax return
- business plan
- documents related to the loan security
- investment plan
- contract for work
- other documents related to the loan purpose.
Security
- all acceptable forms of security mutually agreed by the Bank and the client including instruments for enforcement of the lender’s rights (such as blank promissory note, notarial deed)
In case of interest please contact the nearest corporate branch.
