The loan is granted by Bank transfer to the account of the supplier of fixed assets, goods and stocks, services, or to the account of debt repayment that is refinanced with providing the beck-up documents by the Borrower in respect to the intended use of credit funds.

Intended use of credit funds

• acquisition and/or modernization of fixed assets by the Borrower, with the exception of purchasing vehicles (except for those that will be used for commercial and industrial purposes);
• acquisition of non-residential real estate for the purpose of carrying out economic activities by the Borrower, without the right to transfer such real estate for paid or gratuitous use to third parties;
• implementation of construction, reconstruction, repair in the premises where the Borrower carries out the main economic activity (except for office premises), which belong to the Borrower by right of ownership or use;
• acquisition of objects of intellectual property rights under commercial concession (franchising) agreements related to the implementation of an investment project by the Borrower;
• financing of the Borrower's working capital in the amount of no more than 25% of the cost of the investment project, when the need for such working capital is an integral part of the Borrower's expenses for the implementation of the investment project, which must be fully or partially financed from credit funds provided by the Bank;
• investment purposes related to the Borrower's implementation of economic activities linked to the production of medicines and/or medical devices and/or medical equipment, as well as for purposes related to the Bank's refinancing of the Borrower's debt on loans provided by Ukrainian banks;
• financing of the Borrower's working capital related to the Borrower's implementation of economic activities for the production of medicines and / or medical devices and / or medical equipment;
• refinancing of the Borrower's debt on loans granted by Ukrainian banks (including loans granted by MTB Bank PJSC).

The rate of 5%, 7% or 9% will depend on the amount of annual income and jobs creation:

• in case if the annual income is up to 50.0 million UAH, then the interest rate will be 7% per annum. However, if at least two new jobs are created within the first quarter of crediting, the rate will be 5% per annum. Further, if the previous quarter's jobs are saved or new ones are created within the loan period, the rate of 5% per annum will apply. If the number of employees decreases for the quarter, the rate will be 7% per annum;
• in case if the annual income is more than 50.0 million UAH, but does not exceed 100.0 million UAH, then the interest rate will be 9% per annum. In addition, the rate will be reduced by 0.5% for each new job position created in the reporting quarter. But in any case, the rate cannot be less than 5% per annum.
• A rate of 0% is granted for the period of quarantine established by the Cabinet of Ministers of Ukraine in order to prevent the spread of acute respiratory disease COVID-19 caused by coronavirus SARS-CoV-2, or restrictive measures related to its spread, and within 90 days from the date its (their) cancellation, and after their cancellation - 3%.
• For refinancing loans, the compensatory interest rate is 0% until March 31, 2021, and after this date - 3 percent per annum.

• In case of failure to submit or late submission of reports to the Bank for confirming the average number of full-time employees and the amount of the salary fund for such employees (in cases where the Program and terms of the loan agreement provide for monitoring these indicators), all reductions/setting of the Compensation interest rate for the next reporting quarter are canceled. They can be recovered only after the reporting data is submitted to the Bank in a timely manner;
• In case of an overdue loan debt (both for the principal loan amount and for %) for a period of more than 15 days, interest compensation for the month in which the overdue debt occurred is not provided. After such an overdue debt has been repaid, payment of the loan interest compensation is resumed from the next calendar month for the month in which the specified violation of terms of the loan agreement was eliminated;
• In case if the Bank and/or the Fund find that the state aid limit has been exceeded (cumulatively may not exceed the amount equivalent to EUR 200,000.00 for any three-year period), taking into account the CPC, the provision of state aid for MSE under the Program is terminated from the date of detecting this fact;
• In case the Fund terminates the state aid, or if the period of funds absence lasts more than 6 months, the client ensures payment of the basic interest rate independently.

Under the terms of the Program the following persons and entities cannot participate in it:

• industries that are defined as prohibited by the current legislation on state aid;
• legal entities whose founders and ultimate beneficiaries are non - resident individuals of Ukraine;
• persons with the outstanding debts to the state or local budget, pension fund, mandatory state social insurance funds;
• persons with a negative credit history and overdue loans;
• persons against whom bankruptcy/insolvency proceedings have been opened and/or who are in a state of reorganization/liquidation;
• persons who have been receiving within the last 3 years the state aid exceeding the amount equivalent to 200 thousand Euro (total for a group of related companies);
• persons whose accounts have been seized or blocked, or in respect of whom there are public encumbrances in the State Register of Encumbrances over Movable Property;
• other restrictions that are expressly established by the current legislation of Ukraine;
• applications that in total exceed the maximum loan amount under the Program;
• borrowers whose annual revenue (including related parties) exceeds the equivalent of 20 million euros.