Oschadbank and UPG launch preferential financing for business fuel purchases

Oschadbank, in partnership with the UPG gas station network, has launched a new program for businesses that allows entrepreneurs to purchase fuel for seasonal work or day-to-day operations without straining their working capital.

The program's primary benefit is a favorable interest rate of 0.01% annually for the first four months of the loan. The program is designed for a term of up to 12 months. It provides financing of up to UAH 20 million without collateral, backed by state guarantees.

“We understand how critical the cost of resources is for Ukrainian entrepreneurs, especially for farmers in the midst of the planting season. Our joint program with our partner, UPG, offers terms that no other financial institution currently provides: an interest rate of 0.01% for the first four months. This is real help for businesses in managing their liquidity. Thanks to a simplified list of documents, we make fuel purchases as fast and accessible as possible. Together with UPG, we provide businesses with the necessary resources exactly when they need them most,” notes Natalia Butkova-Vitvitska, a member of Oschadbank’s Management Board responsible for MSMEs.

“The UPG team is aware of how high the price of time is in the agricultural sector. Lack of fuel or working capital should not stop the movement of equipment.  Thanks to the partnership with Oschadbank and our own full-cycle logistics, we can offer farmers financial support and uninterrupted supply of high-quality fuel from the USA and Germany. This is our common desire to support those who work in the field," Dmytro Petrenko, Chief Business Development Officer of the UPG group of companies.

The program terms:

• 01% annual interest rate for the first 4 months of the loan (thereafter, rates apply as per program terms);
• financing of up to 20 million UAH without collateral, backed by government guarantees;
• approval based on a simplified set of documents;
• loan term of up to 12 months;
• monthly equal or customized repayment.

You can learn more about the opportunities offered by this program on the website or at Oschadbank branches.