SME Bank and TF “Prime” concluded an agreement on SME support via factoring

SME BANK AND TF “PRIME” CONCLUDED AN AGREEMENT ON SME SUPPORT VIA FACTORING

The SME Bank has provided the TF “Prime” (Moscow) with RUB 100 mln to finance factoring transactions of small and medium businesses. The agreement has been concluded in accordance with the Factoring Company product requirements. 
The financing has been provided for one year to support entrepreneurs from target client segments who are residents of industrial (techno) parks and execute orders for major enterprises and SME-exporters’ entities.
 LLC Trade Financing “Prime” has been a member of the SME Bank Lending Support Program since November 2015. There are two loan agreements concluded between the two parties for RUB 160 mln.
The news is on the MSE Bank web-site.