UniCredit offers pre-approved loans to support small businesses (with turnover up to EUR 1 million) in seven countries of Central and Eastern Europe: Bulgaria, Croatia, Serbia, the Czech Republic, Slovakia, Romania, and Hungary. By introducing this faster and simpler loan solution, UniCredit Bank`s customers will have access to higher limits to maintain or expand their business, with less paperwork and without the need for additional collateral. The amount and tenor of pre-approved loans are adapted to specific local needs in each country.
In the Czech Republic and Slovakia, pre-approved loans have been available for a long time and are very popular. Thanks to UniCredit group solutions, the Bank has managed to expand them even more and improve their parameters to offer them to more customers and at higher limits.
“We are pleased to launch pre-approved loans for small businesses in Central and Eastern Europe, enabling them to grow and prosper,” – said Pierre Yves Guegan, Head of Retail Banking for Central and Eastern Europe at UniCredit Group. “We understand the specific challenges small entrepreneurs face today and are committed to providing them with the support they need to succeed. By introducing pre-approved loans, we can provide our customers with a quick and simple loan solution, thanks to which they can focus more on their business and their customers.”
This new lending solution addresses the common needs of small business owners and their financial management concerns. This is possible by reducing paperwork and speeding up the approval process through greater involvement of automation.
“This new initiative, based on customer requirements, shows the strength of UniCredit as an international group,” – said the CEOs of UniCredit Group’s Central and Eastern Europe, Gianfranco Bisagni and Teodora Petkovová. “By combining our resources and expertise in multiple countries, we can offer comprehensive solutions for the specific needs of small businesses in Central and Eastern Europe. This pre-approved loan program is a prime example of how we can create value for our customers by leveraging the strengths of our international network and a clear risk management framework.”
The UniCredit Group is dedicated to supporting local communities and is committed to helping small businesses fulfill their potential and achieve growth and success.
Source: the Bank`s press release dated February 03, 2023
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