YEREVAN, May 8. /ARKA/. Unibank has developed a new loan product for small and medium businesses called "Simplified", the bank's press service reports.  

Now entrepreneurs can apply for a loan without financial and economic analysis of their businesses by the bank, which greatly facilitates and accelerates the process of obtaining a loan.  

The loan "Simplified" can be obtained for various purposes of the company - replenishment of working capital, investments or refinancing of existing loans. Funds are issued in AMD and USD for up to 120 months.   

"For successful development and increase of competitiveness it is extremely important for businesses to have prompt access to financial resources. Unibank offers business lending under a simplified scheme, which has a number of advantages - fast application processing, minimization of paperwork and more comfortable conditions," noted David Petrosyan, First Deputy Chairman of the Management Board, Director for Sales and Corporate Business Development at  Unibank.

'It is important for us to make our products as simple and convenient as possible. A client can apply to a branch of the bank and our specialist will offer the best financing option on favorable terms in the shortest possible time".

Simplified lending offered by Unibank will provide an additional impetus for the development of entrepreneurship in such areas as retail and wholesale trade and services, manufacturing, construction, etc. -0-