Updated: 20-01-2023

Loan "Business"

Working capital replenishment loan for legal entities

Depending on the project size
Loan Amount
from 27 %
Interest Rate
Up to 18 months
Loan Term

Indicator	Value/Description
Loan for Business entities
Key Requirements for Loan Issuance	1. Presence of a primary or secondary account in the system of JSC "Garant bank"; 2. Good credit history; 3. Fully formed authorized capital by the founders within the timeframe stipulated by law; 4. Financial performance report (Form No. 2) reflecting no losses for the latest reporting period (annual or quarterly); 5. Availability of own working capital without a negative indicator; 6. No debt in File No. 2; 7. No funds subject to enforcement proceedings initiated by the Executive Bureau.
Loan Amount	Depending on the project size
Loan Term	Up to 18 months
Grace Period	Up to 3 months
Loan Purpose	Working capital replenishment
Loan Currency	National currency (UZS)
Lending Form	Through transfer of funds to the pledgor
Minimum Interest Rate on the Loan	Loan Term	Grace Period	Annual Interest Rate
	Up to 12 months	-	27%
	Up to 18 months	Up to 3 months	28%
Loan Collateral	Not less than 125% of the loan amount (130% for affiliated persons).
Permissible Types of Collateral	1. Cash; 2. Movable and immovable property; 3. Vehicles manufactured within the last 5 years; 4. Third-party guarantee (not exceeding 25% of the total collateral); 5. Insurance policy against the risk of loan default (not exceeding 25% of the total collateral); 6. Other types of collateral not prohibited by law and the bank’s current credit policy.
Permissible Types of Collateral	1. Cash funds. 2. Real estate. 3. Vehicles with an operation period of no more than 5 years.

List of Documents Required for Obtaining a Loan

1. Loan application;
2. Constituent documents of the borrower enterprise (certificate of registration, articles of association, order, and copies of passports of the founders, director, and accountant (if applicable));
3. Consent of the borrower enterprise’s founders to obtain a loan, executed in accordance with the applicable legislation (except for private enterprises);
4. Balance sheet and financial performance report of the borrower enterprise (submitted electronically to the relevant State Tax Service) for the latest reporting period (annual and quarterly);
5. Electronic valuation report of the collateral object and an independent appraisal organization’s report;
6. Cadastral documents (extract and cadastral passport), in case of real estate collateral;
7. Vehicle registration certificate (technical passport, technical coupon), if the collateral includes vehicles and special equipment;
8. Consent of the enterprise’s founders to provide property as collateral for the loan, constituent documents of the enterprise, copies of the director’s and chief accountant’s passports (if applicable), if the third-party pledgor is a legal entity (if the enterprise is serviced by another bank);
9. Copy of the passport, if the third-party pledgor is an individual;
10. In case of third-party guarantee: constituent documents of the guarantor (certificate of registration, articles of association, order, and copies of passports of the founders, director, and accountant (if applicable)); decision of the guarantor enterprise’s founders to provide a guarantee; cash flow statement for all accounts of the guarantor for the last 12 months; latest balance sheet report (annual and quarterly) of the guarantor enterprise (submitted electronically to the relevant State Tax Service); financial performance report; credit history report of the guarantor (from the Credit Information Analysis Center, KIAC);
11. Bank-confirmed information on the cash flow of the borrower enterprise across all bank accounts for the last 12 months (if other accounts exist);
12. Business plan;
13. Sales and purchase agreements for the acquisition of products;
14. Additional documents may be requested if necessary.