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IDF Eurasia launches financial products for small and medium businesses
12 August 2020

IDF Eurasia Group (operating in Russia and Kazakhstan under Moneyman and Solva brands, respectively) has launched a new project — IDMSB. It is designed to ensure that financial resources are enough for representatives of micro, small and medium-sized businesses.

IDMSB uses an innovative approach to financing the entire process, from application to repayment. Everything is fully online. Based on machine learning technology, the evaluation and decision-making system allows you to get a loan decision in the shortest possible time.

Now, the following products are available to customers secured by office and commercial premises with a loan term of up to 10 years:

— Loan to start a business. A special product for startups and young companies that have been operating for less than 6 months.

— Loan for business development. The type of operation does not matter.

— Business mortgage to purchase commercial real estate. The real estate can be registered to an individual, and the payment form is a letter of credit.

— Refinancing or consolidating existing debt. It allows you to reduce the debt burden by increasing the term or reducing the rate.

Irina Khoroshko, CEO of IDF Eurasia in Russia:

“The project was a reasoned response to high demand of businesses for borrowed funds in the current economic realities. The main advantages of IDMSB are loyalty and flexibility. We are ready to consider requests from companies, regardless of their type of operation and term. At the same time, businessmen have the opportunity to influence the final rate themselves. It will depend, among other things, on the number of documents provided and the speed of agreement with the final decision. Another advantage is efficiency. The preliminary decision is made within 3 hours. The customer does not need to transfer business turnover anywhere — the funds will be transferred to his account in any Bank.”

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