EnergoFront is developing credit instruments with Sberbank PJSC
30 October 2018
More recently, EnergoFront has confidently stepped into its second decade, continuing to build ever more bold and ambitious plans. Therefore, the search for new, more effective credit instruments is a powerful basis on the path to business growth and reduction of financial risks.
Nowadays, many enterprises and organizations do not have enough funds to quickly complete work, even with lucrative contracts. The problem is that the receipt of funds from customers is sometimes delayed or advance payment is not provided for in the contract at all, and the contractor has to carry out the work with his own funds, which are often quite limited. This phenomenon occurs especially often when fulfilling large contracts for the supply of equipment, producing highly technical and expensive products with a long production cycle.
It is precisely so that the organization can begin work under the contract on time and this funding exists.
A key requirement for contract financing is to have contracts with highly reliable companies. Such consumers can be: the state, large factories, companies with state participation, or companies with a high reliability rating.
To obtain resources through contract financing, a company must prove its reliability and the weight of concluded agreements to a credit institution. The EnergoFront company won the trust of Sberbank PJSC and began implementing a contract financing program.
“The cooperation with Sberbank PJSC that began this year has fully justified itself, giving our company the opportunity to quickly resolve financial management issues. Additional lending instruments allow us to undertake the implementation of large projects with less risk. The trust placed in us by Sberbank PJSC proves the high level of our business reputation and financial stability of the business,” explained Elena Kulikova, head of the financial department of EnergoFront.
With wishes of financial stability,
EnergoFront team #FrontInfo
