SME Bank's client is ITEKMA, a manufacturer of composite materials for the needs of leading Russian enterprises. Since July 21, 2022, the company has opened a credit line for 500 million rubles, of which 85 million have already been received. This is stated in the bank's message.
ITEKMA produces a wide range of materials including polymer binders, carbon fiber fabrics and tapes, structural adhesives, prepregs based on carbon fabrics and more. These products are used, in particular, in the space industry and civil aviation and allows the manufacture of composite structures operating from cryogenic temperatures up to 350 C.
The funds received from the SME Bank will be used to develop the company and scale the business of the entity.
The rate under the "Take—off - from startup to IPO" program is 3% per annum. No agency fee is provided. The conditions are designed specifically to support high-tech organizations from among small and medium-sized enterprises.
JSC "SME Bank" is a large specialized state bank. The key areas of activity are lending to small and medium–sized businesses, including within the framework of state financial support programs. The main sources of funding are funds raised from other credit institutions, in particular, loans from VEB.The Russian Federation and the Bank of Russia.
