From July 1, 2004, representatives of small businesses in Lviv, Odesa, Mykolaiv, Lutsk, Vinnytsia, Zaporizhzhia, Donetsk, Rivne, and Kramatorsk will be able to take advantage of a unique banking service – "Express" lending and receive loans in the shortest possible time without arranging collateral. As reported at PrivatBank, the "Express" lending program has been successfully implemented by the bank for more than 2 months, and during this time more than 100 borrowers in Dnipropetrovsk, Chernivtsi, Ternopil, and Khmelnytskyi have received loans for the development of their businesses. Bankers note that the "Express" lending technology was specially developed to simplify access for small business representatives to bank loans – a stable and advantageous source of financing for their activities. Now, using credit funds, borrowers will be able to replenish working capital and purchase fixed assets. The advantage of "Express" lending is the promptness of project review and provision of loan funds, as well as the absence of the need to arrange collateral and a minimal package of documents submitted to the bank. In the near future, "Express" lending points will be opened in all major cities of Ukraine. PrivatBank is among the largest Ukrainian banks. As of 06/01/2004, the bank's loan portfolio amounts to UAH 8,748 million. The bank services more than 300 thousand accounts of legal entities and private entrepreneurs. PrivatBank's national banking service network includes about 1,600 branches and offices throughout Ukraine.