February 13, 2012
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Turkey's Finansbank offers loans to SMEs under EIF guarantee
17 March 2010 / THE ANATOLIA NEWS AGENCY, İSTANBUL
Turkey's Finansbank will provide loans to SMEs under European Investment Fund guarantee.
A statement issued from Finansbank said it offered the loan in two categories.
It said the first option was the "Machinery and Technology" loan up to 250,000 Lira with a ten year maturity, to be utilised for the capacity expansion and enhancement of quality of service of SMEs with a maximum of 250 employees and a maximum annual revenue of 50 Million Euro.
The second option is the "Enterpreneur's loan" up to 52,000 Lira with a maturity of five years for financing the investments of companies with a maximum annual revenue of 2 million Euro, and a maximum of 10 employers.
Finansbank Retail Marketing Coordinator Erkin Aydın said the EIF guaranty was a great relief for SMEs for their guarantee letter problems.
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