Public banks announced that they have implemented Micro Enterprises Support Package for SMEs up to 100 thousand TL.
With the joint statement made by Ziraat Bank, Halkbank and VakıfBank, the details of the Micro Enterprises Support Package were shared. The Micro Enterprises Support Package is being implemented by the state banks, which continue to support the real sector during the pandemic period.
With the Micro Enterprises Support Package, SMEs’ salary and rent payments in particular; In this way, it was aimed to meet the basic costs of SMEs, as well as to meet the financing needs of SMEs, and to protect the cash flow between their suppliers by providing cash support.
Which businesses will benefit from the package?
Companies with a turnover of up to 3 million TL will be able to benefit from the loan, which will be provided with the guarantee of the Credit Guarantee Fund (KGF) with a maturity of up to 48 months and an annual interest rate of 11.5 percent.
Businesses with a turnover of less than 1 million TL will have a credit limit of 50 thousand TL, while the maximum credit limit of enterprises that reach a turnover between 1 million TL and 3 million TL will be 100 thousand TL.
For this purpose, maximum 10 percent of the companies’ credit limit will be released for free use in cash, and at least 90 percent will be paid to third parties and vendors via money order-EFT and corporate card to finance operating expenses. In this way, with the new support package, the basic expenses of the enterprises such as salary and rent will be met.
Within the scope of the Micro Enterprises Support Package, in addition to the Cash Business Loan, companies, corporate card, direct debiting system (DBS), supply chain financing letter of guarantee (TZF), secured checks, Cash Business on corporate credit deposit account products with no cash withdrawal Will be able to use the loan.