Massive financial support for SMEs: Nefes Credit activated!

The Union of Chambers and Commodity Exchanges of Turkey (TOBB), Credit Guarantee Fund (KGF), and banks are implementing a new TOBB Nefes Credit to provide SMEs with financing support under favorable conditions. Applications for the credit start as of today. The loans will have a maximum maturity of 48 months including a 6-month principal repayment-free period. All chamber and exchange member enterprises affiliated with TOBB can apply for the credit aimed at providing financing support under suitable conditions for SMEs.

MAXIMUM 3 MILLION TL

Businesses can apply at the branches of Akbank, Denizbank, QNB Bank, Ziraat Bank, Garanti Bank, Halkbank, Vakıfbank, Yapı ve Kredi Bank, and Ziraat Participation Bank. A company can use a maximum credit of 3 million lira.

The loans will have a maximum term of 48 months including a 6-month principal repayment-free period. The credit will be provided at an annual interest rate of 36% up to 24 months, and 34% annually for the period exceeding 24 months. Within the scope of the new TOBB Nefes Credit, the first tranche of 25 billion lira will be made available. It is targeted that the loan volume will reach 100 billion lira with additional limits to be announced within this year.

SUPPORT FOR 61 THOUSAND COMPANIES

TOBB President Rifat Hisarcıklıoğlu drew attention to the growth limit applied to SME credits making access to credit difficult, stating, "We have created a new resource to support our SMEs in such a period. Our goal is to stand by our SMEs in difficult times and keep the wheels turning. By 2025, 61 thousand firms benefited from TOBB Nefes Credit in three stages. The support we provided to SMEs reached 81 billion lira. Under the KGF Equity Guarantee Program, we aim to create a total credit volume of 100 billion lira for 2026 as well. The first tranche of this new package planned to be provided in installments, amounting to 25 billion lira, is being made available to our members. Access of our SMEs to finance at the right time and cost means more investment, production, employment, and export, hence a stronger economy."

CALL TO SMEs TO 'APPLY'

The Chairman of the Board of Directors of Ankara Chamber of Commerce (ATO), Gürsel Baran, invited his members to take advantage of the Nefes Credit, which has been re-launched under the leadership of the Union of Chambers and Commodity Exchanges of Turkey (TOBB).

Baran pointed out that companies affiliated with TOBB's chamber and exchange members can apply for credit within the scope of TOBB Nefes Credit and reminded that a company can use a maximum of 3 million lira and the credits will be provided with a maximum term of 48 months including a 6-month principal repayment-free period. He stated that initially a credit volume of 25 billion lira will be opened for the business community's use, and it is targeted that the credit volume will reach 100 billion lira with additional limits to be provided during the year.