New Loan Opportunity for Businesses in Muğla: Who Will Benefit?
An important move has come to meet the financial liquidity needs of local businesses in Muğla, where the service, trade and tourism sectors are especially intense. Here are all the details...
Within the framework of the protocol signed by TOBB and the Credit Guarantee Fund with the banking sector, the Nefes Loan application is reopening on June 8. The new financing model offers a six-month principal payment grace period to reduce the debt burden on businesses.
Limit and Interest Details for Businesses in Muğla
SMEs integrated with the trade and industry chambers and commodity exchanges throughout Muğla province can receive cash support up to 3 million liras per company. An annual interest rate of 36 percent will apply for repayment plans up to 24 months. For tourism operators and tradesmen who want to extend their maturities to a broader term, an annual interest rate of 34 percent will be calculated for borrowings up to 48 months. Applications can be submitted at the Muğla branches of Akbank, Garanti, Yapı Kredi, Denizbank, QNB Bank, and public banks.
Large Fund Allocated for Economic Revival
At a time when SMEs find it difficult to find capital due to growth restrictions in the banking system, a comprehensive move was made to remove this obstacle. It was reminded that last year, over 61 thousand companies were reached and 81 billion liras were injected into the market. This year, the target has been raised to a total volume of 100 billion liras. The first tranche of 25 billion liras from this massive source will be allocated to SMEs starting early next week.
Source: News Center
