Support package from public banks to SMEs Public banks, which continued to support the real sector without interruption during the pandemic period, announced that they implemented the 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. 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 and to meet the financing needs of SMEs and to protect the cash flow between their suppliers by providing cash support.
Companies with a turnover of up to 3 million TL will be able to benefit from the loan, which will be provided by the Credit Guarantee Fund (KGF) with a maturity of up to 48 months and an annual interest rate of 11.5 percent.
For businesses with a turnover of less than 1 million TL, a credit limit of up to 50 thousand TL is opened, while the maximum loan 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 sellers 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 Micro Enterprises Support Package, in addition to Cash Business Loan, companies, corporate card, direct debiting system (DBS), supply chain finance guarantee letter (TZF), secured check, corporate credit deposit account products with no cash withdrawal will be able to use Cash Business Loans over.
Karaman Haber - Source: AA