SME FINANCE SUPPORT PROGRAM
Project Status : Active
Updated Date : 27.04.2021
SME FINANCE SUPPORT PROGRAM
DETAILS
The aim of the program is to enable enterprises to obtain cash loans under favorable conditions from public banks, private banks and participation banks in order to increase the competitiveness of small and medium-sized enterprises and to achieve industrial integration in accordance with economic developments.
With the program, the bank provides support within the bounds of possibility for the interest / profit share expenses of business, machinery-equipment and emergency support loans to be used by the enterprises registered with KOSGEB.
Loan interest / dividend support is applied without repayment. Emergency support and machinery and equipment loans are supported for a maximum of 36 months from the date of the loan, and a maximum of 18 months for business loans. Emergency support loan is applied at local level in cases such as natural disasters, fire and terrorism. The scope, upper limit and interest / dividend support rate of the emergency support loan are determined by the KOSGEB Executive Committee according to the conditions. Businesses that will apply for emergency support loans are only required to be registered with KOSGEB, and businesses must document from the District Governorship / Governorates that they are affected. The company can benefit from more than one loan interest support within 36 months without exceeding the loan upper limit.
The enterprise can request support again at the end of 36 months. In this case, the sum of the debt amount remaining from the previous loan and the amount of the loan to be used should not exceed the loan upper limit defined for the enterprise. Active Entrepreneurial Enterprises that have established their business with the support of KOSGEB are provided with a minimum of 10 points of interest / dividend support within the upper limit of 50,000 TL in business and / or machinery-equipment loans. If the entrepreneurial enterprise is established by a woman, young person, disabled, first degree martyr or veteran, the upper limit of the loan is 70.000 TL. The enterprises benefiting from the technology-oriented industry move program implemented by the Ministry of Industry and Technology and the enterprises that buy the products of these enterprises are defined as Enterprises in Strategic and Priority Sectors and in the operating and / or machinery-equipment loans of these enterprises, a minimum of 12 points of interest / profit share support within the upper limit of 500,000 TL is provided. If the business in the strategic and priority sector uses credit for domestic machinery and equipment, the base support score is applied as 14.
If the interest / dividend support rate applied by the bank falls below the support rate determined by KOSGEB, the rate of the bank is applied. No loan interest / dividend support is provided for used machinery. In addition, credit cannot be used from more than one bank for a single machine. Machines purchased under the support cannot be sold, transferred or rented to a third party during the loan term. The support conditions and the support score not falling below the minimum (base) support score are determined by KOSGEB on the basis of business.
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