TREASURY SUPPORTED SURETY PROGRAM
Project Status : Active
Updated Date : 28.04.2021
TREASURY SUPPORTED SURETY PROGRAM
DETAILS
The limit on the total balance of the guarantees of 20 billion TL included in the "Decision Regarding the Treasury Support Provided to Credit Guarantee Institutions" dated 31/10/2016 and numbered 2016/9538, was increased to 250 billion TL with the "Decision Amending the Decision Regarding the Treasury Support Provided to Credit Guarantee Institutions" dated 27/02/2017 and numbered 2017/9969 regarding Treasury Supported KGF guarantees, which entered into force after being published in the Official Gazette on 10/03/2017.
With the Decision No. 162 dated 10/10/2018, the maximum guarantee limit of exporter and manufacturer SMEs was increased to 25 million TL, and the upper limit for other SMEs continues as 12 million TL. Surety of maximum 200 million TL can be provided for non-SME and non-exporter non-SME beneficiaries. Surety rates vary between 75% and 100% depending on the beneficiaries. In the case of loans made under the system, the maturity is minimum 6 months, the principal grace period is a maximum of 1 year, maximum 5 years, in case of investment loans, the maturity is minimum 6 months, the principal grace period is maximum 10 years, with a maximum of 3 years.
In order to make the risk distribution of the Treasury-backed credit guarantee system more balanced and to reduce the budget burden, with the President's Decree dated 28/02/2019 and numbered 793, the ceiling rate was changed by changing the commission rates and it was possible to get commission from the lenders.