KGF Construction Services Financing Support Package

Dear Member,

With reference to the letter sent to our Chamber by TOBB, upon requests from our members and through the initiatives of our Union, the Credit Guarantee Fund has published the "Construction Services Financing Support Package" for the completion of housing projects of SME and non-SME construction companies that are at least 30% complete but not yet fully finished.

Within the scope of the support package;

- for SMEs, the upper guarantee limit has been set at TL 35 Million and the upper credit limit at TL 46.6 Million,

- for non-SME enterprises, the upper guarantee limit has been set at 150 million YL and the upper credit limit at 200 million TL.

The loan maturity will be at most 36, including a grace period of at most 6 months. As of the loan application date, the beneficiary must not have sold or made a promise to sell at least 20% of the housing units, or of the land portion falling to its share under the real estate sale promise and land share-for-construction contract drawn up by a notary, or owned by it according to the land registry record of the housing project subject to the guarantee. Financing support will be provided for unsold housing units. A loan of at most TL 500,000 per housing unit may be extended to the construction project. An information note on the subject is attached.

Attachment: KGF Construction Services Financing Support Package

Kind regards,

Elazığ Chamber of Commerce and Industry

 

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Date Added :2022-11-01 03:32:00