TOBB Breath Loan 2021 Applications Have Started

The Breath Loan project, which was successfully implemented in previous periods with the valuable contributions of our chambers/commodity exchanges to contribute to solving the financing problems of Small and Medium-sized Enterprises (SMEs), is being relaunched. The protocol for the project has been signed with the Credit Guarantee Fund and the banks. The banks with which the protocol has been signed are Ziraat Bankası, Halkbank, Vakıfbank, İş Bankası, Garanti Bankası, Yapı ve Kredi Bankası, Akbank, Denizbank, Ziraat Katılım and Vakıf Katılım Bankası.

In this framework, members of chambers and commodity exchanges will be able to use the loan by applying to any of the branches of the said banks in our province or districts as of Tuesday, 01.06.2021. Other details of the project are set out below:

1) The loan to be used by our members will have a total maturity of 18 months, with a 6-month grace period on principal and interest, followed by repayment in 12 equal monthly instalments. The gross interest rate of the loan to be extended is % 17,50 per annum.

2) The banks with which the protocol has been signed will not request any expenses or commissions from members other than the %0,03 (three in ten thousand) guarantee application fee and commission to be paid to KGF and the %1 bank commission.

3) Members whose 2020 turnover is %25 lower than their 2019 turnover will be able to benefit from the loan. This condition will not be sought for companies established in 2019 or later. The turnover loss condition will be checked by the bank extending the loan.

4) Businesses with a 2020 turnover below 1 million TL will be able to use a maximum of 50.000 TL, and businesses with a turnover between 1 million TL and 10 million TL (inclusive) will be able to use a maximum of 200.000 TL.

5) In order to apply for the loan, SMEs will first obtain a certificate of activity from our chambers and commodity exchanges bearing the explanatory phrase "This is for a Breath Loan application." The certificate of activity can also be obtained digitally. (The bank will not accept requests without this document.) Certificates of activity must be issued as of 01.06.2021, the start date of the project. Certificates of activity issued before this date will be invalid.

6) In lending, all risk and collateralisation will belong to the banks with which the protocol has been signed and to KGF with the support provided by the Ministry of Treasury and Finance. Deposits blocked by our chambers and commodity exchanges will not be within the scope of collateral. During the loan assessment process, our Union and our Chamber will not participate in any loan approval regarding companies requesting loans and will not provide references.

7) No tangible collateral will be required for the use of the loan. However, in sole proprietorships, if a third-party guarantor cannot be found, tangible collateral may be requested at the customer's request.

 

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Date Added :2021-05-31 07:13:00