TBC Bank JSC and Produce in Georgia are starting another joint project for business loans to be 90% secured by the state.
The project aims at improving business loan availability for beneficiaries that cannot afford sufficient security.
The lower and upper thresholds of the loans will be: 50,000-5,000,000 GEL
The project is intended for businesses with annual sales not exceeding 20 mln GEL and the total credit liability equal or under 12 mln GEL.
The project also envisages 30% state participation in security for businesses impacted by COVID 19. Such businesses are offered a flexible restructuring scheme.
