Banca Transilvania has started approving the loans in the SME INVEST 2021 program

Press release 2021-05-18
Banca Transilvania has started approving the loans in the SME INVEST 2021 program

• Tiberiu Moisa, BT: The extension of the program is more than welcome.

We organize our best to complete the requests by June 30" •

Banca Transilvania, the main banking institution in SME INVEST,has started approving the loans within the program. Over 5,000 companies have chosen BT as their partner bank so far, this year.

In 2021, through the changes made to the program, the categories of eligible beneficiaries have been extended, so that the liberal professions, PFAs, family enterprises and those who have agricultural activities can apply for funding.

"The extension of the program is more than welcome. We have confidence, given the success it enjoyed last year. At BT, we continue to be significantly involved in facilitating access to finance and recommend to SME INVEST clients. Orice is important for the Romanian business, it is important for us. From what we see, farmers show significant interest in AGRO SME INVEST and we expect this program to grow. We organize ourselves as best as possible to finalize the clients' requests by June 30",says Tiberiu Moisa, Deputy General Manager midcorporate & SME, Banca Transilvania.

The SME Invest program facilitates the access to finance of small and medium-sized businesses affected by the pandemic. The state guarantees up to 90% of the loan value, and the period of granting the guarantee is up to 72 months. Beneficiaries can cumulate financing guaranteed by the state within the ceiling of 10 million lei, of which a maximum of 5 million lei for working capital.

More details for entrepreneurs who choose BT as their partner bank are included in the brochure BT SME INVEST and on the bank's website.

 

SME INVEST and BT brought last year in the economy almost 4.5 billion lei

In 2020, through the SME INVEST program and Banca Transilvania, over 10,000 loans were granted, which brought into the economy almost 4.5 billion lei and through which approximately 100,000 jobs are supported.

SME INVEST means for the bank almost 3,000 new clients, one third of the companies credited being at the first financing from Transilvania Bank.