Banca Transilvania started approving loans in the SME INVEST 2021 program

- Tiberiu Moisa, BT: The extension of the programme is more than welcome.

We are organising ourselves as best we can to finalise applications by 30 June" -

Banca Transilvania, the main banking institution in IMM INVEST, has started approving loans under the programme. More than 5,000 companies have chosen BT as their partner bank so far this year. BT Financial Group is ready to take applications on the other components of the programme, AGRO IMM INVEST, IMM Factoring and IMM Leasing.

In 2021, with the changes to the programme, the categories of eligible beneficiaries have been expanded, so that self-employed professionals, PFAs, family businesses and those with agricultural activities can apply for financing.

"The extension of the programme is more than welcome. We are confident, given the success it enjoyed last year. At BT, we continue to make a significant commitment to facilitating access to finance and recommend IMM INVEST to our customers.Whatever is important to Romanian business is important to us. From what we see, farmers are showing significant interest in AGRO IMM INVEST and we expect this programme to grow.We are doing ourbest to finalize client applications by June 30", says Tiberiu Moisa, Deputy General Manager MidCorporate & SME, Banca Transilvania.

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

More details for entrepreneurs who choose BT as a partner bank are contained in the BT IMM INVEST brochure and on the bank's website.

IMM INVEST and BT brought last year almost 4.5 billion lei into the economy

In 2020, more than 10,000 loans were granted through the IMM INVEST programme and Banca Transilvania, bringing in almost 4.5 billion lei to the economy and supporting around 100,000 jobs.

IMM INVEST means for the bank including almost 3,000 new clients, one third of the companies lent being at their first financing from Banca Transilvania.