BT Mic supports education by funding private schools and kindergartens

Press release 2021-02-09
BT Mic supports education by funding private schools and kindergartens

BT Mic launches the Loan for Education,to support entrepreneurs who manage a private school or kindergarten and need financing. The loan means access, in just a few days, to amounts of up to 200,000 lei, with European guarantee.

The launch takes place in a period of challenges for schools and kindergartens, for education in general, all the more so as access to funding in this niche is limited. The solution that BT Mic comes up with is at the same time a message of trust for entrepreneurs who, despite the context of the pandemic, have plans for the future, thus contributing to the development of education in Romania.

The initiative is part of the sustainability strategy of banca transilvania financial group, in which responsible financing and generating a positive impact in the economy and society is a priority.

"Easyaccess to finance in such a period is a necessity for any business, and education is among the sectors most exposed to the economic stress generated by the current context. That's why we wanted to come up with a dedicated financing solution, in this stage of transformation and reinvention of education"– says Cristina Sindile, General Manager, BT Mic.


Details about the newest BT Mic loan: 

  • For the loan can be applied online on the BT Micwebsite.
  • The loan is for kindergartens and schools, regardless of the form of organization, SRL, association or foundation, which have at least 3 months of activity.
  • The financing can have as destination any plan in such a business: online platforms, licenses, applications, trainings for employees, educational events, arrangement and facilities of spaces, various expenses, etc.
  • The financing period is up to 7 years.
  • The guarantee is provided by the European Investment Fund (EIF).

BT Mic is one of the companies of the Banca Transilvania Financial Group, which completes the bank's role of supporting entrepreneurial people. It is addressed to companies with an annual turnover of up to 1 million lei, from all fields of activity. So far, BT Mic has supported over 13,000 small businesses to grow. The company offers more than financing: customers are promoted on the BT Mic Blog,part of the initiative carried out during this period, Buy from a small business, and through the chatbot Raul, accessed on the BT Micwebsite, entrepreneurs with small businesses can easily apply for a loan from BT Mic.