Banca Transilvania has the engines started for the distribution of grants designed to support entrepreneurs

Banca Transilvania is a partner bank in the European funds grant programme for entrepreneurs and is ready to ensure its rapid implementation. The programme - initiated by the Ministry of Economy, Energy and Business Environment - is aimed at supporting companies and the economy. Entrepreneurs with businesses affected by the context generated by the pandemic can benefit from funding between 2,000 and 200,000 euros through the Competitiveness Operational Programme 2014 - 2020.

"It is a €1 billion programme that has already generated a lot of interest among entrepreneurs. Because it is important for companies to have access to grants, then they become our default priority at BT. We are mobilising and we are ready. We need to support each other." - Tiberiu Moisa, Deputy General Manager MidCorporate & SME, Banca Transilvania.

The programme has three funding schemes: micro-grants, working capital grants for SMEs and investment grants for SMEs. For companies that choose the third financing option, of up to EUR 200,000 for investments, Banca Transilvania is also prepared to grant bridging loans, replicating the positive experience of another programme of which it was part, Start-Up Nation.  

Micro-enterprises, small and medium-sized enterprises, as well as PFAs can register online for the programme. Banca Transilvania has prepared online information, useful for those who want to choose BT as a partner bank.