Banca Transilvania Financial Group launches BT Mic, a company dedicated to financing small businesses

Banca Transilvania Financial Group launches BT Mic, a company dedicated to financing small businesses. This start-up completes BT's role in supporting entrepreneurs in Romania, and the segmentation of corporate clients at Banca Transilvania is now the following: micro, SME, corporate clients and large corporate clients.

Details:

• Through BT Mic, financing is granted to entrepreneurs who have an annual turnover of up to 1 million lei, regardless of the field of activity and the form of organization: commercial companies, authorized individuals, family enterprises / associations, individual enterprises, freelancers, people who carry out economic activities.
• Loans are offered if the companies have at least 3 months of economic activity. The loans may have as destination the support and development of the daily activity, the purchase of goods, the payment of suppliers, investments in work points and/ or the opening of new ones, the acquisition of machines / equipment, etc. 
• Through BT Mic, the clients' approach is individual, personalized, with the objective of understanding each business and agreeing to a financing structure that ensures its development in a sustainable way. Customers benefit from flexibility in terms of guarantees requested and amounts of up to 120,000 lei.
• The loan granting period is up to 7 years.
• The loans are granted quickly through the BT Mic network and the Transilvania Bank.
• BT Mic is coordinated by Cristina Sindile, general manager, person with relevant experience in microfinance.

Statements of Banca Transilvania Financial Group:

Ömer Tetik, General Manager, Banca Transilvania: "BT Mic is an initiative of our team, which became a start-up of the Banca Transilvania Financial Group through which we help small businesses grow. BT, as the bank of entrepreneurial people, now has the largest ecosystem to support SMEs in Romania".

Cristina Sindile, General Manager, BT Mic: "We want to provide very good services to small entrepreneurs, and in this regard we come up with fast, flexible and customized financing solutions. We have a team with a very good understanding of small businesses, made up of enthusiastic people, with entrepreneurial spirit, like our clients. We are confident that we will facilitate in a responsible way the access to financing for a large number of clients."

The story of BT Mic:

The story of BT Mic – the journey from idea to launch, impressions of representatives of the team and what is the connection between BT Mic and "BT Mare" (Banca Transilvania) – is presented on the BT Blog.