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BT's impact on the economy through Start-Up Nation: 5,500 business ideas supported generated over 25,000 jobs

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March 10, 2020
READING TIME: 2 MINUTES
BT's impact on the economy through Start-Up Nation: 5,500 business ideas supported generated over 25,000 jobs

Almost 60% of the beneficiaries of the Start-Up Nation Programme so far are clients of Banca Transilvania. Through BT, about 5,500 projects are implemented out of the 10,000 registered in the programme.

 

  • More than 25,000 jobs were created across the country, 19,500 of them for disadvantaged people, high school graduates or people who were unemployed.
  • The average age of entrepreneurs is 37.
  • Most projects supported are in Bistrita-Nasaud, Sălaj, Bihor, Timis and Prahova, with an average of 330/county.
  • The bank has so far granted almost 2,600 bridging loans under the programme, totalling almost 500 million lei.
  • Entrepreneurs can access the BT Start-Up Nation Package, which includes a bridging loan (fixed interest rate: 4.5%; lending fee: 0.75%), current account, Free First Year Account facility and complementary banking facilities. All of these are designed to manage the business and meet the needs of entrepreneurs in the first year of business - from setting up the company's website or their own online shop, invoicing, free labour medicine and recruitment notices, to access to courses and workshops.

 

#Sustainability:

  • Nearly 100 of the businesses supported by BT through Start-Up Nation are related to culture, education and sport.
  • For BT, the Start-Up Nation programme is one more opportunity to support entrepreneurs and communities by stimulating business start-ups, entrepreneurial and digital education, generating jobs and contributing to social inclusion.
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