Business loan for working capital replenishment

Resident individual entrepreneurs and legal entities of the Republic of Armenia that meet the definition of Micro, Small and Medium EnterprisesAs well as those Micro, Small and Medium Enterprises whose financial statement analysis results meet the requirements of the Credit Organization

For capital investments and other business purposesThe purpose of this lending program is to ensure the liquidity of MSMEs by improving their access to loans in national currency. The program is not aimed at refinancing loans in any specific sector or sector(s) of the economy. It should serve to finance business investments in a wide variety of sectors of the economy (purchase of machinery, equipment, management of enterprises, etc.)

Armenian Dram (AMD)

Cashless

2,000,000 AMD

25,000,000 AMD

6 - 48 monthsIn certain cases, a grace period of up to 3-6 months may be provided

11 - 13 %

11.6 - 13.81 %

Real estateVehicleMovable propertyStandardized gold bars or scrapIf necessary, in the presence of other collateral, working capital and finished products may also be accepted as collateral (taking into account the loan/collateral ratio, lending terms, customer credit history, etc.) *As an additional condition, the credit organization may require a personal guarantee from the founder or beneficial owner of the business, or may require a guarantee from another individual or legal entity as an additional security measure

In the case of real estate, up to 70% of the assessed value. In the case of automobiles /vehicles/, up to 60% of the assessed value. In the case of movable property /fixed assets/, up to 50% of the assessed value. In the case of standardized gold bars or scrap, up to 90% of the assessed value. In the case of current assets, up to 50% of the assessed value

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15 bisuness days

Dear customer, we inform you that this type of loan has a high actual interest rate, so please consider in advance other similar services available on the market and evaluate your ability to repay the loan.