Details of 'Breath Loan' Have Been Revealed

Details of the 'breath loan' have been revealed. The Ministry of Treasury and Finance has announced the details.

With the Loan Package, the Turkish Ministry of Treasury and Finance will provide working capital financing to members registered in the Trade, Maritime Trade, Industry, Commerce and Industry or Commodity Exchange, whose annual turnover is less than 10 million TL and who lost 25 percent in 2020 turnover compared to 2019. SMEs whose turnover does not exceed 1 million TL in 2020 will be able to use a maximum of 50 thousand TL, and SMEs with a turnover of 1-10 million TL will be able to use a maximum of 200 thousand TL credit, and TOBB and Chambers/Commodity Exchanges will contribute to the project by investing their resources in these banks. In the 2021 Loan application, which will provide businesses with a 6-month grace period, loan repayments will be made in 12 equal installments. In the aforementioned application, Treasury-backed KGF guarantee will be provided, and the annual interest rate was determined as 17.5 percent. Participating banks are listed as follows:

• ZİRAAT BANKASI A.Ş.
• TÜRKİYE VAKIFLAR BANKASI T.A.O.
• TÜRKİYE HALK BANKASI A.Ş.
• TÜRKİYE İŞ BANKASI A.Ş.
• GARANTİ BANKASI A.Ş.
• YAPI VE KREDİ BANKASI A.Ş.
• AKBANK T.A.Ş.
• DENİZBANK A.Ş.
• ZİRAAT KATILIM BANKASI A.Ş.
• VAKIF KATILIM BANKASI A.Ş.