SME Support Can Also Be Provided Without Collateral

SME support can also be provided without collateral. KOSGEB will give the support to be collected back.

The supports provided by KOSGEB in return for collateral to be collected can now be given without obtaining a guarantee. KOSGEB's Regulation on the Amendment of the Support Programs Regulation entered into force after being published in the Official Gazette. The supports provided by the Small and Medium Enterprises Development and Support Administration (KOSGEB) in return for collateral to businesses, entrepreneurs, professional organizations and operating organizations can be used without obtaining a guarantee in line with the specified conditions. According to the decision taken, the supports provided in return for collateral to be collected back to businesses, entrepreneurs, professional organizations and operating organizations within the scope of support programs can now be given without obtaining a guarantee in line with the procedures and principles determined by the executive committee.     Source: TRT