Home / Banking / Bank of Georgia Starts Issuing of European Business Loans
Bank of Georgia Starts Issuing of European Business Loans

Bank of Georgia Starts Issuing of European Business Loans

Bank of Georgia starts issuing of European business loans in order to enable entrepreneurs to export their products at the European market.

According to the bank, credit line of 220 million GEL obtained from European Bank for Reconstruction and Development (EBRD) gives opportunity of development and expansion to the business, existing in Georgia.

As of conditions of European business loan, representatives of local business have a possibility to refund 15% back of the sum, while applying a loan from 100 000 to 3 000 000 EUR. Term of European loan is up to 5 years, at that 2 years are  grace period.

To note, local entrepreneurs will have possibility to use consultation services of international experts free of charge and take support in implementation of new technologies.