Those, who plan to expand their business activities, reach higher levels or want to draw financial resources for unique idea will find this interview very interesting.We have interviewed Konstantine Makatsaria, head of micro, small and medium business department of Terabank, about business sector crediting and other business products of the bank.
We have chosen Terabank, because, thanks to rebranding project, the bank has created a special business environment, the so-called business hub.
-What is the objective of creating a business hub at Terabank?
– Terabank’s business strategy makes special accent on small and medium business sectors. We offer a full package of bank services to clients of this segment so as their do business easier. We offer high-standard, flexible, quick services and provide business consultations. It is our interest to provide maximum benefits to clients and this is main precondition for business success and development of our country.
-What criteria should business project satisfy and what time is required for taking a loan at Terabank?
-These criteria are very simple: business must have the history of at least 6 months and ir must be successful. We analyze business activities, study development dynamics and take decisions over crediting. One of the advantages of Terabank is that boutique-style bank treats clients much simpler and consequently, decisions are taken in quick regime. The time is individual for all projects. On average, 1-3 days are required for taking decision for a project. Business loan amount starts from 3 000 USD (equivalent in GEL), while interest rate is determined on individual basis.
-Is any business direction priority or particularly interesting for Terabank?
-We consider all business cases on individual basis at Terabank. Because, all business sectors have their peculiarities, interesting and weak aspects. We consider idea of creating new enterprises especially positively.
-Besides credit products, does your bank offer other products to business sector?
-Our credit products are very flexible for business sector: long-term business loan, monthly or individual/seasonal coverage schedule; business overdraft for improving short-term liquidity of clients, in addition; short-term business loan for financial one-time operations.
Along with business loans, we also provide document operations, that is bank guarantees, bill of credits and so on. Clients use these products very well, because in case of international trade, this is one of the safest payments methods.
As to noncredit products, we have very good conditions for operational services and consequently, there is much demand for the mentioned services;
-Why should business companies cooperate with Terabank?
-Terabank provides highest-standard services. It does not matter what products business uses in our bank. All clients have service bankers and they can contact only one person for fulfilling any bank operation – personal SME banker. This person cares that business client be maximally content with Terabank services and feel the bank takes into account their interests.
Besides high-standard services, a special environment has been arranged at Avlabari branch and we call it as Business Hub. Under the finance house concept, we offer very cozy and comfortable interior for clients. If necessary, our clients are able to use our meeting rooms for business needs.