Sabah Gündem1 hour agoBusiness1 min readTürkiye

Support message from Minister Kacır to SMEs: "Loans up to 1 million TL will be provided"

Zero financing cost loan of up to 1 million TL to small businesses and 500 thousand TL to micro businesses

Quick Look

Minister of Industry and Technology Mehmet Fatih Kacır announced Emergency Support by KOSGEB for SMEs affected by floods and overflow disasters in Istanbul and other cities.
A loan of up to 1 million TL is offered to small businesses and a loan of up to 500 thousand TL to micro businesses, with zero financing costs, 24 months maturity and a 6-month grace period.
The application deadline is December 31, 2026.

AI-generated summary

Why It Matters

A support program was announced to compensate for the economic losses of SMEs affected by floods and overflow disasters in Istanbul and other cities.

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Minister of Industry and Technology Mehmet Fatih Kacır gave the following information on the subject in his statement on his virtual media account:

"We are implementing Emergency Support through KOSGEB in order for our SMEs affected by floods and overflow disasters in Istanbul and other cities to compensate for their economic losses and continue their activities. Within the scope of the support; 1 million TL loan to small businesses and up to 500 thousand TL loan to micro businesses. Zero financing cost (The entire loan interest/profit share is covered by KOSGEB.) 24 months maturity, 6 months grace period. Deadline for application: December 31, 2026. We continue to support our SMEs."

What to Watch

AI outlook — possibilities, not facts

Loan applications from SMEs in the disaster area may increase until December 31, 2026.
Likely · Within months

Open Questions

Details about the application process and application channels were not provided.
The total budget to be allocated for support loans is not clear.
The criteria by which loan applications will be evaluated are not clearly stated.