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Back|Minister Kacır: Up to 1 million TL credit support will be provided to SMEs affected by the flood
Minister Kacır: Up to 1 million TL credit support will be provided to SMEs affected by the flood
Urgent
Hürriyet Gündem·1 hour ago·Business·1 min read·🇹🇷Türkiye·

Minister Kacır: Up to 1 million TL credit support will be provided to SMEs affected by the flood

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

Quick Look

  • Minister Kacır announced KOSGEB Emergency Support 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 the economic losses of SMEs affected by floods and overflow disasters.

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Minister 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."

Open Questions

  • ?How will the application process be carried out?
  • ?What documents are required for support?
  • ?How long will the loan approval period take?

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This article was originally published by Hürriyet Gündem.

Quick Look

  • Minister Kacır announced KOSGEB Emergency Support 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

Story signals

News tone
Neutral
Emotional intensity
Medium
News value
Moderate
Global impact
National
Urgency
Urgent
Follow-up likelihood
Likely
Relevance window
Weeks

Source & Reliability

Source
Hürriyet Gündem
Source quality
Full
Published
1 hour ago
View original
SME
KOSGEB
flood
SME
Minister Kacır
KOSGEB
Istanbul
KOSGEB
flood
credit
support
Istanbul

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