TOBB Breath Credit starts again

Within the scope of TOBB Breath Loan, which was put into use on June 8, 45 billion lira loans have been provided so far. With the new tranche, it is aimed to provide an additional 50 billion lira loan. In the new tranche, the credit limit per company was increased to 5 million lira. Businesses that used loans in previous tranches will also be able to use additional loans to complete the total loan amount to 5 million lira.

The TOBB Breath Loan, implemented within the scope of the Credit Guarantee Fund's Equity Guarantee Program, aims to meet the working capital needs of SMEs under favorable conditions. A company will be able to use a maximum loan of 5 million lira. Businesses that have previously used TOBB Breath Loan this year will be able to request an additional loan to complete the amount they used to 5 million lira. Loans will have a maximum maturity of 48 months, including a 6-month principal grace period. 36 percent annual interest will be applied for up to 24 months, and 34 percent annual interest will be applied for maturities over 24 months. The loan volume will be 50 billion Turkish Liras. All Chamber and Stock Exchange member businesses affiliated with TOBB will be able to apply to banks participating in the program as of Tuesday, November 3.

Stating that a new loan tranche of 50 billion liras will be opened within the scope of the Breath Loan for SMEs, TOBB President Rifat Hisarcıklıoğlu said, "With the Breath Loan we started in June, we delivered 45 billion liras to our SMEs in five months. The demand we saw clearly showed how much the real sector needs the breath loan. Now we are opening a new tranche of 50 billion liras and increasing the limit per company to 5 million liras. Our SMEs continue to produce, provide employment and "As long as they continue to export, we will continue to be with them. I would like to thank the Minister of Treasury and Finance Mehmet Şimşek, the President of the Central Bank Fatih Karahan, the Chairman of the KGF Board of Directors Erdoğan Özegen and all our participating banks who contributed to the implementation of this program."