Terabank is excited to announce its partnership with the "Enterprise Georgia" program, aimed at supporting micro and small entrepreneurs by offering microloans. Previously, microloans were only available for amounts exceeding 50,000 GEL; now, under this initiative, entrepreneurs can access loans ranging from 20,000 GEL to 50,000 GEL to start or grow their businesses.
Key features of the program include:
- Collateral Support: Micro and small entrepreneurs will receive 80% collateral support from the agency.
- Fixed Interest Rate: The maximum interest rate is set at 8.5%.
The program also emphasizes support for specific groups, offering enhanced opportunities for women entrepreneurs and those living in mountainous regions. These individuals can benefit from:
- Full Interest Coverage: For up to 60 months, the agency will cover all loan interest.
- Zero Interest Rate: Both the loan interest rate and issuance commission will be 0%.
This initiative is particularly suited for micro and small entrepreneurs looking to establish or expand businesses in sectors such as beauty salons, auto workshops, woodworking, leather goods repair, and more. It also provides an excellent opportunity for young entrepreneurs offering software as a service.
For more information about the program, please visit: https://bit.ly/4gRbqlw
