SME Support Fund Program

SME support fund program

Cuatomers Activity	SME Support Fund's LE or PE community included in the program (80% non-state shareholder). 4*
Purpose	purchase of fixed assets and working capital
currency	AMD
Term	---	maximum 36 month
interest rate	AMD` 10% Attention this loan nominal interest rate can be modified by the company. *
Disbursement (determined by the scale of the loan term)	min 1%AMD,max 3%AMD
interest payments	monthly
Capital Amount Repayments	Monthly equal loan payments
Repayment of principal possible grace period	---	up to 6 months
minimal amount	300 000 AMD
maximal amount	7 000 000 AMD
Security of Loan Recovery 6*	Up to 700,000 AMD - 2 guarantors or pledge (Moreover, one guarantor will be a member of family of entrepreneur: father, mother, wife, child). 700.001- 2,000,000 AMD - 3 guarantors or pledge (Moreover, one guarantor will be a member of family of entrepreneur: father, mother, wife, child); 2.000.001 - 7.000.000 AMD - pledge and 1 guarantor (a member of family of entrepreneur).
Pledger (Appendix 1) 3*	1 EA, which offers credit application 2 EA owner or director, Private Entrepreneur: 3 ID family member (father, mother, wife, child) of the 1st class of Private Entity (also considered as case-ownership)
Penalties, Fines (Annex 2)	iprsented in Annex 1
Other provisions (Annex 3)	prsented in Annex 2
Not financed (Appendix 4)	prsented in Annex 3

The purpose of the loan is to replenish working capital and / or repayment of fixed assets and / or capital repairs and / or other liabilities
	^2*	The loan may be extended for a period exceeding 36 months, repayment of fixed assets and / or capital repairs and / or other liabilities.
	^3*	1 person / physical person who is applying for a loan 2 the owner or director of his personality, 3 family member (father, mother, wife, child) 4 physical person client family member (father, mother, wife child) (the case of the right of joint ownership is also observed)
	^4*	SME loans are provided as follows: Branches, Manufacturing, Service, Retail In the target communities SME developed support
	^5*	One of guarantors must be the same family member.In case of necessity, it may be required as a variety of additional security, movable property, plus guarantees. Minimum requirements for the guarantor are the loan amount comparable fixed income (salary business, etc.) and / or liquidity property (vehicle, real estate).
		For all loans where collateral is required, the rate of loan amount and estimated collateral (liquid) ratio can not exceed 50% in urban areas, 30% in rural areas
	^6*	The repayment term is set for the entire loan term, which can be provided no more than 6 months per annum, without interruptions.
	^7*	A 21-year-old physical person
	^8*	The number of parallel and non-collateral loans in the ECLOF can not exceed 2 credits and ≤ 2 000 000 AMD .Represented customers are ECLOF, one or more stages, at least 6 months of repayment.