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.