Nizip Commodity Exchange (NTB) Chairman İbrahim Sarı announced that the new term applications for TOBB Breath Credit, which was implemented to facilitate SMEs' access to finance, will start on Tuesday, November 3. President Sarı invited all exchange members to benefit from this important financial support.
Making a statement about the TOBB Breath Loan, which is carried out in cooperation with the Union of Chambers and Commodity Exchanges of Turkey (TOBB), Credit Guarantee Fund (KGF) and banks, Nizip Commodity Exchange Chairman of the Board of Directors, İbrahim Sarı, emphasized that it is vital for local businesses to maintain their cash flow in the face of global and regional economic fluctuations.
"It will add great power to Nizip's economy"
Reminding that 45 billion TL of credit was provided throughout the country in Breath Credit in June, President İbrahim Sarı said, "This new tranche of 50 billion TL will be a critical lifeline for our SMEs that continue to produce, provide employment and export. Moreover, increasing the credit limit per company to 5 million TL in this period will further ease the hands of our businesses."
Stating that members who have previously used loans are not forgotten, Sarı stated that businesses that have received Breath Loans this year can also apply for additional loans, bringing the total amount to 5 million TL.
“6 Months No Payment, Up to 48 Months Maturity Advantage”
Stating that the repayment conditions of the loan are quite suitable compared to market conditions, NTB President İbrahim Sarı shared the following information about the payment plan:
Grace Period: Loans will have a maximum maturity of 48 months, including a 6-month principal grace period.
Interest Rates: An annual interest rate of 36 percent will be applied for maturities up to 24 months, and an annual 34 percent interest rate will be applied for maturities over 24 months.
“Applications Start on November 3rd”
Stating that all members of Nizip Commodity Exchange can apply starting tomorrow, Sarı concluded his words as follows:
"Entities that are members of our stock exchange can apply to contracted public, private and participation banks as of Tuesday, November 3. On behalf of the Nizip business world, I would like to thank our TOBB President Mr. Rıfat Hisarcıklıoğlu, our Minister of Treasury and Finance, our Central Bank President and all institutions that contributed to bringing this visionary project to the real sector. I hope that the New Breath Credit will be beneficial to all our members and our country."