European Investment Bank Loans for SMEs
ING Bank and the European Investment Bank (“EIB”) has entered into Loan Agreement to be utilized in the financing of investment and/or working capital needs of the SME’s operating in Turkey.
- Businesses with fewer than 250 employees could apply for the loan.
- EIB loans have maximum 8 years and minimum 2 years term.
- Line of credit cannot exceed EUR 12,5 million.
- SME projects (new investment, expansion, modernization) with a total value less than EUR 25 million and working capital requirements not exceeding EUR 12.5 million can be financed through EIB loans
- Short term financing needs for real estate and land development; financial transactions like purchase of a stocks and consumer financing cannot be financed with EIB loans.
- Projects in the restricted sectors as described by EIB cannot be financed by EIB funds.
- Projects in the sensitive sectors with a total value more than EUR 1 million could only be financed by EIB funds subject to EIB approval.
Please visit our branches for detailed information and application for EIB loans ensuring long term and cost advantage.
Overdraft Account
With an Overdraft Account defined to your current account, you can borrow up to your limit and pay interest up to the amount and days of your borrowing. So you will keep your financial costs under control and no longer bother about your check, rent and salary payments. What’s more, even if your account has insufficient balance, your bill and tax payments, for which you issued an automatic payment instruction, continue to be made from your Overdraft Account.
Installment Loan
We support you with Installment Loans in any of your requirements from capital increase to replacements in your business, from your business growth plans to your cash requirements, from equipment replacement to your goods purchases.
Using Installment Loans, you can meet your cash requirement at a time and make your repayments by fixed or flexible installments according to your cash flow. You can use your loan either in TL or FC, with a term up to 60 months, according to your requirement.
Revolving Loan
With a Revolving Loan, you can promptly meet short-term cash requirements of your business. You can withdraw and transfer money, any time from your account, within your limit.
Revolving loans allow you to close your loan in part or in full any time during the term, paying interest only for the amount and days of your borrowing. In addition, the feature of quarterly interest payments will provide you with ease in the cash flow of your business.
Spot Loan
To meet your short-term cash requirement, you can use a Spot Loan with a fixed loan amount, term, and interest rate, in TL or FC according to your requirement.
Since the interest rate is fixed on the day you first used it, your loan will not be affected from interest rate and economic fluctuations and you will get ease in the cash management of your business.
Office Loans
If you want to tired of paying rents for your business, use Office Loan and buy the real property of your choice.
What’s more, with terms up to 60 months, you can easily repay your loan. You can use the Office Loan, in TL or as FC-indexed according to your requirement, up to 70% of the appraisal value of the real property you will buy.
Auto Loans
If you want to buy a vehicle or a fleet of vehicles for your business a vehicle or a fleet of vehicles, you can use Commercial Vehicle Auto Loans, in TL or FX Indexed according to your requirement, up to a term of 48 months, and with advantageous interest rates.
Besides, you can also have additional interest discounts when you buy your vehicle insurance through our Bank.
Discount Loans
With Discount Loans, you can cash your undue receivables documented by checks, notes, etc. used in commercial transactions.
We forthwith pay the amount of note and checks, after collection of interest accruing on the note until its maturity, So cash flow of your business is eased.
Invoice Financing Loans
You can use invoice financing loan, in TL or as FC Indexed, up to a term of 12 months for goods purchases or up to term of 36 months for equipment purchases. You can make your payments monthly, quarterly or semiannually, as you prefer.
No additional interest other than the commission paid during the loan disbursement is charged with Invoice Financing.
Tourism Loans
Tourism Business Loans
We are here with our TL or FC Indexed Tourism Business Loan for your expenses such as working capital, new equipment, goods and service purchase to ensure continuity of your business!
Make your payment easily in the season without straining the budget of your business and expand your business smoothly. We offer you, to a term of 36 months and a grace period of up to 6 months during the year.
Tourism Investment Loans
Do you need financing for a lot purchase, modifications, or the construction and purchase of an additional building or unit? The Tourism Investment Loan is just for you...
With the loan facility you can use in TL or FC Indexed up to a term of 60 months, you can make your payments without straining the budget of your business while having the opportunity of a grace period up to 6 months four your repayments, depending on seasonality of the sector.
Foreign Currency Loans
If you have exports or any operations with foreign currency receipts, you can meet your financial requirements through an Foreign Currency Loan. Where you borrow in USD / EURO, protecting your business from potential exchange rate risks.
Foreign Currency Indexed Loans
These are loans you can use with an interest rate applied in and as indexed to a foreign currency, and which is closed with the collection of the principal and interest at the term. FC-indexed loans involve no export commitment.
Foreign Currency Check Purchase Loans
It is made available through the purchase by the bank of your checks drawn in a foreign currency and through the payment to your company of the check amount after necessary deductions, before the check maturity.
ING Bonus Business Card
Do you want to take advantages of making your company expenditures such as travels, accommodation, hosting, entertainments and other requirements of your business are paid for with your credit card and no cash carried by you or your employees.
Moreover ING Bank Bonus Business is the most advantageous credit card in Turkey!
