Armbusinessbank launches “MINI” loan product for small businesses. The credit facility shall be provided for a period of up to 5 years, for the replenishment of working capital and for investment purposes.

Eligible borrowers will have the opportunity to get a loan amounting up to 25 million drams or foreign currency equivalent, under security of real estate, at an annual interest rate of 11-13% (depending on the selected currency). A favorable financial analysis is a precondition for extending the loan.

"The Bank considers support and maintenance of small businesses as a target segment subject to the Bank’s development strategy for 2019-2021. It is intended to disburse “MINI” loan product in a most simplified, prompt way and to make it less costly for the customer. We hope that these conditions will have a maximum positive effect on the establishment of strong and long-term cooperation with small businesses”, said Alyona Stratan, Deputy Chairman of the Executive Board of Armbusinessbank.

For the details of “MINI” loan product please click HERE.

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