28 September 2023
Small and medium-sized enterprises (SMEs) engaged in exporting goods and services can now access guaranteed loans with preferential terms from the Trade and Development Bank (TDB).
This loan product is designed to finance both pre- and post-shipment activities for enterprises exporting goods. The financing is based on valid contracts or letters of credit agreements with their importers and is issued with a guarantee.
Borrowers who utilize this guaranteed loan can receive up to 2 billion MNT for a term of up to 12 months, with an annual interest rate ranging from 10.36% to 12.34%, and up to 60% of the loan amount guaranteed.
Key requirements for eligibility:
- The borrower must be an SME exporter lacking sufficient collateral.
- The borrower must have a valid agreement with a buyer.
TOGETHER TOWARDS SUSTAINABILITY
TRADE AND DEVELOPMENT BANK