6 March 2024
Exporting small and medium-sized enterprises (SMEs) now have access to preferential loans with guarantees through the Trade and Development Bank (TDB). These loans are tailored to support businesses supplying goods and services for export, based on valid agreements with importers and letters of credit.
The product finances pre- and post-shipment activities, offering loans guaranteed up to 60%. Borrowers can access loans up to 2 billion MNT with annual interest rates ranging from 10.36% to 12.34% for a maximum term of 12 months.
To qualify, applicants must be exporting SMEs facing collateral shortages and must have valid purchase agreements with buyers.
Together Towards Sustainability
Trade and Development Bank