Small and medium-sized enterprises (SMEs) involved in exporting goods and services now have access to guaranteed and preferential loans through Trade and Development Bank (TDB).
These loans are tailored for businesses exporting goods, based on valid contracts or letters of credit signed with their import partners. The financing can cover activities both before and after the shipment of goods, providing essential support for smooth operations.
Borrowers utilizing this guaranteed loan program can secure up to MNT 2 billion with interest rates ranging from 10.36% to 12.34% per annum for a term of up to 12 months. Additionally, up to 60% of the loan amount can be backed by guarantees, making this financing highly accessible.
Key eligibility criteria include:
- The borrower must be an SME exporter with limited collateral assets.
- A valid contract with a buyer is required to qualify for the program.
This initiative aims to empower SMEs to overcome financial barriers and expand their presence in the international market.
TOGETHER TOWARDS SUSTAINABILITY
TRADE AND DEVELOPMENT BANK