The FINANCIAL — Bank of Georgia, one of the leading banks in Georgia with total net profit of 10 million GEL according to the first quarter results of 2011, has recently started offering new business loans for small and medium size businesses.
Any company which takes out a loan of up to 500,000 USD will be free of interest expenses for the first three months. This will provide the chance for entrepreneurs to more freely manage their finances and to expand their business with the help of the amount saved.
The loan is available for all juridical individuals who want to purchase operating and fixed assets/real estate and perform construction work for their business. Those clients who already have businesses have the chance to finance their own consumer goals, ongoing business expenses, as well as pay other financial liabilities or apply for a combination of any of the aforementioned.
The business loan ranges from 1,000 USD to 500,000 USD. The loan is available in GEL as well as in EUR.
As well as offers on business loans, Bank of Georgia is offering a new credit product for small and medium size business owners – automatic overdraft. This includes providing a credit line to companies according to the turnover at the Bank. Automatic overdraft is available for individual entrepreneurs and juridical individuals.
The term for the overdraft is up to two months and the amount ranges from 5,000 GEL to 400,000 GEL. It can be used for financing operating means and ongoing business expenditures, tax or custom expenses and payment for other financial liabilities. The loan can be covered at the end of the term or stage by stage.
Recently Bank of Georgia introduced the new offer SOLO Family to clients of the exclusive personal banking service SOLO.
Clients of SOLO will now have the opportunity to share the benefits with their family members. SOLO Family will provide the chance to the families of SOLO clients to get an exclusive banking service and share those advantages that SOLO clients currently have.
SOLO banking provides a wide spectrum of offers, with exclusive and privileged services. Since its foundation in 2009 it has been developing dynamically, with increases in the number of customers and special offers. SOLO provides its customers with an individual approach, the service of SOLO bankers, a specially allocated SOLO Flagship Branch and SOLO corners at Bank of Georgia branches, the best quality in service, a pleasant and quiet atmosphere as well as exclusive means for obtaining an American Express Gold Card.
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