|Finance Support with KGF Guaranty|
- CGF, which supports promising, young, creative entrepreneurs as well as SMEs, eliminates the problem of a lack of guarantee for promising business ideas.
- CGF guarantees all kinds of credits for the needs of new enterprises; there is no limitation on the types of credit available.
- CGF, working in accordance with principles of risk-sharing, guarantees 80% of the risk.
alBaraka is eager to finance and support young, confident, and hard-working entrepreneurs.
Credit Guarantee Fund Avalization under Treasury Support
- The Treasury Support that Credit Guarantee Fund receives is the avalization from the Undersecretariat Treasury of the Republic of Turkey.
- Small and medium-sized enterprises (SMEs), agricultural businesses, farmers, cooperatives, tradesmen and craftsmen can all benefit with Credit Guarantee Fund Avalization under Treasury Support.
- CGF under Treasury Support guarantees 65% of credits up to 1 million Turkish lira of the funds and profit shares utilized for each business and 1.5 million Turkish lira for risks within a group.
- Avalization is available for all cash and non-cash credit types regarding the working capital and investment needs of your business, with maturities between 6 and 48 months; with the exception of retail banking credits.
- There are no limits on the type of credit that is to be used.
- It can be any one of the credits, including Corporate Finance Support (business credit), Financial Leasing, as well as Letter of Credit or Letter of Guarantee.
- You can utilize more credit
- With long-term maturities, repayment is easier.
- With costs kept at a minimum, you start saving the minute you utilize the funds.