Converse Bank offers "Bridge" short-term SME lending product
Converse Bank offers the “Bridge” product, allowing SMEs operating in different spheres to receive up to 12 months lending for replenishment or short-term liquidity financing. Lending is provided in three currencies – AMD, USD and EURO.
“Bridge” loan is one of the best short-term financing tools for small and medium-sized enterprises, which differs from similar offers in the market, first of all, with flexibility. It allows the customer to plan the revenue and, accordingly, select the repayment period. The shorter it is, the lower the interest rate. In case of full repayment of the sum in the first quarter, the annual interest rate is 10% in AMD, 6% in USD and 5% in Euro.
After lending, the customer may wish to extend the repayment period up to 48 months.
It was also mentioned that at the initial stage of lending no visit to Converse Bank is required. The required consultation will be provided by the Bank employees within the framework of their visit to SME.
Further details are available at https://www.conversebank.am/en/BRIDGELOAN/
