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Seasonal Loan
 
Business loan is a source of funding for a small business that usually receives its proceeds seasonally. Seasonal loans are designed for further development of already existing businesses as well as for financing a startup.

Loan Purpose:

Repairs

Purchasing fixed assets

Purchasing real estate

Loan Maturity:

up to 120 months

Loan Currency:

GEL

USD

Loan Volume:

Minimum USD 3000 or its equivalent in GEL

Maximum -  USD 200 000 or its equivalent in GEL

 

Collateral for a loan:

Real Estate

Loan repayment conditions:
 Loan repayment terms and conditions are adjusted to seasonal work  to the maximum rate possible , you are entitled to have a six month grace period per year.  During a grace period you will pay accrued interest only, whereas you have to repay principal along with the accrued interest upon it during minimum three month period of time chosen by you.

Documents required for a seasonal loan:

Loan Application – in both cases: for further development of already existing businesses as well as for financing a startup.

To get approved for a seasonal loan, upon request you have to present documents to prove your income

 
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