EXPORT SUPPORT PACKAGE

Product Description

 

The aim is to increase export volumes and increase the number of exporter companies by providing support to SMEs operating in exporter or foreign exchange earning sectors and SMEs that are not exporters at present but have export potential.

 

Source for Guarantee

 

Treasury Fund

 

Related Financial Institutions / Corporations

 

Akbank, Albaraka Türk Katılım Bankası, Denizbank, Garanti BBVA, Halk Bankası, ING Bank, İş Bankası, Kuveyt Türk Katılım Bankası, QNB Finansbank, Şekerbank, Türk Ekonomi Bankası, Emlak Katılım Bankası, Türkiye Finans Katılım Bankası, Türkiye İhracat Kredi Bankası, Vakıfbank, Vakıf Katılım Bankası, Yapı ve Kredi Bankası, Ziraat Bankası, Ziraat Katılım Bankası, Türkiye Kalkınma ve Yatırım Bankası

 

Product Maturity

 

Maximum 24 months (including the grace period)

Maximum 6 months grace period (12 months for rediscount credits)

 

Guarantee Cap Rate and Guarantee Rates

 

 

Loan Products Available

 

  • Cash Commercial Loans
  • Non-Cash Commercial Loans* (Letters of guarantee for rediscount loans addressed to Eximbank only)

 

Fee and Commission

 

  • In exchange for the guarantees used, KGF collects, through lenders, 0.35% of the guarantee amount as a one-time upfront commission for each guarantee disbursement. In the case of configuration, 0.35% of the amount of the guarantee balance will be collected from beneficiaries as upfront commission through lenders.
  • In exchange for the loan, the lender may collect from beneficiaries a maximum of 1% of the loan amount as a one-time upfront commission for each loan disbursement. If the loan's maturity is less than one year, the maximum rate is applied proportionally to the quarterly maturities.

 

Special Conditions

 

  • Expenses of over 20,000 TL at a time will be documented by contract or invoice.
  • A maximum of 10% of the guarantee amount for the business loan allocated to the beneficiary could be given as cash for use in business expenses.
  • For those companies with export potential to be determined by KOSGEB to benefit from the guarantee, a commitment must be made to export within the specified period as per the "Communiqué on Taxes, Duties and Charges Exceptions for Export, Transit Trade, Sales and Deliveries considered as Exports and Foreign Exchange Earning Services and Activities".
  • KOSGEB will identify the SMEs with export potential, and only the data to be shared by KOSGEB will be taken as the basis to identify these companies.
  • Application Deadline: 31.12.2022