WHAT IS KGF?

KGF acts as a guarantor for SMEs and non-SME enterprises that cannot get a loan due to insufficient collateral. KGF supports SMEs and non-SME enterprises in access to financing.

Product Description


The Ministry of Treasury and Finance has allocated a guarantee limit to Kredi Garanti Fonu. SME and non-SME enterprises will be made available until 31.12.2020.
Export and foreign exchange services to businesses operating in the sector financial support in order to stock the Export Credit Bank of Turkey. It is allocated to be used for securing the loans to be provided by.

 

Source of the Guarantee


Treasury Fund

 

Relevant Organization/Financial Institutions


Export Credit Bank of Turkey (Eximbank)

 

Maturity


The grace period is maximum 12 months, it is used in a bullet payment way.

 

Guarantee Limit and Guarantee Rate



 

 

Special Conditions


The loan will be used for stock financing purposes of beneficiaries who have to move their stocks under current conditions due to order cancellations and reduced demand/ drop in demand Increasing stock amount and financing need will be determined by examining the stock increases of the beneficiaries on the balance sheets of 31.12.2019 and their balance sheets dated 31.03.2020 on the balance sheets. The loan will be made available upon the submission of stock purchase documents between 01.01.2020 and 31.03.2020.

 

 

Fee and Commission


  • KGF collects one-time and in advance 0.3% of the amount of the guarantee for each guarantee for the use of the guarantee in exchange of guarantees. If the term of the guarantee is less than 1 year, comission is applied proportionally to the quarterly maturities In the case of a configuration, a commission is collected from the beneficiaries in advance at 0.5% over the guarantee balance. In the configurations made until 31.12.2020, no commission is charged in case the Treasury guarantee risk does not increase and the maturity of the guarantee risk does not extend more than 6 months.
  • The Bank may charge a maximum of 0.2% of the loan amount, once in advance and as a cash, for each loan disbursement from the beneficiaries. If the term of the loan is less than 1 year, the maximum rate is applied proportionally to the quarterly maturities.
  • In loans to be disbursed under the Treasury-funded KGF guarantee, the Bank cannot charge any additional fee other than the expenses to be paid for procedures to be fulfilled by third parties (appraisal, insurance etc.)

 

 

Application Requirements


General Criteria
  • Beneficiaries are required to be one of the individual proprietorships or legal entity businesses established in accordance with the laws of the Republic of Turkey, operating at home or in Free Zones in Turkey.
  • There should be no decision of bankruptcy, liquidation, suspension of bankruptcy or composition for bankruptcy from the companies in which at least 25% of the shares are owned by the beneficiary or by the beneficiary and/or his/her partners jointly or individually.

 

 

Product Description


The Ministry of Treasury and Finance has allocated a guarantee limit to Kredi Garanti Fonu. SME loans with guarantee support will be made available until 31.12.2020.
It is aimed to provide liquidity to TOBB member enterprises under suitable conditions.

 

Source of the Guarantee


Treasury Fund

 

Relevant Organization/Financial Institutions


Denizbank A.S

 

Maturity


Maturity is maximum 8 months, with a grace period is maximum 8 months.

 

Guarantee Limit and Guarantee Rate



 

 

Fee and Commission


  • KGF collects one-time and in advance 0.75% of the amount of the guarantee for each guarantee for the use of the guarantee in exchange of guarantees. In the case of a configuration, a commission is collected from the beneficiaries in advance at 0.5% over the guarantee balance. In the configurations made until 31.12.2020, no commission is charged in case the Treasury guarantee risk does not increase and the maturity of the guarantee risk does not extend more than 6 months.

  • The Bank may charge a maximum of 0.3% of the loan amount, once in advance and as a cash, for each loan disbursement from the beneficiaries.

  • In loans to be disbursed under the Treasury-funded KGF guarantee, the Bank cannot charge any additional fee other than the expenses to be paid for procedures to be fulfilled by third parties (appraisal, insurance etc.)

 

 

Application Requirements


General Criteria
  • In accordance with the Treasury-backed guarantee legislation, general criteria also apply to this limit.
  • TOBB Member within the scope of TOBB Nefes Loan; Members of the Chamber of Commerce, Members of the Chamber of Industry, Members of the Chamber of Shipping and Members of the Commodity Exchange can benefit. Agricultural Credit Cooperatives, Tradesmen and Craftsmen Credit Guarantee Cooperatives, Foreign Exchange Buffets, Factoring Companies cannot benefit from it even if they are members of the chamber-stock exchange.

 

 

Product Description


The Ministry of Treasury and Finance has allocated a guarantee limit to Kredi Garanti Fonu. Micro SME Loans with guarantee support will be made available until 31.12.2020.
In order to working capital needs of the firms, to reduce the negative economic effects of the epidemic, which in sustain their commercial lives and maintain their current employment levels.

 

Source of the Guarantee


Treasury Fund

 

Relevant Organization/Financial Institutions


Halkbank

 

Maturity


Maturity is maximum 36 months, with a grace period is maximum 6 months.

 

Guarantee Limit and Guarantee Rate



 

 

Special Conditions


The Bank can establish loans exclusively for "Small Enterprise Lifeline Loan" only with KGF guarantee without additional guarantee. In this loan, KGF will not seek any collateral other than the collaterals received or to be received by the Bank, and the shareholder shall be exclusive in the rate of the surety provided to the collateral provided by the Bank.

 

Fee and Commission


  • KGF collects one-time and in advance 0.75% of the amount of the guarantee for each guarantee for the use of the guarantee in exchange of guarantees. In the case of a configuration, a commission is collected from the beneficiaries in advance at 0.5% over the guarantee balance. In the configurations made until 31.12.2020, no commission is charged in case the Treasury guarantee risk does not increase and the maturity of the guarantee risk does not extend more than 6 months.

  • The Bank may charge an annual commission from the beneficiaries only for a maximum of 0.75% of the loan amount for each loan.

  • The Bank cannot demand any fees, fees and commissions under any name other than those mentioned in this heading, and the expenses they will pay for the transactions they will make to third parties (appraisal, insurance, etc.) from the loans they will provide within the scope of the Treasury-supported KGF guarantee.

 

 

Application Requirements


General Criteria
  • Beneficiaries are required to be one of the individual proprietorships or legal entity businesses established in accordance with the laws of the Republic of Turkey, operating at home or in Free Zones in Turkey.

  • There should be no decision of bankruptcy, liquidation, suspension of bankruptcy or composition for bankruptcy from the companies in which at least 25% of the shares are owned by the beneficiary or by the beneficiary and/or his/her partners jointly or individually.


  • The loans to be allocated to beneficiaries under this Protocol is subject to the requirement that there should be no unpaid commission debt from previous periods.

 

 

AS OF 31.03.2024;

ENTERPRISES (#)1442524

ENTERPRISES (#)

COLLATERAL VOLUME (MILLION TL)771000

COLLATERAL VOLUME (MILLION TL)

LOAN VOLUME (MILLION TL)919100

LOAN VOLUME (MILLION TL)