The FINANCIAL -- Bank of Georgia , one of the leading banks in Georgia with total net
profit of 10 million GEL according to the first quarter results of 2011,
has recently started offering new business loans for small and medium
size businesses.
Any company which takes out a loan of up to 500,000 USD will be free of
interest expenses for the first three months. This will provide the
chance for entrepreneurs to more freely manage their finances and to
expand their business with the help of the amount saved.
The loan is available for all juridical individuals who want to purchase
operating and fixed assets/real estate and perform construction work
for their business. Those clients who already have businesses have the
chance to finance their own consumer goals, ongoing business expenses,
as well as pay other financial liabilities or apply for a combination of
any of the aforementioned.
The business loan ranges from 1,000 USD to 500,000 USD. The loan is available in GEL as well as in EUR.
As well as offers on business loans, Bank of Georgia
is offering a new credit product for small and medium size business
owners - automatic overdraft. This includes providing a credit line to
companies according to the turnover at the Bank. Automatic overdraft is
available for individual entrepreneurs and juridical individuals.
The term for the overdraft is up to two months and the amount ranges
from 5,000 GEL to 400,000 GEL. It can be used for financing operating
means and ongoing business expenditures, tax or custom expenses and
payment for other financial liabilities. The loan can be covered at the
end of the term or stage by stage.
Recently Bank of Georgia introduced the new offer SOLO Family to clients of the exclusive personal banking service SOLO.
Clients of SOLO will now have the opportunity to share the benefits with
their family members. SOLO Family will provide the chance to the
families of SOLO clients to get an exclusive banking service and share
those advantages that SOLO clients currently have.
SOLO banking provides a wide spectrum of offers, with exclusive and
privileged services. Since its foundation in 2009 it has been developing
dynamically, with increases in the number of customers and special
offers. SOLO provides its customers with an individual approach, the
service of SOLO bankers, a specially allocated SOLO Flagship Branch and
SOLO corners at Bank of Georgia
branches, the best quality in service, a pleasant and quiet atmosphere
as well as exclusive means for obtaining an American Express Gold Card.