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Business Loans

If you are looking for an active loan to cover the anticipated and unforeseen operational needs, this service meets your requirements.

Business Credit is a working capital, created to finance the following:

Business Credit is a working capital, created to finance the following:

  • Purchases by inventory, supplies, raw materials, ready-made or semi-finished goods
  • Receivables with maturity for the acquirer,
  • VAT, customs duty, advance payment,
  • Seasonal fluctuation of business needs.

We approve business credit on the basis of the following options: overdraft, letter of credit or bank guarantee – or renewable as an invoice / contract basis.

To finance your activities, you can choose from the following types of loan:

To finance your activities, you can choose from the following types of loan:

  • Overdraft service – authorized overdraft on your current business account. You can cover your expenses from your current account and if your funds are not enough, the overdraft will automatically withdraw. Constant incoming payments cover the amount of overdraft. Therefore, you withdraw the loan as needed and pay interest only for the days when you used the loan.

  • Credit Line and Bank Guarantee Line – are lines of credit covering short-term (up to one year) loans granted to customers to increase their working capital by opening a Bank Guarantee or Letter of Credit to secure financing for imports / exports or other.

  • Invoicing based on invoices / contracts – from the use of this credit product, you obtain external funds which, based on current needs, you can withdraw and pay consistently within the credit limit and the maturity for which it is agreed. Payment instructions and withdrawals depend on your needs. The interest is only paid for the amount withdrawn from the account.

Maturity Term

Maturity Term

  • 12 months

conditions

The Borrower may be a legal entity that carries out its activity in the Republic of Albania

  • minimum three years of commercial activity
  • The following types of business do not benefit this loan:
    • clubs / casinos,
    • fate games / coin automats,
    • insurance agencies / services,
    • political parties,
    • pornographic activities, or similar,
    • trade and production of weapons,
  • the borrower must meet the criteria of Intersavings Bank Albania regarding the creditworthiness,
  • providing the source of credit repayment – proof of the capacity to meet the obligations deriving from the loan, the repayment of the loan together with the interests and commissions within the maturity term and under previously accepted conditions.

Safety

  • All acceptable forms of security for which the bank and the customer have agreed, including the instruments for implementing the creditor’s rights (such as form of promise, notary act)

 

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