iTV.ge | All for business – TBC offers various financial supports and simple procedures

TBC has everything your business needs, no matter what stage of development your company is in. Today I will introduce you to the various loan products TBC offers to SMEs and startups.

TBC has a variety of business loan options in its arsenal. Support working capital, expansion and a variety of business needs.

“It is enough to see an idea” – For situations where an innovative idea requires financial resources to transform it into a profitable business, TBC provides entrepreneurial loans, which are issued to start-ups without the need for property guarantees, participation and experience.

The main criterion for obtaining a loan is the idea. TBC began financing innovative entrepreneurial ideas a year ago, and 18 startups have received financing under the program, with a total of 2.5 million GEL. TBC is the first company to start financing Georgia startups.

All the products necessary for businesses have been implemented in TBC – business/agricultural loans, lines of credit, business installments, business overdrafts, bank guarantees, letters of credit, state-subsidized loans, as well as these products – Georgian production and preferential agricultural credit.

Business/agricultural loans can be issued for any business purpose as well as for consumer or mortgage purposes.

What requirements must a business meet to get a loan?

During the loan approval process, we first focus on the stability and development of the business. We evaluate the risk of the project and we always try our best to advise our clients and share which sector and how much investment amount is best for his business.

Simplifying the business loan process

TBC has introduced a simplified business loan process. Instead of visiting the bank in person, customers can apply for loans through remote services. In this case, all necessary confirmations and signatures are done remotely.

At the same time, TBC has also launched a video visit process for businesses. While in the case of standard lending, an expert must be present to inspect the item and conduct a financial analysis, the video visit process involves viewing the item via a video call, which requires less time and resources, simplifying the process of obtaining a loan.

Another innovation that simplifies processes involves contract signing (electronic signatures) with Signify. For example, if a business has a Signify device, it can confirm a mortgage contract with an electronic signature without leaving home.

In order to simplify the lives of users, TBC has introduced some processes, such as unsecured loans up to 250,000 GEL, one-day loans up to 200,000 GEL, etc.

TBC is actively working to create opportunities to leverage pre-approved limits in digital channels and will soon make these available to businesses. In short, TBC is committed to providing comprehensive banking solutions tailored to the unique needs of businesses.