Qredits raised credit limit

Friday 4 October 2013

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Qredits raised credit limit

Qredits attracts two new loans worth an additional €60 Mio, €30 Mio provided through insurer and €30 mio supplied by the Ministry of Economic Affairs. As a result Qredits is able to provide an increased credit volume of €150.000.

The loans are part of the stimulus package of the Ministry for Economic Affairs in cooperation with insurer and pension funds. This allows Qredits to put a new financing product on the market. In addition, banks will provide a new loan worth €15.5 Mio for new micro credits.

Qredits will introduce the new financing product under the name of SME credit. These entail business loans between €50.000 and €150.000. Both, new and  exciting entrepreneurs, who did not apply for a loan from a bank, can apply for the SME credit.

It is expected, that applications for the loans can be turned in after the 1. November.

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