ING Bank Romania expands its portfolio of digital solutions for its SME customers and launches a credit line that can be accessed 100% online through the ING Business platform. So, the Bank’s customers can obtain up to RON 500,000 (approx. EUR 100,000)Â online, without the need for material guarantees, or supporting financial documents, and without an annual review.
The Useful Credit Line is the second 100% digital financing product offered by ING for its SME customers, after last year’s launch of the term loan with repayment in equal installments, with instant access to money.
“Small businesses often must adapt quickly to market changes and find quick financing solutions to sustain and grow their businesses. In this context, the ING Business service provides them with the necessary tools for their businesses to develop: the Useful Credit Line and the Useful Loan, available anywhere and anytime. The Useful Credit Line is a flexible and convenient option for covering current expenses, such as paying suppliers, taxes, or salaries, but also for dealing with unforeseen expenses. For larger investments, the Useful Loan is a more suitable choice. We aim to significantly expand the range of digital products and services for SMEs, aiming to continuously improve the experience of our customers. Conversations with customers are our source of inspiration for future offerings, and we’re always looking to support the growth of each business,” – Mihaela Otel, Director of Product Development, within the Business Banking Division at ING Bank Romania.
Who can access the Useful Credit Line?
The Useful Credit Line was created for micro-entrepreneurs and small businesses with a turnover of up to RON 9 million (approx. EUR 1.8 million).
For ING customers, the Useful Credit Line can be accessed 100% online, without going to the branch, directly from the ING Business online banking.
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Source: the Bank’s press release dated March 05, 2024
