UniCredit Bank in Romania supports micro-entrepreneurs who have a maximum turnover of EUR 1 million by offering them the EaSI guaranteed lending product – financing from the European Investment Fund (EIF).
“As an EIF partner, we can offer Romanian businesses easy access to financing through the guarantee instruments of this fund. We thus maintain our commitment to support SMEs, and local businesses and come up with financing solutions adapted to their needs, simply and without much hassle,” – said Antoaneta Curteanu, Head of Retail Banking at UniCredit Bank Romania.
EaSI guarantee financing is intended for micro-entrepreneurs who want to access the loan, but do not meet the standard lending conditions. The loan with the EaSI guarantee is simple and easy to access, without down payment and material guarantees, and lower than standard interest rates. The loan can be requested by Romanian micro-entrepreneurs, even startups, which have less than ten employees. The EIF guarantee covers 80% of the loan value, with the difference of 20% being supported by UniCredit Bank without requesting material guarantees. The loan with the EaSI guarantee is granted in RON for the financing of working capital and current activity, for a maximum three-year term.
Such financing gives micro-entrepreneurs a chance to develop sustainably, create new jobs or launch new products and services. UniCredit Bank branches in Romania are ready to take on the requests of small businesses and respond to their needs in the shortest possible time. UniCredit Bank customers who access the EaSI guarantee loan enjoy flexibility by establishing a repayment plan, adapted to the specifics of their activity.
Source: the Bank`s press release dated July 25, 2023
