TOBB Breathing Credit Offers New Opportunities for Businesses

Union of Chambers and Commodity Exchanges of Turkey (TOBB) has decided to expand the Breath Credit application it launched to minimize the difficulties faced by SMEs in accessing finance. In this period, where many economic uncertainties are experienced worldwide, the intense demand from the business world has led TOBB to double its credit volume from 25 billion TL to 50 billion TL.

Small and medium-sized enterprises (SMEs) draw attention as the backbone of the economy. TOBB's Breath Credit offers a significant opportunity for these businesses to access finance under favorable conditions. An important advantage is provided by not having to make payments during the first 6 months, which will ease the cash flow of SMEs. This situation will help businesses cope with their financial obligations.

The Breath Credit is implemented through collaboration with the Credit Guarantee Fund (KGF) and banks. According to the regulation, certain support will be provided for sectors that are particularly in a difficult economic situation. SMEs will have the chance to invest, grow their businesses, and improve their regular financial processes by benefiting from this credit opportunity.

To benefit from this support, SMEs only need to meet the necessary conditions. Furthermore, it is aimed that businesses benefiting from the Breath Credit will improve their financial situation and achieve sustainable growth. Among the points businesses should pay attention to when preparing their credit applications are submitting accurate information and documents. It is crucial to maintain communication with banks to receive support and guidance during this process.

It is clear that the opportunities provided by this credit are a significant chance for all SMEs. It is believed that improving the economic environment will be possible through supporting SMEs. TOBB's initiative aims to contribute to Turkey's economic dynamics and establish a more robust structure in the business world.