● The 10,000 businesses employ over 20,000 people across 2,000 towns and cities ●

BT Mic, a Banca Transilvania company dedicated to financing small businesses, now has 10,000 clients across all sectors. BT Mic is a start-up within the BT Financial Group, complementing the bank’s role in supporting entrepreneurs.

BT Mic in numbers:

• Of the entrepreneurs financed to date, over 2,000 businesses were just starting out when they turned to BT Mic, with less than 12 months in operation.
• For 60% of clients, BT Mic is their first lender.
• The average loan per client is 50,000 lei.
• These 10,000 firms are mostly small, family-run businesses and employ over 20,000 people in around 2,000 towns and cities.
• More than 30% of the businesses are women-led.
• Loan purposes are very diverse: from supporting and growing day-to-day operations, purchasing inventory and paying suppliers, to investments in places of business and/or opening new ones, and buying vehicles, machinery and equipment. 
• BT Mic started with a team of 10 people and has since grown tenfold.

"Our vision was to develop lending for small businesses in ways mainstream banks typically don’t. In Romania, microfinance is not new, but we would all benefit if it scaled up and became an impactful solution for young companies. What do we want for the future? First and foremost, for these businesses to do well for their founders—to grow, to learn, and to pass their energy on into the Romanian economy. And for Banca Transilvania, we want to keep seeing passion for business and for people; they are our source of inspiration both at the big bank and at BT Mic." - Tiberiu Moisă, Deputy CEO, MidCorporate & SME, Banca Transilvania.

"After two and a half years of BT Mic, we have brought together over 10,000 small businesses that chose us as a partner, and we thank them for that. We’ve learned a lot from each other. With each of them, we talk about their business and their plans for the future, and together we build the most suitable financing solution. We place great value on dialogue and want to remain long-term partners. This is who we are and what entrepreneurs value most about us. And that commits us to do more and do better."  - Cristina Sindile, CEO, BT Mic.

BT Mic serves companies with annual turnover of up to 1 million lei, regardless of industry and legal form — commercial companies, authorised sole traders (PFA), family enterprises, individual enterprises, liberal professions, self-employed persons and agricultural producers. They must have at least 3 months of operating history.

The main benefits BT Mic offers entrepreneurs are: a personalised approach; no down payment; the possibility to repay over a period of up to 7 years; and, above all, a response within a maximum of 4 business days.

As of today, BT Mic has a new website, where you can apply online for a loan. You can also find client stories and other useful information online for those just starting out in entrepreneurship.