Banca Transilvania Financial Group is launching BT Mic, a company dedicated to financing small businesses. This start-up complements BT’s role in supporting Romanian entrepreneurs, and the segmentation of business customers at Banca Transilvania is now: micro, SMEs, corporate clients and large corporate clients.

Details:

• Through BT Mic, financing is available to entrepreneurs with annual turnover of up to 1 million lei, regardless of industry and legal form: companies, sole traders, family enterprises/associations, sole proprietorships, professionals and individuals conducting economic activity.
• Loans are available to businesses with at least 3 months of activity. They may be used to support and develop day-to-day operations, purchase inventory, pay suppliers, invest in business locations and/or open new ones, purchase vehicles/equipment, etc.
• BT Mic takes an individual, tailored approach, with the aim of understanding each business and agreeing a financing structure that supports sustainable growth. Clients benefit from flexibility on collateral requirements and amounts of up to 120,000 lei.
• Loan maturities of up to 7 years.
• Loans are granted quickly via the BT Mic and Banca Transilvania networks.
• BT Mic is led by Cristina Sindile, Chief Executive Officer, who has relevant microfinance experience.

Statements from Banca Transilvania Financial Group:

Ömer Tetik, Chief Executive Officer, Banca Transilvania: “BT Mic is an initiative from our team that has become a start-up within Banca Transilvania Financial Group, through which we help small businesses grow. BT, as the bank of enterprising people, now has the largest ecosystem supporting SMEs in Romania”.

Cristina Sindile, Chief Executive Officer, BT Mic: “We want to provide very good services to small entrepreneurs, so we are bringing fast, flexible and tailored financing solutions. We have a team with a strong understanding of small businesses, made up of enthusiastic people with an entrepreneurial spirit, just like our clients. We are confident that we will facilitate responsible access to finance for a large number of clients.”

The BT Mic story:

The BT Mic story – the path from idea to launch, impressions from members of the team, and how BT Mic relates to “BT Mare” (Banca Transilvania) – is featured on the BT Blog.