To help businesses face the health crisis and its economic consequences, the Tunisian Professional Association of Banks and Financial Institutions (APTBEF) this week launched a short-term support loan program to finance new business needs.
This short-term support loan program is at an interest rate not exceeding the money market rate +2 points (TMM + 2, while the rate can sometimes go up to TMM + 5).
Only companies whose workforce does not exceed 200 employees are eligible for 2021 support loans. A maximum interest rate of TMM +2 will be applied to new short-term loans, excluding overdrafts, for a maximum period of a year.
This program follows President Kaïs Saïed’s call to players in the banking sector to contribute to the national effort to support businesses in these difficult economic times. He spoke to the APTBEF in late August.
This loan program is in addition to the other business assistance measures put in place since the start of the crisis (postponement of loans for a total amount of nearly TND 5 billion, granting of loans for a total of TND 4.2 billion. TND, circumstantial social assistance financed by the World Bank)
Source French Embassy in Tunisia