TECHNOLOGY SUPPORT PACKAGE

Product Description

This package is aimed at financing investment and investment-related operating expenses of enterprises: that operate in technology development zones or specialized technology development zones pursuant to Law No. 4691; that operate in Technology Development Centers that have been given the right to use the name TEKMER by KOSGEB; that have obtained a Design Center Certificate and/or R&D Center Certificate from the Ministry of Industry in accordance with Law No. 5746; or that have obtained a Patent or Technological Product Experience Certificate (TUR).

Resource for Guarantee

Treasury Fund

Related Financial Institutions / Corporations

Emlak Katılım Bankası, Garanti Bankası, Halkbank, İş Bankası, Kuveyt Türk Katılım Bankası,  Vakıfbank ,Vakıf Katılım Bankası,Yapı Kredi Bankası, Ziraat Bankası,Ziraat Katılım Bankası

 Product Maturity

Investment Loan -Maximum 48 months maturity (including the grace period)-Maximum 12 months grace period

Working Capital Loan - -Maximum 36 months maturity (including the grace period)-Maximum 6 months grace period

Guarantee Cap Rate and Guarantee Rates

 

Loan Products Available

  1. Business Credit Cards
    1. New Credit Card allocation
    2. Working capital loans that are to be disbursed to create a positive balance after making payments (including the following months) to a new Credit Card or existing Credit Cards that have no risk balance (Installment Loan, Spot Loan, Usury, etc.).
  2. Connected to a Debit/Bank Card;
    1. Overdraft Account (even if the beneficiary already has an account, a new overdraft account specific to this program must be opened)
    2. Installment Loan, Spot Loan, Usury, etc
  3. Working Capital Loan / Usury (*)
    1. Installment Loan
    2. Spot Loan
    3. Revolving Loan
    4. Cashless Overdraft Account products
    5. Other approaches suitable for Participation Banking
  4. Investment Loan (**)
    1. Installment Loan
    2. Other approaches suitable for Participation Banking including Finance Lease

(*)Participation Banks may disburse loans through appropriate methods for participation banking, regardless of Debit/Business Card

**This support package allows debtors who use investment loans under this package to access additional working capital loans not exceeding 10% of the respective investment loan, provided that the working capital loan is disbursed by the same creditor.

Fee and Commission Rates

  • The KGF shall collect, in return for each guarantee it gives, a one-time commission corresponding to 0.5% of the respective guarantee amount from the beneficiaries through the lenders. In the event of debt restructuring, a commission amounting to 0.5% of the balance amount of the guarantee shall be collected in advance from the beneficiaries through creditors.
  • In retun for each loan disbursed, creditors may collect a commission amounting to a maximum of 1% of the loan amount from the beneficiaries.

Special Conditions

  • Beneficiaries are required to commit to not reducing the number of employees for a period of two years from the date of loan disbursement.
  • Credit cards will be restricted for cash advances.
  • For beneficiaries other than those holding a patent or Technological Product Experience (TUR) certificate, the credit to be used under this Protocol will be allocated for investments, provided that they operate in: the production/design/development of software, or mobile/desktop digital games; the development of software and technology related to the financial sector, artificial intelligence, big data, cyber security and blockchain; the development of software and services for smart cities and the green transformation; the development of services related to telecommunications, 5G, cloud and other communication types; the production/design or development of data centers, IT services, augmented/virtual reality software and hardware; the development of metaverse infrastructure, or the production/design and development of software and hardware for wearable technologies; and the development of NFT (non-changeable token) infrastructures.
  • The amount of an investment loan cannot exceed 70% of the total amount of the investment to be made by the beneficiary.
  • The amount of an investment loan to be used under this package cannot exceed 70% of the total amount of the investment planned or committed to by the enterprise.
  • Beneficiaries may receive, for use as operating expenses, a cash amount of not more than 10% of the working capital loan allocated to them. (A working capital loan can only be disbursed by the creditor that disbursed the investment loan.)