Converse Bank has revised the terms of Converse Blitz loan and has set AMD 50 million or equivalent USD and EUR as the upper SME financing threshold.  The maximum loan maturity is 60 months.

The bank said in a news release that small and medium businesses of various industries can apply for the loan if they have obtained state registration at least 3 months before.

The financing is provided for replenishment of current assets, acquisition of fixed assets and repayment of accounts payable without making the financial analysis, due to which the lending period is reduced.

The processing fee is not needed either.

For further details click here, or call 011-511-211.

The bank is regulated by the CBA.