OJSC MUğanbank offers customers new types of business loans to support small and medium-sized businesses. Providing entrepreneurs with more effective and quick access to financial resources, MUğanbank offers types of business loans “Invois Financing” and “Order Financing”.
Physical and legal entities that carry out entrepreneurial activities in the field of small and medium-sized businesses that implement goods and services under official contracts using the type of incorporation “Invois financing” can pay off their receivables on the basis of the declared invoice and invoices.
The main advantages of the loan are a more profitable interest rate, the minimum requirement for documents, as well as the absence of a collateral requirement. Entrepreneurs can receive from MUğanbank up to 90 percent of the amount specified in the account by providing the relevant documents.
Other features of the loan “Invois financing”:
– funding limit: 30,000 manat – 1,000,000 manat
– Duration: up to 3 months
– Pretch: 2 months
– Annual interest rate: from 11 percent.
In addition, the MUğanbank business clients allow entrepreneurs to speed up their business and expand access to financial resources using the credit of the “Order Financing”.
legal entities and individuals who carry out entrepreneurial activities in Azerbaijan, selling goods and services on the basis of an official agreement with their customers and making payments through a bank account can apply for orders received under the contract, order for the provision of services or order.
Features of the loan “Order Financing”:
– funding limit: 50,000 manat – 1,000,000 manat
– Duration: up to 6 months
– Pretch: 5 months
– Annual interest rate: from 12%.