Converse Bank: “Converse-Fast Plus” – a new product for small and medium entrepreneurs

Converse Bank has launched the Converse-Fast Plus type of loan, which offers small and medium enterprises financing for the acquisition of fixed assets and replenishment of working capital, for funding current expenses, repayment of accounts payable, which is designed to contribute to development and expansion of the business.

The product is designated for SME entrepreneurs who are not clients of Converse Bank. No real estate collateral is required. Lending is provided based on the movement of bank accounts.

The maximum amount of financing is 25 million AMD, the maximum term is 36 months.

Lending within the framework of “Converse-Fast Plus” will soon be available on the Bank’s online SME financing platform, which will allow beneficiaries to get access to the funds within a short period of time without having to visit the bank.

Online platform for SME financing: https://sme.conversebank.am/

The oversight of the bank is exercised by the Central Bank.