Customers transact at Techcombank. The lender has launched the “Super fl exible capital 12+” product to fund SMEs - Photo: Uyen Vien

Techcombank is offering the “Super flexible capital 12+” product to fund small and medium-sized enterprises (SMEs) with annual revenue under VND100 billion each.

This is part of financial solutions Techcombank has designed for SMEs in the fields of consumer goods, chemical production, fertilizer and services. The enterprises usually need flexible loans with long terms and quick disbursement at the end of the year.

The loans have terms of up to 12 months to help enterprises supplement capital for production, set up business plans and make use of business opportunities thanks to stable capital sources. Besides, customers are able to choose suitable borrowing and disbursement times and payment methods.

Enterprises accessing the product can use certificates of deposit, gold mobilization certificates, promissory notes, bonds and real estate as security for the loans.

Pham Quang Thang, deputy general director of Techcombank, said that SMEs always have a large capital demand with flexible terms. As traditional disbursement following the business cycle of three to six months has met difficulties, Techcombank has launched the product with longer terms and flexible mortgages to assist SMEs.

The Saigon Times Daily