BCR, Romanian Investment and Development Bank expand SME financing partnership

BCR and BID are enhancing their collaboration to support SMEs with new financing options, including revolving loans and euro-denominated loans. The partnership allows for a guarantee ceiling of 710 million lei, facilitating over 1 billion lei in financing. Entrepreneurs can access working capital loans for up to four years, with the option to convert to conventional loans later. Additionally, companies earning in euros can secure euro-denominated financing with stable guarantees. The initiative aims to lower financing costs for SMEs, improving their access to necessary funds.