The Start-ups participated in the “Start-up support program” of SME development national center of Armenia may also receive seed financing such as loan guarantees.
Start-up Businesses Support Program the financial support (loans) is provided to start-up entrepreneurs (through the partner banks of the SME Development National Center of Armenia) for realization of best business initiatives (business plans) as a final result of start-up business establishment.
The business plans received the highest estimation are to be submitted to lending with the SME Development National Center of Armenia’s 100% guarantee of credit liabilities, up to five mln. AMD, 10% annual interest rate, up to five years of maturity date.
Note: The annual interest rates for the loans provided by the SME DNC of Armenia partner banks through Loan Guarantees Provision program are lower than those practiced in the market.