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Overdraft
Maximum amount: EUR 200,000, equivalent in RON; Maximum period: 12 months (with the possibility of renewal)
CE REPREZINTA?
Overdraft is a revolving facility granted in the current account, with multiple withdrawals and repayments during the loan period and within the available ceiling.
The award currency is RON, EUR (for situations where your company has receipts or sales contracts denominated in foreign currency).
CUM SE FOLOSESTE
The service allows you to make payments at any time. Turnover through the current account opened with First Bank decreases the amount used from the facility and thus reduces the amounts owed to the bank for interest. Can be used for supplier payments, purchase of raw materials, stock of goods, or salary payments.
At the same time, you can use it to pay debts to the state budget or to refinance facilities of the same type from other banks.
To remember:
The required limit will not exceed 25% of the company's annual turnover. Also, the total exposure of revolving working capital facilities to all banks (including the required limit) will not exceed 30% of the company's annual turnover.
The loan amount is determined by your needs and repayment capacity. You have ZERO commission for the amount granted and not used in the overdraft.
Prompt Overdraft
Maximum amount: EUR 100,000, equivalent in RON; Maximum period: 12 months (with the possibility of renewal)
CE REPREZINTA?
It is a revolving facility set on the current account that does not require solid guarantees. The award currency is RON, EUR (for situations where your company has receipts or sales contracts denominated in foreign currency).
CUM SE FOLOSESTE
You can use the service for urgent business expenses: supplier payments, purchase of raw materials, purchase of stock of goods, payments of salaries, payments of debts to the state budget or refinancing of the same facilities from other banks.
To remember:
The required limit will not exceed 10% of the company's annual turnover and 50% of the company's total assets calculated at the last annual balance sheet. Also, the total exposure of revolving working capital facilities to all banks (including the required limit) will not exceed 30% of the company's annual turnover.
Turnover through the current account opened at the bank decreases the amount used from the facility, thus reducing the amounts owed to the bank for interest.
Refunds will be made automatically through the account opened with the bank, on which the limit is set.
OPTIMM overdraft
Maximum amount: RON 250,000; Maximum period: 12 months
CE REPREZINTA?
It is a revolving facility granted in the current account. If you want to cover the gap between your company's receipts and payments and you need an amount of up to 250,000 RON for which you do not have material guarantees, the National SME Credit Guarantee Fund (FNGCIMM) helps you to fully guarantee your loan.
CUM SE FOLOSESTE
The maximum limit per product may not exceed 25% of the company's annual turnover. Also, the total exposure of revolving working capital facilities to all banks (including the required limit) will not exceed 30% of the company's annual turnover.
The loan amount is determined by your needs and repayment capacity. You have ZERO commission for the amount granted and not used in the overdraft.
The OPTIMM guarantee, intended to guarantee working capital loans, is a product that addresses dynamic companies, with specific financing needs.
You can find the accepted guarantees here:
Movable mortgage on all current accounts of the client (in RON and in foreign currency) opened with the bank and on their credit balances
The guarantee contract with at least one person, resident in Romania, with a citizen of an EU state or with a legal person registered in Romania, who has the quality of partner / shareholder / administrator of the beneficiary, concluded by the partner (s), as of resident person (including with spouse - if any)
FNGCIMM guarantee letter of maximum 80% (RON 200,000) of the facility value.
If you prefer a non-revolving facility, we recommend the OPTIMM Working Capital, with a maximum grant period of 22 months and a maximum limit of 250,000 LEI.
For more information, download the document here.
Our dedicated staff is at your disposal for any information about our products and services at tel: 021 303 69 69 or 0800 801 802.
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