MBC Business Loan is aimed at small entrepreneurs who need working capital or funds to expand. The microbank offers two formats: a secured business loan from 2,000 to 300,000 GEL and an unsecured business loan from 500 to 20,000 GEL.
The maximum term reaches 120 months and the effective interest rate starts from 19.9%, with the final rate set individually at the time of borrowing based on the applicant’s profile.
What's good
- Both secured and unsecured options for different collateral situations
- Long terms up to 120 months
- Repayment tailored to business cash flow
Trade-offs
- Effective rates start near 20%
- Final rate only confirmed at borrowing
