Up to 35% cashback and new loan opportunities for SMEs from Converse Bank

Converse Bank has introduced a new loan product within the framework of the EU4Business SME Competitiveness and Inclusion Programme in Eastern Partnership to support small and medium businesses operating in Armenia.

The offer is available to legal entities registered and operating in the Republic of Armenia, individual entrepreneurs, and physical persons engaged in agriculture.

Programme benefits:

• Loan financing up to AMD 1.3 billion
• Repayment term up to 84 months
• Financial incentive: cashback

Financing purposes:

• Acquisition of fixed assets, agricultural machinery and equipment, vehicles;
• Financing of companies in the service sector whose business activities allow for export.
• Construction works (excluding multi-apartment buildings)

Particularly encouraged is the acquisition of EU-certified equipment, ensuring high efficiency, environmental standards, and increased business competitiveness.

This programme combines business development and the introduction of green technologies, supporting the sustainable development agenda in Armenia.