BOB launches industrial loans

Bank of Beirut is offering new loans for industrialists. The initiative, launched in collaboration with the Ministry of Industry, aims to provide industrialists with the funding required to develop businesses or establish new enterprises.

The loans range between $25,000 and $250,000. They have a ten-year reimbursement period and a six-month grace period. The interest rate is set at 4.25 percent. No interest is collected during the first year.