BLF offers new loan to SMEs

Banque Libano Francais (BLF) launched a new business loan provided to owners of businesses and SMEs that they can utilize to finance plans to acquire or equip their business premises.

This loan offers an interest rate of 4.49 percent and has a mandatory grace period.

It finances up to 80 percent of the cost of the new site purchased, with a maximum seven year reimbursement period. The loan offers financing up to 100 percent for loans used for the renovation of equipments and installations.

BLF ties with a number of local, regional, and international financing institutions to offer financing through a variety of loans to Small and Middle Enterprises (SMEs).