Through its Romanian representative office, American-based financial holding Magnus LLC has launched a US$50m loan programme for Romanian companies that conduct foreign trade operations.
The minimum loan value will stand at US$100,000 and there will be no pre-imposed ceiling.
The actual top limit will be calculated for each individual case based on transaction types and the value of guarantees involved.
Financings will cover between 85 and 100 per cent of the guarantees or transaction values. Their maturities will cover the entire duration of the commercial contracts, while the grace period could range between 30 and 360 days.
Interest rates will stands between three and seven per cent per year.
Source: Bucharest Business Week
