Does my company have to be in a specific field of activity to obtain a loan through BT Mic?
We finance various businesses from trade, transport, services, private education, to economic activities in creative fields. 😊 And we also finance activities ...
How does factoring work?
1. Contract conclusionYou choose the appropriate type of factoring (domestic, export, import, with/without recourse).We establish together the financing limit and conditions ...
How can a line of credit help me?
A line of credit can help you out when you need extra money for your business, maybe for:➤⠀paying salaries;➤⠀paying ...
If we don't have a company, we are PFA (two entities), could we take a BT Mic loan?
At BT Mic, we can finance any form of legal organization, including PFA entities. 😉 We take into account the income you have earned regardless of the type ...
What does "foreign exchange risk coverage" mean?
A legal entity is naturally covered against currency risk if the level of monthly income in the currency of the loan (or indexed to the currency of the loan) ...
Where do I submit the funding application, where I have the registered office or where I conduct my business?
If the registered office is in a different locality than the one where the company's activity takes place, you will have to submit the financing application in the locality where ...
In how much time do I receive in the current account the amounts collected in the collector account?
On the same day that the Factor receives the payment for the invoices from the Debtor, provided that we have all the necessary information to be able to allocate ...
What does "personal guarantee for a loan" mean?
Personal guarantee for a loan is the commitment that a person other than the one taking the loan assumes towards the creditor to perform ...
I have a business credit card SME at BT. Why is my limit automatically changed?
We created credit cards for SMEs to automatically adapt to the level of your business. 😊Thus, the credit limit changes automatically, at 3 ...
Can I refinance my company's current loans from another bank through BT?
Yes! It is possible if their guarantees become accessory to:➤⠀the analyzed credit; ➤⠀or to another BT credit.
If I have a school, kindergarten, or an educational center, can I apply for a BT Mic loan?
Yes, you can, regardless of whether you have an association, foundation, educational institution, or a LLC. What matters is that you carry out your activity in the field of education of ...
What is the period for which a bank guarantee letter can be issued?
There is no maximum term for issuing a bank guarantee letter. 📄