For what purposes can the Kafalat Basic guaranteed loan be used?
The Kafalat Basic guaranteed loan could be used for all business related expenditures such as:
• Purchase of machinery and equipment. (These can be new or used)
• Purchase of raw materials and spare parts;
• Construction costs. (However, the loan should not be exclusively used to cover
construction costs.)
• Working capital
The expenses have to be relevant to the business activity that is the subject of the loan and the expenditures have to occur after the approval of the loan guarantee.
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