Fast Bank Stands by SMEs with Its Attractive Offers

Fast Bank recently participated in the conference titled “Financing Opportunities and Prospects for the SME Sector”. The event was organized by the Union of Banks of Armenia, in cooperation with the Central Bank of Armenia and the German-Armenian Fund (GAF). It brought together financial institutions, government bodies, and entrepreneurs under one roof to discuss effective tools for lending to micro, small, and medium-sized enterprises (MSMEs) and explore future development paths.

 

At Fast Bank, the development of small and medium-sized enterprises is considered a cornerstone of the country’s stable economic growth. That’s why the bank has developed a unique lending system tailored for entrepreneurs — the Temp Business Loan.

 

To apply for the Temp Business Loan, the customer simply provides their email address and receives a questionnaire tailored to their business, which they can complete at any time, from any location. Bank specialists review the application within two business days and reach out to the applicant. This innovative approach makes the loan process fast, simple, and accessible.

 

Fast Bank offers the Temp Business Loan at a 13.4% nominal interest rate, with a term of 1 to 5 years, and no collateral required.

 

Head of SME Lending and Product Development Team, Garik Varosyan, emphasized:
“One of Fast Bank’s strategic priorities is supporting small and medium-sized businesses. The questionnaire filled out by the entrepreneur mostly focuses not on financial indicators but on the nature of the business, management approaches, the uniqueness of the product or service, market positioning, and similar aspects.”

 

Fast Bank is a company striving to become a digital bank, operating 24/7 in all regions of Armenia, and also offering its own mobile banking app.

 

Fast Bank is regulated by the Central Bank of Armenia.