- The borrower must have run business operations inside Mongolian territory;
- History of running the business in the last 12 months;
- Good credit history and score and other evidence of ability to repay the loan;
- Collateral to satisfy the bank’s requirements;
- In case of a legal entity, the shareholder has not changed since the Government Resolution was issued on February 17, 2021;
- The borrower must register the business as a value-added tax withholder or exempt from value-added tax;
- To meet the requirements set forth in Articles 4.1.1 and 7.1 of the Law on Supporting Small and Medium Enterprises and Services in case of insufficient collateral to obtain a guaranteed loan from the State Property Committee;
- Other requirements from the bank on a case by case basis;
- Other requirements set by the Bank for the implementation of this agreement within the framework of loan operations procedures and instructions.
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