Business · Companies · 7 hrs ago
Turkey offers flood-hit small businesses loans of up to 1 million lira
Turkey's Industry and Technology Minister Mehmet Fatih Kacır announced a new loan program for flood-hit businesses in Istanbul and other parts of the country.
Through KOSGEB, small businesses can borrow up to 1 million lira, while micro businesses can borrow up to 500,000 lira.
KOSGEB will cover all interest or profit-share costs, so borrowers pay no financing cost.
Loans run for 24 months, with no payments due for the first six months.
The program is for micro and small businesses affected by floods in Turkey during 2026, whose damage has been assessed by provincial authorities.
Applicants must provide official documents showing the flooding affected them and its effects continue.
Applications close on 31 December 2026.
Turkey has announced loans of up to 1 million lira for small businesses affected by floods.
Micro businesses can borrow up to 500,000 lira through the KOSGEB emergency support program.
The loans have a 24-month term, with no payments due in the first six months.
KOSGEB will cover all interest or profit-share costs.
Applications close on 31 December 2026, and eligible businesses must have documented flood damage.
- Who
- The Ministry of Industry and Technology and KOSGEB are providing support to eligible micro and small businesses.
- What
- Small businesses can borrow up to 1 million lira and micro businesses up to 500,000 lira.
- When
- The program was announced on 3 November 2026. Applications close on 31 December 2026.
- Where
- Businesses affected by floods in Istanbul and other parts of Turkey may qualify.
- Why
- The loans aim to help businesses offset economic losses and continue operating.
This story does not have two clearly opposing sides.
Floods and inundations affected businesses in different regions of Turkey.
The government announced the KOSGEB Emergency Support program.
The application deadline for the support is set.
- Small businesses
- Loans of up to 1 million lira
- Micro businesses
- Loans of up to 500,000 lira
- Loan term
- 24 months, with the first 6 months payment-free
- Financing cost
- KOSGEB covers all interest or profit-share costs
- Application deadline
- 31 December 2026
2 sources
What people are saying
We are implementing the Emergency Support program through KOSGEB to help SMEs affected by floods in Istanbul and our other cities offset their economic losses and continue their activities.
We continue to stand by our SMEs.