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The SME (Small and Medium Enterprise) Commercial Finance Fund is managed and operated by Crimson Capital Corporation (USA). Crimson Capital through the SME Fund lends directly to Macedonian companies. The objectives of the SME Fund are to provide trade finance products and services that are currently not available in the Macedonian financial sector, to increase trade, export and revenues of SMEs, to generate new employment, to enhance the opportunities for women and minority-owned businesses and to create the local capacity for trade finance lending.
The purpose of all SME Fund loans is to provide financing for the purchase of raw materials, packaging, taxes, marketing and other costs for the production and delivery of manufactured goods to both the domestic and foreign markets. The SME Fund also finances the following costs associated with the production and manufacture of goods: purchase of finished goods by a trading company, payment for subcontractors and assemblies, payment of project-designated labor, payroll and other taxes, purchase or preparation of packaging and graphics, testing, inspection and shipping costs, and insurance, customs duties and other export-related fees. The SME Fund provides short-term working capital financing through the use of innovative trade finance products, such as Purchase Order Financing, Pre-Export Financing, Factoring and other asset-based lending products to SMEs. The SME Fund is capitalized with a US $1.5 million loan fund. The SME Fund lends to companies in the following industry sectors: • Food processing • Textiles and apparel • Leather products • Metal processing • Construction and building materials • Wood processing, logging and sawmills • Light manufacturing and electronics • Trade and services |
