TBC Uzbekistan has launched a secured lending product for small and medium-sized enterprises in Uzbekistan, expanding its digital business banking service, TBC Business.

The new offer gives SMEs access to secured loans of up to 12 billion Uzbek Soum, or about USD $1 million. It is aimed at businesses seeking larger amounts of finance than those available through the group's unsecured lending products.

Working capital loans are available for up to 36 months. Financing for investment products is available for up to 120 months, and borrowers can receive a grace period of up to 12 months under the lender's terms.

The launch adds to a business banking platform that has expanded since it began as a web-based service in late 2024. TBC Business has since introduced a dedicated mobile app and raised the ceiling for unsecured lending from 300 million Uzbek Soum, roughly USD $25,000, to 600 million Uzbek Soum, or around USD $50,000.

More than 30,000 SMEs have registered with TBC Business since the platform was introduced. The service is positioned as a fully digital option for business banking in Uzbekistan.

Nika Kurdiani, Chief Executive Officer, TBC Uzbekistan, said: "As businesses grow, entrepreneurs need access to larger loans to help them scale their business and fund longer-term projects, such as expanding production or purchasing equipment and commercial real estate. This new product was built to meet exactly that demand, giving businesses access to the financing needed to reach these larger-scale goals, all while keeping the same simple, fully digital customer journey that defines our products.

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