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About SME Growth Loans

Loan for investment and working capital with reduced requirements for collateral and an option to receive interest rate subsidies or guarantee for a  loan.

  • Loans for investments and working capital to the amount of EUR 3,850,000 per entrepreneur. 

  • The maximum amount of an investment loan is EUR 2,850,000 and not more than 90% of the total project costs. 

  • The maximum amount of working capital is EUR 1,000,000 or EUR 285,000 for fishing and aquaculture projects.

  • Maturity of  investment loan is from 2 to 15 years (with an option of grace period up to 2 years, if the project is related to long-term implementation. Maturity of the investment loan cannot exceed the length of useful life of the assets).

  • Maturity for working capital loan is from 2 to 5 years.

  • Flexible loan interest rate from 3% + 6 months EURIBOR.

  • The share of an entrepreneur in an investment project has to be at least 10% of the total project costs (co-financing can be less than 10% in cases when the loan to value (LTV) coefficient  does not exceed 75% and shareholders provide personal guarantee).

  • Collateral is necessary to receive a loan. A personal guarantee of business owner(-s) holding at least 10% of shares is also necessary. 

  • Interest rate subsidies – 50% for repayments of the loan for the first five years – for investment loans in non-agriculture projects (available for entrepreneurs registered for not more than 5 years).

  • The aim of the loan is to finance the development of enterprises and cooperative enterprises providing agricultural services in cases when financing by a credit institution is not possible due to high risk factors. 

  • Aid is provided as de minimis aid in line with the Commission Regulation (EU) No. 1407/2013 of 18 December 2013 and Commission Regulation (EU) No. 717/2013 of 27 June 2014. For those operating in the fishing and aquaculture industry, the investment loan is issued in line with Commission Regulation (EU) No. 1388/2014 of 16 December 2014.