Investments/Fixed assets

Target group: Independent SMEs* (with less than 250 employees on an indeterminate period)

Purpose (included costs):

• Tangible assets (excluding purchasing of land, unless it is technically inevitable for implementing the project)
• Intangible assets (for example, costs for research and development)
• Short-term working capital

Loan amount: 10.000 EUR - 3.500.000 EUR (project amount should not exceed 25 million EUR)

Tenor: 2-8 years (including 24 months grace period)

Terms of repayment: Equal monthly installments

Interest rate: 5,5%

Administration fee: up to 1,5%

Collateral: Combination of the following instruments:

• promissory note in form of a notary act;  
• physical entities guarantors;  
• mortgage  on real estate, pledge on movables and rights, other collateral acceptable to the Bank

Excluded sectors:

• Manufacturing of weapon and amunition and similar products;
• Equipment for lottery and casino games and similar equipment;
• Manufacturing, processing and distribution of tobacco;
• Activities including life animals for experimental and scientific objectives;
• Activities encouraging negative effects on the environment;
• Sectors which are controversal on ethical and moral basis or which are forbidden by the national law;
• Development of activities with real estate;
• Only financial activities. For example, trading with financial instruments;

*SMEs are considered to be independent if:

• Less than 25% of the equity belongs to another company;
• 25% or more of the equity belongs to another company, but the group employs less than 250 people;
• 25% or more of the equity belongs to state body (usually municipality) and the same has annual budget less than 10 million EUR and less than 5000 residents;
• Up to 50% of the equity belongs to companies or institutions which aim is to promote SMEs (such as angel investors, universities or non-profit centres for research, institutional investors etc.)