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About the Business Start-Up Programme

Business Start-Ups

A loan at favourable conditions for business start-ups or enterprises established within a period of the past 3 years.

  • A loan for investment and current assets from EUR 2,000 up to EUR 150,000 in total amount — for the implementation of viable business projects.

  • Collateral requirements - for loans up to EUR 25,000 the amount of colleteral is not defined (purchasable object serves as a pledge), for loans over EUR 25,000 collateral value must be from the 74% of the loan amount.

     

  • If the sum of the loan exceeds EUR 7,000, a merchant shall ensure a co-financing (own financial resources or other financing not related to state aid) for the implementation of a business project in the amount of at least 10% from the project sum provided for in the business plan.

  • Loan term — up to 8 years.

  • The fixed interest rate of the loan is within the range of 3% up to 6% per year + the price of the Treasury resources.

  • Loan collateral is the merchant's property as a set of case, including the purchased fixed assets.  A movable and immovable property, the company owner (-s) private guarantee may serve as in addition collateral.

  • A programme participant shall provide a private guarantee for the receipt of a loan — either in the amount of 30% or 100% from the sum of the granted loan, depending on the value of the collateral (a private guarantee is not required if the value of the collateral against the loan is from 74%).

  • The objective of the business start-up programme is to promote the involvement of the population in commercial activities and to increase the ability of merchants to receive financing in the form of a loan to start a commercial activity.

  • Financial aid is provided as de minimis aid in accordance with Commission Regulation (EU) No. 1407/2013 of 18 December 2013.