About Micro Loans
A small loan that can be easily obtained and issued to an enterprise that does not employ more than 10 employees, with the possibility to apply for a loan before the establishment of an enterprise.
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The maximum amount of the loan is EUR 14,300 for investments and up to EUR 7,200 for current assets.
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The loan has a fixed annual interest rate of 5% to 8%.
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The loan repayment period is 5 years.
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To guarantee the loan the business owner has to invest at least 10% in projects whose total amount exceeds EUR 7,200.
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A private guarantee provided by the business owner, is necessary to receive a loan.
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Collateral value must be from the 74% of the loan amount.
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It is possible to receive several loans within the framework of the programme, but not more than one loan during one calendar year.
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The aim of micro loans is to start or develop small businesses for micro entrepreneurs and business start-ups.
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Aid is provided as de minimis aid in line with the Commission Regulation (EU) No. 1407/2013 of 18 December 2013 and the Commission Regulation (EU) No. 1408/2013 of 18 December 2013.
Contact us for more information
ALTUM branches
Loan To Start A Business
For future entrepreneurs and newly established enterprises
Loans for Business Angels Co-financed Projects
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Seed and Start-Up Venture Capital Programme
For innovative business start-ups with high growth potential
Accelerator Funds Programme
For business start-up teams
Social Entrepreneurship Programme
For social entrepreneurship start-ups, social enterprises