Altum-Services-Enterprises-Loans with capital discount-Conditions for general economic projects

Conditions for general economic projects

Back

LIIA selects the projects for investments and decides on approval and further processing of applications. Only those investment projects that have received approval from LIIA can qualify for a loan witha capital rebate.

The capital rebate is the full or partial reduction of the principal amount of ALTUM’s loan.The maximum amount of the capital rebatefor the project is determined immediately at the granting of the loan, whereas the actual amount of capital rebate depends on the project’s performance during the post-monitoring stage.

A loan may be granted if:

The company corresponds to the status ofmedium-sized and large enterprise
The project fallswithinthe branches to be supported
The planned investment of the project is at least EUR 10 million
Implementation of the project has not been commenced prior to submission of the application to Altum and inspection is carried out by Altum at the project’s implementation site
The planned project envisages investments in starting or expansion of production/provision of services

Conditions

Up to 30% of the eligible costs of the investment pro-ject (costs oftangible and intangible - assets, such as equipment).Amount of aid may be reduced in view of the regional intensities available to the pro-ject

Maturity - up to 20 years*

* loan of up to EUR 10 million, subject to eligible aid intensity

The project may be carried out with or without the involvement of another financier. However, if it is not possible to fully finance the investment project by own resources and a capital rebate loan from Altum:

contact another financier (such as your bank) about the possibility of co-financing the investment project! Altum’s loan is structurally subordinated to a loan from another financier and secured by a lower class of collateral.The rate of the loanequals that of another financier’s rate.Altum’s loan does not exceed the loan amount of another financier (the other financier’sloan must be in EUR).