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About SME Growth Loans

Rural Enterprises

Loans for investments and working capital for agricultural enterprises with reduced requirements for collateral.

  • Loans for investments and working capital to the amount of EUR 3,135,000 per entrepreneur.

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

  • The maximum amount of loan for working capital is EUR 285,000.

  • 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 entrepreneurs’ share in investment projects 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.

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

  • Investment aid is provided as regional aid in line with the Commission Regulation (EU) No. 702/2014 of 25 June 2014 or aid to working capital is provided as de minimis aid in line with the Commission Regulation (EU) No. 1408/2013 of 18 December 2013.

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ALTUM branches

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