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.