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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.

  • The maximum amount of the loan is EUR 14,300 for investments and up to EUR 7,200 for current assets.

  • The loan has a fixed annual interest rate of 5% to 8%.

  • The loan repayment period is 5 years.

  • To guarantee the loan the business owner has to invest at least 10% in projects whose total amount exceeds EUR 7,200.

  • A private guarantee provided by the business owner, is necessary to receive a loan.

  • Collateral value must be from the 74% of the loan amount.

  • It is possible to receive several loans within the framework of the programme, but not more than one loan during one calendar year.

  • The aim of micro loans is to start or develop small businesses for micro entrepreneurs and business start-ups.

  • 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