Working capital favourbale loans

3.4.2020.

1) ESIF micro loans for working capital

Users

Micro (less than 10 employees, operating income or assets up to EUR 2 million) and Small businesses (less than 50 employees, operating income or assets up to EUR 10 million) that have at least 1 employee, 50% private ownership and who did not have accounts blocked more than 30 days in the last 6 month period nor outstanding public liabilities.
Amount From EUR 1,000.00 to EUR 25,000.00
Interest rate 0.5% - 0.75% - 1.00%
Grace period Up to 12 months
Maturity Up to 3 years including grace period
Collateral Promissory note (and other collateral depending on risk assessment)
Purpose Working capital.

Prohibited use for VAT financing, refinancing of existing liabilities, settlement of public liabilities or liabilities to financial institutions.


2) COVID-19 loans for working capital

Possible

users

Micro (less than 10 employees, operating income or assets up to EUR 2 million) Small (less than 50 employees, operating income or assets up to EUR 10 million) and Medium businesses (more than 50 employees, operating income or assets exceeding EUR 10 million) which recorded decrease in revenues of more than 20% in the first quarter or forecast such decline in the following periods; have at least 1 employee, 50% private ownership and who did not have accounts blocked more than 30 days in the last 6 month period.
Amount Up to HRK 750,000.00 (approx. EUR 100,000.00)
Interest rate 0.25%
Grace period Up to 12 months
Maturity Up to 5 years including grace period
Collateral Promissory note
Purpose Working capital, including VAT.

Prohibited for refinancing of existing loans/ leases and payment of liabilities incurred prior to 2020.