The intended purpose of the investment loan is to finance investments in fixed assets to overcome the temporary difficulties of an entrepreneur caused by the outbreak of COVID-19.

Main conditions:

  • Loan amount of up to 10 million euros and term from 24 up to 72 months
  • The loan interest is 12-month EURIBOR + 2% per annum and a contract fee of 0.5% of the loan amount.
  • The loan must have collateral with an expected result of realisation of at least 50% of the loan amount (incl. assets acquired by a loan as collateral).
  • The business register shall be accompanied by the annual report ending in 2019 and any other required information.
  • The enterprise started its business in 2017 at the latest and, as of 31.12.2019, it was not a firm in difficulty.
  • The equity ratio of the enterprise is at least 30% of the balance sheet, the loan liabilities and EBITDA ratio is less than 7 (less than 10 for a loan applicant in the accommodation sector) and the loan and equity ratio is less than 2.
  • The enterprise does not have valid payment problems and overdue debts to credit and financial institutions.

Conditions:

Extraordinary investment loan conditions