Benefits
✔ EIF guarantee is free of charge
✔ Low interest
✔ Dedicated BCR specialists within corporate business centers
✔ Simplified documentation
Features
Credit type:
1. Line of credit/Credit per object for financing the current activity (working capital needs such as funds required to pay for raw materials and other manufacturing inputs, labour; inventories and overheads, funding to finance trade receivables and non-consumer sales receivables, provided that these are in line with the following targets: the establishment of new enterprises, early stage capital, capital for the strengthening of the general activities of an enterprise, realisation of new projects, penetration of new markets or new developments by existing enterprises).
2. Investment loan intended to finance the activity for:
- acquisition of new production capacities and objectives
- development/maintenance of existing production capacities at optimal parameters
- upgrading the production capacities of equipment, machines, installations, existing buildings etc.
Loans with European Investment Fund (EIF) guarantee benefits from support from the European Union pursuant to the SME Initiative, with funding by the European Union under the European Regional Development Fund and Horizon 2020 and by the European Investment Fund and the European Investment Bank
Beneficiaries: SMEs defined according to European Commission 361/2003 Recommendation and 346/2004 Law, with subsequent amendments and completions
Grant currency: RON, EUR
Maximum limit: EUR 5 million (or RON equivalent)
Interest: variable, negotiable
Grant period:
- Minimum 2 years
- Maximum 12 years
Collaterals: in addition to the EIF guarantee (60% of the loan amount) other collaterals (real estate, movable, personal, risk-free guarantees) may be requested on a case-by-case basis.
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Documentation
✔ Credit request
✔ Certified financial statements (the last two final financial statements and the last quarterly balance)
✔ Agreement to study the applicant’s status as reported by Central Credit Register
✔ Agreement to study the applicant’s status as reported by the Credit Office, for the controlling shareholders
✔ Fiscal certificate
✔ Proof of registration issued by the Trade Register
✔ The decision of the competent authority – according to the constitutive terms and to the law - regarding the contract and the guarantee credit
✔ Ownership documentation related to the purchased good
✔ Specific documentation (Affidavit regarding fitting into the SMEs category, regarding “de minimis” aid and regarding the non-qualification as a restricted or excluded entity)