Financer: Altum, EU
Purpose: To encourage starting up businesses
Terms: For investments and current assets from 2,000 to 150,000 EUR for up to 10 years. For real estate acquisition, construction and renovation projects - up to 15 years. The annual rate is fixed at 3-7% + the price of Treasury resources. Own participation in the project: up to 7,000 EUR - 0%, over 7,000 EUR - 10% of the project amount (non-state aid funding).
Up to 25,000 EUR to receive a loan attracts a private guarantee from the business owners. No other security is required if the EaSI and COSME warranty conditions are met. In other cases, the value of the collateral is at least 74% of the loan. Collateral over EUR 25,000 - company property as a group of things, incl. fixed assets purchased within the framework of the loan. Other property may be used as collateral by the owner, etc. guarantees: value of collateral at least 74% of the loan, private guarantee depending on the value of collateral
Before the establishment of the company, entrepreneurs up to 5 years old registered in the UR, self-employed persons can apply for the loan

Tags: Business Public Funding Assessing and Going to market