The start-up loan provides a helpful boost in case of difficulties with starting a company due to a lacking start-up capital and where there is insufficient security for bank loans or an overly short operational history.
The start-up loan, issued in cooperation with Fund KredEx, is suitable for financing investments and operating capital of starting enterprises and businesses that have operated for up to three years. The objective of the loan is financing of investments and/or operating capital.
|Maximum term||60 months|
|Loan amount||2,000-100,000 Euros, of which up to 50,000 Euros may be used as operating capital|
Unlike a conventional bank loan, fewer guarantees are required from an entrepreneur in the event of a start-up loan. Generally, personal surety of the loan recipient’s natural person owners is sufficient to secure the loan. If the loan is used for specific purposes, personal liability of the guarantor is 25% of the loan amount
Applying for a start-up loan keyboard_arrow_down
✓ An application is submitted to the Bank
✓ In case of a favorable decision, the Bank submits to KredEx the documents required for financing/providing surety
✓ KredEx makes a decision based on the information received from the Bank. If necessary, additional information is requested from the relevant undertaking
✓ In case of a favorable decision by KredEx, the Bank prepares the relevant documentation and issues the loan.
In addition to Bank-required documents necessary to apply for a loan, the following documents must be submitted:
1. Financial forecasts for the next 3 years
2. Resumes/CVs of the company’s key personnel
3. Overview of existing obligations
Show payment schedule.
* Please note, that calculations are informative
|Nr||Date||Loan Amount||Interest||Principal Payment||Total Payments||Outstanding Balance|