Microloan for your business success

Conditions

• For the development  of business
• The maximum amount to be financed is up to EUR 50,000.
• For very small companies with up to 9 employees and a turnover not exceeding EUR 2 000 000, the EIF guarantee is free of charge, no collateral is required. 
• For very small, small or medium-sized companies - ILTE guarantee, collateral is possible.

1. Positive business history and reputation

   The bank must make sure that the company does not have late payments to suppliers, employees or other financial institutions, companies, shareholders, the reputation of the management is good, the business has not caused scandals or been involved in legal proceedings, the company's assets have not been seized. Financial institutions usually evaluate the credit history of the last 2-3 years, so the influence of past blemishes can gradually decrease if the company has learned from mistakes and taken steps to prevent them from happening again.

2. Positive equity

   Equity is a financial indicator that shows how much a company or person has assets after deducting all financial liabilities. We cannot finance companies whose liabilities already exceed the company's assets. Equity is one of the most important financial indicators that allows us to assess the financial health of the company.

3. Stable and unprofitable operations

   It is important that the company performs stably profitable, has at least 2 years of company history. The business must not only earn a profit, but also ensure reliable sustainable financial law, the company's business is cyclical or seasonal. In order to maintain continuity of financing, the company must maintain profitability for more than one year.

    

4. Loan repayment plan

   When applying to the bank, the company must justify the credit and have a plan for how it will be repaid. The bank's recommended loan repayment period is up to 5 years (different types of credits have different repayment terms).