Micro & SME Start-Up loan facility

The purpose of the Micro and SME Start-up Loan is to support qualified customers, particularly recently registered Micro and SME businesses, lacking a financial history or adequate collateral to secure financing from financial institutions. Aligned with the Bank’s lending strategy, this loan targets Micro and SME customers seeking short-term liquidity for purposes such as:

• Loan for working capital / inventory
• Investment loans

General Conditions:

Loan Maturity:
  • Working Capital: maximum 36 months (up to 6 months grace period)
  • Investment Loans: maximum 60 months (up to 12 months grace period)
Loan Limit:
  • Minimum 5,000 EUR (ALL equivalent)
  • Maximum 50,000 EUR (ALL equivalent)
  • 5,000 EUR – 20,000 EUR (ALL equivalent) no collateral
  • 20,001 EUR – 50,000 EUR (ALL equivalent)
    • 30% principal coverage with real estate mortgage / Pledge of equipment or machinery / Company guarantee with at least 3 years of activity.
Upon loan disbursement, payments are directed to suppliers' accounts based to invoices.