1. Beneficiaries
- small and medium companies
- craftsmen
holding a favourable decision of the Croatian Business and Innovation Centre (BICRO d.o.o.), having been registered in the Republic of Croatia and having developed a product (certified prototype) and/or technology; having submitted an application for the recognition of a patent in the Republic of Croatia; having submitted an application for protecting industrial property in the Republic of Croatia and/or abroad
2. Purpose of Loans
| I. Fixed assets: |
- equipment and devices
- building annexes and equipping business facilities
- purchase and construction of business premises, where entrepreneurs are experienced and successful
|
| II. Permanent current assets (up to 15% of the total investment) |
The following cannot be financed: costs of research and development activities; costs of surveys, studies, licensing and trademark protection; costs of establishing companies and crafts businesses; activities in the field of shipbuilding, steel manufacturing and maritime shipping; acquisition of transport devices.
3. Manner of Implementation
- direct lending or
- investment into equity
4. Amount of Financing, Disbursement Period and Repayment
Loans
| Loan amount |
- the minimum amount HRK 80,000.00, the maximum amount is not limited
- loans are granted to HRK and indexed to foreign currency
|
|
HBOR finances up to 50 % of the estimated investment value, VAT not included |
| Disbursement period |
up to 12 months |
| Repayment period |
up to 12 years, including grace period
up to 6 years, including grace period, for loans extended exclusively for the purchase of machinery, equipment and devices |
| Grace period |
up to 3 years |
Investment into equity
| Investment amount |
up to 70% of the total project investment, the maximum amount HRK 6,000,00000 |
| Percentage of ownership of HBOR |
up to a 49% stake in the company's equity |
| Withdrawal from the company |
The sale of the stake will take place 7 years after the investment at the latest.
The manner of withdrawal of the company and other provisions will be determined by the Investment Agreement. |
5. Interest for Borrowers
4% p.a.
6. Loan Application Fee
0.8% one-off, charged on the committed finance
7. Commitment Fee
0.25% p.a., charged on the committed undisbursed loan amount, starting 30 days from the loan contract date
8. Security
HBOR accepts:
- bills of exchange and debentures
- pledge of property or transfer of fiduciary title to property supported by property insurance policy endorsed in favour of HBOR
- bank guarantees
- guarantees issued by the Croatian Agency for Small Businesses (HAMAG)
- other customary security in the banking operations
More detailed information relating to this loan programme can be obtained at:
HBOR, Strossmayerov trg 9, 10000 Zagreb
phone: 01 / 45 91 754, 01/ 45 91 758
e-mail: msp@hbor.hr