Micro, small and medium-sized private sector business entities* – companies, crafts businesses, self-employed natural persons, family farms in the VAT system, cooperatives and institutions that meet at least one of the following conditions**:
- start-up entrepreneurs,
- young entrepreneurs,
- female entrepreneurs,
- entrepreneurs investing in special areas of the Republic of Croatia (supported areas, hill or mountain areas, the islands),
- entrepreneurs investing in the commercialisation of projects that are based on research, development and innovation (RDI).
Entities that belong to the category of companies in difficulties are not eligible to be the borrowers.**
A borrower must be established in the Republic of Croatia at least before the disbursement of the loan.
* In accordance with the Recommendation of the European Commission 2003/361/EC of 6 May 2003 concerning the definition of micro, small and medium-sized enterprises
** Conditions for defining eligible borrowers can be found in the Operational Programme for the Implementation of the Financial Instrument of HBOR Direct Loans above EUR 100,000 for Micro, Small and Medium-Sized Enterprises under the NRRP (hereinafter: Operational Programme), that is a constituent part of this Programme.