Loan Programme for Incentives to Start Up Small Enterprises


1. Final borrowers


Croatian citizens who:


  • start a crafts business or a company for the first time,
  • have registered business,
  • will be actively and permanently employed in a responsible position within the newly established company or crafts business after the investment has been completed,
  • are under 55years of age,
  • are not owners of another company or crafts business,
  • are not joint owners of another company or crafts business holding more than 30% ownership interest


Borrowers can also be co-operatives and small and medium entrepreneurs operating less than 2 years.
Pursuant to the Conflict of Interest Prevention Act (Official Gazette of the Republic of Croatia Nos. 26/11, 12/12, 126/12, 57/15), restrictions are in force on lending to business entities whose ownership interests are owned by public officials and their family members. The provisions of these restrictions are deemed a constituent part of HBOR loan programmes. The full wording of the restrictions can be found at: Restrictions on Lending to State Officials.


2. Purpose of loans


Loans under the Loan Programme are intended for investments in:
I. Fixed assets Tangible assets


  • initial funding
  • land plots, buildings
  • equipment and devices
  • nucleus breeding unit and planting perennial crops


Intangible assets


  • development of products or services, patents, licenses, copyrights, franchises


II. Permanent current assets  

  • up to 30%of the total loan amount




3. Manner of implementation


  • through commercial banks
  • risk-sharing – small and medium enterprises
  • risk-sharing
  • direct lending


4. Loan amount, disbursement period and repayment period


Loan amount  

  • the minimum amount HRK 80,000.00 and the maximum amount HRK 1,800,000.00
  • loans are granted in HRK or in HRK indexed to foreign currency

Generally, HBOR finance up to 85% of the estimated investment value, VAT not included. In the case of case of loans of up to HRK 700,000.00 HBOR may finance up to 100% of the estimated investment value, VAT not included. HBOR can, in certain cases, consider a possibility of financing the estimated investment value with VAT.


Disbursement period  

  • up to 12 months


Grace period  

  • up to 3 years
  • up to 5 years for planting and/or restructuring of perennial crops


Repayment period  

  • up to 14 years, including grace period



5. Interest rate


2% p.a.


Depending on the capabilities of the final borrower in obtaining the right to the award of de minimis aid, loan comes with a general interest rate that is determined at least in the amount of reference or by stimulating the interest rate or the effective interest rate below the reference.


Interest rate is variable based on the Decision of HBOR Managing Board, and pursuant to the criteria of the HBOR’s Decision on Interest Rates and the Interest Calculation Regulations.


6. Loan Application Fee


0,8% one-off, charged on the committed loan amount


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 in favor of HBOR
  • bank guarantees
  • guarantees issued by HAMAG-BICRO
  • in the case of loans of up to HRK 100.000,00 covered by HAMAG-BICRO guaranteeing 80% of the loan principal, bills of exchange and debentures of the borrower and of the owner together with the owner’s consent for the seizure of salary
  • for loans of up to HRK 100.000,00 two creditworthy guarantors and
  • other customary security in the banking operations


In the case of loans on-lent via commercial banks, collateral will be negotiated between the borrower and the commercial bank.


9. Commercial banks Co-operating with HBOR


  1. Addiko Bank d.d., Zagreb (RS SME); (RS)
  2. Banka Kovanica d.d., Varaždin
  3. Croatia banka d.d., Zagreb
  4. Erste & Steiermärkische Bank d.d., Rijeka (RS SME); (RS)
  5. Hrvatska poštanska banka d.d., Zagreb (RS SME); (RS)
  6. Istarska kreditna banka Umag d.d., Umag (RS SME)
  7. KentBank d.d., Zagreb
  8. Kreditna banka Zagreb d.d., Zagreb
  9. OTP banka Hrvatska d.d., Zadar (RS SME); (RS)
  10. Partner banka d.d., Zagreb
  11. Podravska banka d.d., Koprivnica (RS SME); (RS)
  12. Primorska banka d.d., Rijeka
  13. Privredna banka Zagreb d.d., Zagreb (RS SME)
  14. Raiffeisenbank Austria d.d., Zagreb (RS SME); (RS)
  15. Samoborska banka d.d., Samobor
  16. Sberbank d.d., Zagreb (RS SME); (RS)
  17. Slatinska banka d.d., Slatina (RS SME); (RS)
  18. Societe Generale – Splitska banka d.d., Split (RS SME)
  19. Štedbanka d.d., Zagreb
  20. Vaba d.d. banka, Varaždin
  21. Veneto banka d.d., Zagreb
  22. Zagrebačka banka d.d., Zagreb (RS SME); (RS)



More detailed information ralating to this programme can be obtained at:
HBOR, Strossmayerov trg 9, 10000 Zagreb
Phone: 01 / 45 91 666