Investment loans for business beginners

The goal program and purpose

Loans are intended for investments in fixed assets - tangible assets (construction facilities, equipment and devices, basic herd, raising long-term plantings, small inventory, etc.), intangible assets (development of products or services, patents, licenses, concessions, copyrights, franchises, etc.) and working capital.

Taking into account the specificity of the ICT sector, within the framework of ICT activities, it is possible to finance wages under employment contracts for employees who are directly or indirectly involved in product development.

• IDF MNE JSC can finance up to 75.00% of the total investment value.
• The amount of own capital must not be less than 25.00% of the value of total liabilities.

The loan amount intended for investment in current assets can be up to 30.00% of the total loan amount.

If the loan is financed from the funds of the European Investment Bank, the funds cannot be used to finance VAT.

Users

Beneficiaries of loans can be companies and entrepreneurs, which operate for less than 12 months from the date of submission of the application for credit.

The end users of these credit arrangements can be entities that provide a certificate from the Tax Administration that they properly settle their tax obligations.

If the applicant is a company, the company itself and the founders of the company cannot have more than 20.00% participation in the ownership of another company, while in the case of an entrepreneur, he may not participate in the ownership of another business entity with more than 20.00%.

Beneficiaries of loans cannot be companies that have shares of legal entities over 20.00% in the ownership structure.

Security instruments

As instruments security loan IDF MNE JSC will to accept promissory notes, mortgages on the real estate ( estimated value real estate must be least valuable how many and Amount wanted loans for loans up to EUR 50,000.00), banking guarantees , guarantees unit local self-government, guarantees of the Government of Montenegro, sureties creditworthiness legal persons, pledges receivables, administrative prohibitions on the receiving a minimum of one creditworthiness guarantor ( depending from the amount credit and income guarantor ) i others usual instruments security in banking business in accordance with Acts of IDF MNE JSC and decisions competent authorities of IDF MNE JSC.

All costs related to the acquisition of security instruments and the implementation of operations related to insurance, deletion and return of realized instruments are borne by the loan beneficiary.