Investment loans for the development of entrepreneurship
IDF MNE JSC in cooperation with Ministry economic development realizes non-financial and financial support development entrepreneurship in Montenegro .
The interest rate is 4.40% on an annual basis with a proportional interest calculation method.
For entities that project implemented in municipalities northern region and in municipalities who is are below 100% of the average value of the development index in Montenegro, the interest rate is 3.90% on an annual basis with a proportional interest calculation method.
Depending on the price of the available sources of financing, the interest rate may be higher, with which the beneficiary of the Fund's funds should be properly informed.
The fee is 0.30% of the approved loan amount.
The loan term is up to 12 months.
The goal program and purpose
The program promotes support for the development of entrepreneurship, through the fulfillment of goals such as: opening new jobs through encouraging entrepreneurship and starting one's own business; and targeting target groups - young people, women, students, persons with disabilities, vulnerable categories and others, to independently start creating their future and devote themselves to business; s stimulating innovation and creativity of young people; encouraging further growth and development of existing SMEs, etc.
The loan is intended for newly established business entities, which are at the beginning of the development of their business, to embark on entrepreneurial journeys and stimulate themselves with certain measures of non-financial and financial support.
In order for candidates to acquire the condition to apply for loans from IDF, it is necessary to attend entrepreneurial education cycles organized by the Ministry of Economic Development. Through technical support, the Ministry of Economic Development prepares the prescribed project documentation and submits it to the IDF for final decision. Based on the proposal of the Ministry, and in accordance with its business policy and conditions defined by the credit line in question, the IDF will make a final decision on the approval of credit funds.
Loans are intended for investments in tangible assets (buildings, equipment and devices, etc.), intangible assets (development of products or services, patents, licenses, concessions, copyrights, franchises, etc.) and current assets.
The loan amount intended for investment in working capital can be up to 30.00% of the total loan amount .
IDF MNE JSC can finance up to 75.00% of the total investment value.
Users
Users credit I can to be economic society and entrepreneurs in all forms organizing who is provides for the Law on Economic societies which / delivery confirmation from the sides Ministries economic development, and in accordance with announced To the public by invitation.
The last one users these credit arrangement I can to be only submitters requirements that are successfully finished training the code Ministries economic development Montenegro.
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
IDF MNE JSC will like instruments security credit to accept promissory notes , mortgages on the real estate ( estimated value real estate must be least valuable how many and Amount wanted loans ), banking guarantees , guarantees unit local self-government , guarantees of the Government of Montenegro , sureties creditworthiness legal persons , pledges claims , administrative prohibitions on the receiving a minimum of one creditworthiness guarantor ( depending from the amount credit and income guarantor) and 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.