Investment loans for youth in business
Encouragement establishment and development operations of micro and small businesses and entrepreneurship owned by Montenegrin citizens up to and including 35 years of age.
The interest rate is 4.00% on an annual basis with a proportional method of interest calculation.
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 3.50% on an annual basis with a proportional interest calculation system.
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 deadline for using the loan is 24 month.
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 (product or service development, patents, licenses, concessions, copyrights, franchises, etc.) and working capital.
IDF MNE JSC can finance up to 75.00% of the value of the total investment.
The loan amount intended for investment in current assets can be up to 30.00% of the total loan amount.
Users
Beneficiaries of loans can be companies and entrepreneurs in all forms of organization provided for by the Law on Business Companies, as well as persons who perform their activities in a manner defined by the rules of the activities they are engaged in (artisans, agricultural producers, PZU, etc.).
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 business company, the founders of the business company cannot have more than 20.00% of the ownership of another company, while in the case of entrepreneurs, they may not participate in the ownership of another business entity with more than 20.00%. Also, in order to exercise the right under this credit line, the owner of a business company, that is, an entrepreneur, must be of age up to and including 35 years of age .
Beneficiaries of loans can only be companies that have been in business for more than 12 months.
Security instruments
As instruments security loan of IDF MNE JSC will to accept promissory notes , mortgage 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 , 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.