Investment loans to support service and trade activities
Support development and are growing micro, small and medium-sized enterprises and entrepreneurs from the service and trade sector, as well as improving competitiveness, financing projects from local, regional and state significance.
The interest rate is 5.40% on an annual basis with a proportional interest calculation method.
Loans approved under this credit line, financed from the funds of the European Investment Bank (EIB), will be approved at an interest rate of 0.50% to 0.7% lower than the defined interest rate.
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, special incentives will be approved in the form of a 0.50% interest rate reduction.
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 for direct arrangements is 0.30% of the approved loan amount.
The deadline for using the loan is 24 month.
Note: IDF MNE JSC also implements this Program by means of commercial banks. More details see in the text Program.
The goal program and purpose
Loans are intended for investments in fixed assets - tangible assets (buildings, equipment and devices, small inventory, etc.), intangible assets (development of products and/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 directly finance up to 50% of the value of the total investment.
The amount of own capital must not be less than 25% of the value of total liabilities, increased by the amount of the requested loan (refers to direct credit arrangements).
The loan amount intended for investment in current assets can be up to 30% of the total loan amount.
If the loan financed from funds European Investment Bank (EIB), funds cannot be be used to finance VAT.
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.
Security instruments
As instruments security loan IDF MNE JSC will to accept promissory notes , mortgages on the real estate , banking guarantees , guarantees unit local self-government , guarantees of the Government of Montenegro , sureties creditworthiness legal persons , pledges claims and others usual instruments security in banking business in accordance with acts of IDF MNE JSC i 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.