Loans for financing permanent working capital
Interest Rate is 4.50% on annually level along with proportional the way calculation interest.
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.
Height fees for direct arrangements is 0.30% on the approved loan amount.
The deadline for using the loan is until the 12th months.
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
Permanent current assets are funds needed to finance current obligations that arise in the regular business activities of the end user of the loan, and refer to raw materials and materials, supplies, other production costs, and receivables from customers.
According to the above, the loan funds can be used:
- for the procurement of raw materials, raw materials, semi-finished products, small inventory;
- for overhead costs.
The amount of own capital must not be less than 25.00% of the value of total liabilities (refers to direct credit arrangements ) .
Users
Beneficiaries of loans can be companies and entrepreneurs and other forms and organizations 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.) .
With this credit line, IDF MNE JSC will credit projects end users who generate income in the following activities:
•Production;
•Wood processing;
•Agriculture and food production;
•Tourism and catering;
•Services;
•Trade.
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 premiums , subsidies , grants and direct payments which provides Ministry agriculture , forestry and water management 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 credit user.