Short-term loans for liquidity
In addition to factoring as a short-term financial instrument based on the purchase of receivables or liabilities, the offer will also include a classic short-term credit line. These funds are primarily intended for overcoming the stagnation in short-term business activities.
Interest Rate is 4.20% on annually level along with proportional the system 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.
The fee is 0.30% of the approved loan amount.
The deadline for using the loan is 3 month.
The goal program and purpose
The short-term credit line is intended for financing the short-term needs of clients that arise in the regular business activities of the end user of the loan, and relate to the needs for financing current liquidity, working capital, raw materials, materials, financing stock of goods, other production costs, preparation of production/products for export, preparation of facilities or improvement of accommodation capacities for the tourist season, payment to suppliers and other short-term obligations.
Loan funds can only be used for the purchase of raw materials, raw materials, semi-finished products, small inventory, and payment of overhead costs.
Loans intended for entrepreneurs and businesses in the tourism sector, the funds can be used for arrangement, adaptation, furnishing of space for the provision of tourist services, i.e. preparation of motels and hotels.
Users
Beneficiaries of loans can be companies and entrepreneurs and all other 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.) .
With this credit line, IDF MNE JSC will credit projects of end users who generate income in the following activities:
•Production;
•Wood processing;
•Agriculture and production food;
•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 receivables , 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