Business loan with InnovFin guarantee*

Details

• Secured by the guarantee from European Investment Fund
• Maximum loan amount 7,5 mil. EUR
• Designed for clients and non-clients
• Loan repayment period minimum 12 months, maximum 10 years

Benefits

• Without requirement for additional tangible or intangible collateral
• Guarantee from European Investment Fund is free of charge
• With favorable interest rate
• Financing of a wide range of operational or investment needs of innovative enterprises

Wo can apply for business loan with EIF guarantee - InnovFin

• Client is a Slovak entity, entrepreneur or self-employed person
• Small and medium-sized enterprises and mid-capitalization enterprises (up to 500 employees),
• Companies investing in the production or development of innovative products, processes or services;
• Fast-growing enterprises
• Businesses with significant innovative potential

Basic conditions for obtaining a loan

• Meeting at least one innovation criterion
• No overdue liabilities to government institutions
• Pursue business in industries acceptable to the bank
• Have an active business for at least 24 months
• Coverage by the European Investment Fund's guarantee up to 50 % of the loan

Documents needed to assess the loan application

• Financial statements and tax returns for two previously-ended accounting periods and the most recent financial statements in the current year
• Certificates of tax returns filed for the ended accounting periods
• A completed Tatra banka questionnaire with supplementary information for the loan application

This financing is supported by the InnovFin SME Guarantee Facility, with the financial backing of the European Union under Horizon 2020 Financial Instruments and the European Fund for Strategic Investments (EFSI) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing.