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HAMAG BICRO guarantee

Raiffeisenbank Croatia participates in the guarantee programs of the Croatian Agency for SME HAMAG BICRO which provides a portion of the principal for investments or working capital to the entities of small entrepreneurship. 

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More favourable financing terms

More favourable financing terms in comparison to the standard offer

Lower interest rate

Lower interest rate in comparison to the standard offer

Who is the HAMAG BICRO guarantee intended for?

The guarantee is intended for micro, small and medium-sized enterprises that:

  • Have fewer than 250 employees
  • Are more than 50% owned by legal or natural persons who are residents of Croatia
  • Have not been blocked for more than 30 days in the last 6 months
  • Do not have outstanding debt to the state.

How to choose the right type of guarantee?

The choice depends on:

  • The activity you are engaged in
  • The amount of the loan
  • The purpose of the investment
  • The amount/percentage of the requested guarantee.

How can you obtain the HAMAG BICRO guarantee?

  1. Submit a financing application.
  2. After the assessment and if the loan is approved, RBA sends a guarantee request to HAMAG BICRO
  3. If the guarantee is approved, HAMAG BICRO will send you an invoice for the premium payment directly.
  4. Then, you sign the loan agreement with the bank and provide us with the agreed collateral instruments.
  5. Once HAMAG BICRO provides the guarantee to the bank, we will disburse the funds to you.

The program is intended for micro, small and medium-sized entrepreneurs in the agricultural, manufacturing and forestry sectors who are investing in areas outside the urban centers of Zagreb, Osijek, Rijeka and Split within Croatia. The program is designed to facilitate easier access to financing and additional credit security with a lower interest rate. 

Program conditions

The Program is intended for micro, small and medium entrepreneurs which:

  • have maximum 249 employees,
  • income u to 50mn EUR or assets up to 43mn EUR,
  • registered as a family agricultural holding (FAH; Cro. OPG), craft, company, cooperative, manufacturing or other business entity,
  • have mote than 50% of private ownership,
  • have not been blocked for over 30 days in the last 6 months and
  • have no outstanding liabilities towards the state.

Additionally, micro enterprises must be owned by legal or natural persons who are residents and they must not have been blocked for more than 5 days in the last 6 months.

The guarantee amount1,300,000 EUR
Maximum guarantee rateup to 70%; up to 80% for young farmers (up to 40 years old) and the dairy sector
Scope of the guaranteeprincipal of the loan
Duration of the guaranteefrom 12 months to 15 years
Risk premium0.25 of the approved guarantee amount; 0.10 for young farmers and the dairy sector
The share of circulating capital in the loanup to 200,000 EUR, or up to 30% of the total eligible costs, depending on which amount is higher
Collateralspromissory note and other securities depending on the risk assessment

Eligible projects

  • Refinancing, modernization and increasing the competitiveness of the agricultural holding
  • Handling, management and use of manure to reduce its harmful impact on the environment
  • Use of renewable energy sources
  • Increase in the added value of the agricultural holding
  • Development of non-agricultural activities – hospitality, sports, recreation, traditional crafts, cycling tourism, health tourism
  • Modernization of technology, machinery, tools and equipment in forestry and wood-processing industry

Ineligible guarantees

  • Financing of VAT
  • Refinancing of existing liabilities
  • The cost of purchasing land exceeding 10% of the total investment
  • Costs that are ineligible based on state aid rules
  • Bridge loans, framework loans on business accounts, revolving loans and frameworks for guarantees, loans, etc.
  • Investments for personal purposes
  • Construction or purchase of residential and commercial properties for sale or rent, except for the purpose of conducting tourism activities carried out by the applicant
  • Purchase of movable and immovable property from related parties
  • Purchase of commercial properties under construction
  • Equity interest in other entities

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