Special financing programs

HAMAG BICRO guarantee

Special financing programs

HAMAG BICRO guarantee

Information

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. RBA participates in the execution of 2 financial instruments:
- ESIF individual guarantees co-funded from the European Regional Development Fund within the scope of the Competitiveness and Cohesion Operational Program and
- Individual guarantees for Rural Development co-funded from the European agricultural fund for rural development, focused on agriculture, manufacturing and forestry sectors.

EU ESIF FINANCIJSKI INSTRUMENTI

Ruralni razvoj

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ESIF Individual Guarantees

In addition to providing a portion of the loan principal, the program of ESIF individual guarantees allows also an interest subsidy for particular business activities.

Benefits

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

General Terms and Conditions - terms applicable to all types of placements from the Programme

End users
- Micro, Small and Medium-Sized business entities ( < 250 employees consolidated; income < EUR 50mn or assets < EUR 43mn EUR) that:
  ♦ are > 50% in private ownership
  ♦ have not been blocked for over 30 days in the last 6 months
  ♦ have no unsettled obligations towards the state
  NOTE: the condition for micro customers is that they are to be owned by resident legal entities or private individuals, and may be blocked for up to max. 5 days in the last 6 months.
Unacceptable activities
- ♦ agricultural and fishing activities
  ♦ activities in line with Annex 3 to the Committee Regulation EU No. 964/2014 (tobacco and distilled alcoholic beverages, guns and ammunition, gambling, pornography, nuclear energy)
  ♦ paper publishing and radio and TV broadcasting
  ♦ trading activities
  ♦ petrol stations
  ♦ taxi service activities, rent and leasing of cars and motor vehicles (rent-a car);road cargo transportation activities
Investments not eligible for the Guarantee
- ♦ financing of VAT
  ♦ refinancing of existing liabilities
  ♦ bridge loans, frame loans in business accounts, revolving loans, and frame facilities for guarantees, loans, etc.
  ♦ investments for personal purposes
  ♦ construction or purchase of housing or business premises for sale or lease, save for the purpose of conducting tourist activity that the respective applicant performs
  ♦ purchase of real estate and moveable property from connected persons
  ♦ vehicles for road cargo transportation
  ♦ purchase of business premises in the construction phase
  ♦ ownership shares in other business entities

MEASURE A - Investment Loans

Guarantee amount:	150,000.00 – 2,000,000.00 EUR
Maximum guarantee rate:	Up to 80%
Guarantee scope:	Loan principal
Guarantee life:	1 – 10 years
Risk premium:	0.25 – 0.50% of the guarantee amount
Share of WC in the loan:	Up 30 % of the loan amount
Interest rate subsidy:	According to the NKD*

*End-borrowers classified into the following business activities according to the NKD have the possibility to receive the interest rate subsidy: C (manufacturing), H (transport and storage – only transport referring to coastal or water ways), I (accommodation and catering services) and R (art, entertainment and leisure). The maximum total interest rate subsidy can amount up to a half of the amount of the total calculated interest per placement as defined in the repayment plan.

MEASURE B –Working Capital

Guarantee amount:	150,000.00 – 1,000,000.00 EUR
Maximum guarantee rate:	Up to 65%
Guarantee scope:	Loan principal
Guarantee life:	1 – 5 years
Risk premium:	0.50 – 1.00% of the guarantee amount
Share of WC in the loan:	100 % of the loan
Interest rate subsidy:	Not applicable

Specific terms (depending on placement purpose)

MEASURE A – investment loans

Guarantee amount:	150,000.00 – 2,000,000.00 EUR
Maximum Guarantee rate:	up to 80%
Guarantee scope:	loan principal
Guarantee validity:	1 – 10 years
Risk premium:	0.25 – 0.50% of the Guarantee amount
WC in the loan up to	up to 30 % of the loan amount
Interest rate incentive:	according to the NKD*

* End users classified in the following activities according to the NKD are eligible for the interest rate incentive: C (manufacturing), H (transportation and storage – only coastal or waterways transportation), I (accommodation and food service activities) and R (art, entertainment and recreation). Total interest rate incentive can amount up to maximum one half of the total calculated interest amount for the placement as set in the repayment plan.

MEASURE B – working capital
- Guarantee amount:EUR 150,000.00 – 1,000,000.00
  Maximum Guarantee rate:up to 65%
  Guarantee scope:loan principal
  Guarantee validity:1 – 5 years
  Risk premium: 0.50 – 1.00% of the Guarantee amount
  WC in the loan: 100 % of the loan amount
  Interest rate incentive:Not applicable

Other Guarantee Programmes

EU START-UP - up to 80% OF LOAN PRINCIPAL

Maximum amounts and guarantees
MEASURE A - INVESTMENTS
→ for expanding tourism offer and manufacturing industry capacity increase - max up to HRK 10 million
→ for all other activities - max up to HRK 3 million
MEASURE B – WORKING CAPITAL
→ max up to HRK 1 million
MEASURE C - INNOVATION
→ max up to HRK 5 million
GROWTH - up to 50% OF LOAN PRINCIPAL, up to 70% for MEASURE C

Maximum amounts and guarantees
MEASURE A - INVESTMENTS
→ for expanding tourism offer and manufacturing industry capacity increase - max up to HRK 18 million
→ for all other activities - max up to HRK 7.5 million
MEASURE B – WORKING CAPITAL
→ for financing business activities - max up to HRK 4 million
→ for refinancing - max up to HRK 2.5 million
MEASURE C - INNOVATION
→ max up to HRK 7 million