Special financing programs

HAMAG BICRO guarantee

Special financing programs

HAMAG BICRO guarantee

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Raiffeisenbank Croatia participates in the HAMAG BICRO guarantee programmes of the Croatian Agency for SMEs, Innovation and Investments, which provide a portion of the loan principal to small business entities for investments or working capital.  and participates in the implementation of the financial instrument co-financed from the European Regional Development Fund within the scope of the Operational Programme Competitiveness and Cohesion through the ESIF Programme of individual guarantees.

EU ESIF FINANCIJSKI INSTRUMENTI

HAMAG Bicro

ESIF Individual Guarantees

 

Besides securing a portion of the loan principal, particular business activities are also provided interest rate incentive through the ESIF Individual Guarantees Programme.

Benefits

  • More favourable financing terms

    More favourable financing terms

    More favourable financing terms in comparison to the standard offer

  • Lower interest rate

    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

    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

    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

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