Make more favorable financing happen: HBOR
RBA participates in the programme of the Croatian Bank for Reconstruction and Development, HBOR, by offering entrepreneurs the possibility for more favourable financing conditions at lower rates.
Interest Rate Subsidy from the NPOO Programme
Would you like to invest in environment-friendly equipment? Are you preparing to go digital in your business? Are you an entrepreneur from the areas of special state concern, hilly-mountainous areas and on islands? Do you believe that restructuring or refurnishing business space is essential to increase the business volume?
RBA offers you entrepreneur loans with the option of partial interest rate subsidy, through the aid from the National Recovery and Resilience Plan (NPOO) – within the HBOR’s programme.
Financed by the European Union – NextGenerationEU. The views and opinions expressed are solely those of the author and do not necessarily reflect the official views of the European Union or the European Commission. Neither the European Union nor the European Commission can be held responsible for them.
- Micro, small and medium and large entrepreneurs registered in RH,
- undertakings which are not in difficulty and
- entrepreneurs whose activity is not prohibited by the Operational Programme of the NPOO.
- Fixed assets investments* - investments in tangible and intangible assets with the aim of starting a business, business modernization, introduction of new technologies, capacity increase (including tourist capacities), development and introduction of new products or services, business digitalization, investments in ecologically acceptable manufacturing processes and efficacy of resources, research and development, etc.
- Investments in working capital* - up to 30% of the loan at most (working capital necessary to implement business investments and development).
* refers to the net amount, less VAT.
* Odnosi se na neto iznos, bez PDV-a.
Investment type | Interest rate subsidy by investment type |
|---|---|
| Green transition and/or Digital transition | up to 75 % of standard interest rate, and up to 3.00 p.p. at most |
| Investments in special areas of RH and/or RDI - Research, development and innovation | up to 65% of standard interest rate, and up to 3.00 p.p. at most |
| Strengthening competitiveness and resilience | up to 50% of standard interest rate, and up to 3.00 p.p. at most |
The maximum subsidy amount depends on the size of the entrepreneur, the investment type and the EU and national support already used so far. The interest rate subsidy is determined when the loan is approved and represents the highest possible amount of interest rate subsidy per individual loan. When contracting, the interest rate percentage and amount paid by HBOR is defined, and the entrepreneur pays the difference to the rest of the agreed interests.
- up to EUR 1,000,000 for large (over 3,000 employees) and mid-cap companies (from 250 to 3,000 employees),
- up to EUR 500,000 for micro, small and medium entrepreneurs (up to 249 employees and annual turnover up to EUR 50 million and/or annual balance up to EUR 43 million according to the last available annual financial statements) and
- up to EUR 1,000,000 for the public sector.
Subsidy approval is subject to providing proof that the investment meets the principle of not causing significant damage to environmental and climate goals (DNSH-Do No Significant Harm), which is a part of the strategy for achieving a sustainable economy of the European Union. For this purpose, the entrepreneur fills out a self-assessment questionnaire to identify climate, environmental and social risks and impacts and possible significant contribution of the proposed investment to environmental goals.
- Submit a loan application and an NPOO subsidy application at RBA.
- If a positive decision is passed, the bank sends the application to the HBOR.
- If the HBOR’s decision is positive, the bank makes an agreement with you and collects the required security instruments as defined under the loan agreement.
- The bank disburses the loan.
Individual investments can be financed through the Risk-Sharing Model, which means that RBA and the HBOR finance your project jointly in equal shares. In this case, the entrepreneur signs the loan agreement with the bank and the HBOR.
