National Bank: Loans up to 5 million euros to small and medium enterprises with 70% guarantee

The National Bank, in the framework of its agreement with the European Investment Fund (EIF) totaling 1.6 billion euros, participates in the financing program of the Pan-European Guarantee Fund (“EGF”) for the financing of Small and Medium Enterprises (SMEs) and Small MidCaps.

The program benefits from support from the EGF Guarantee Facility, implemented by the EIF, with the financial support of Member States contributing to the EGF.

According to the National Bank, the Pan-European Guarantee Fund (EGF) is designed to support companies affected by the effects of the COVID-19 pandemic, but are considered sustainable in the long run and able to meet their obligations. , if there was no economic impact of the pandemic.

Funding for the program is provided by the 70% guarantee of the European Investment Fund (EIF), which acts on behalf of the EGF, and is aimed at Small and Medium-sized Enterprises with up to 499 employees (in annual work units). ) and are offered for all financing purposes (investment implementation, working capital provision, refinancing of existing loans), through all forms of financing (short-term or medium-term financing in the form of One-Time Loans, Revolving Capital Limits and :

– maximum funding amount of EUR 5 million,

a maximum funding period of 10 years, with the possibility of a grace period, and

favorable financing rate due to the EIF guarantee.

For the submission of the request or more information, the interested parties can contact the Customer Relations Officers and the Branches of the National Bank who are always ready to serve and satisfy the needs of each company.