UniCredit Bank, based on the Agreement signed with European Investment Fund (EIF), joined the COSME program.
Benefits from the support of the European Union under the Loan Guarantee Facility established under regulation (EU) No 1287/2013 of the European Parliament and the Council establishing a Programme for the Competitiveness of Enterprises and small and medium enterprises (COSME) (2014-2020).
The portfolio, which in total amounts to EUR 230 million, is dedicated to SMEs, defined by the EU standards, with the aim of supporting a strategy for sustainable and inclusive growth.
Main benefit for eligible companies is a guarantee of 50% from the loan value, covered by the EIF guarantee.
In this way clients will be allowed to withdraw loans for working capital for a period longer than usual and without hard collateral.
Beneficiaries
- SMEs
Purpose of the loan
- Long-term working capital
- Investment in fixed assets (with 5% down payment of the client in the investment)
Loan amount
- Maximum amount EUR 150,000 or RSD 18,500,000
Repayment period
- Long-term working capital loan: Minimum repayment period is 37 months. Maximum repayment period is 42 months
- Investment in fixed assets: Minimum repayment period is 61 months. Maximum repayment period is 84 months
Guarantee
- Long-term working capital loan: Client's bills. For clients whose annual turnover does not exceed EUR 1,500,000 bills of all related parties, as well as bills of the owner
- Investment in fixed assets: Client bills and pledge/mortgage on the object of financing. For clients whose annual turnover does not exceed EUR 1,500,000 bills of all related parties, as well as bills of the owner
EU for Serbia - Financing for SMEs” is funded by the European Union under the Western Balkans Enterprise Development and Innovation Facility
For applications for COSME program please contact your relationship manager or visit our nearest branch.
UniCredit Bank, based on the Agreement signed with European Investment Fund (EIF), provides loans to Small and Medium Size Enterprises (SME) supported by the InnovFin SME Guarantee Facility, with the financial backing of the European Union under Horizon 2020 Financial Instruments.
The portfolio, which in total amounts to EUR 50 million, is dedicated to SMEs and Small Mid-caps focused on research, development and innovation. The eligible companies will benefit of a guarantee covering 50% from the loan value.
Beneficiaries
- SMEs with less than 250 employees and maximum annual turnover of EUR 50 million EUR or annual balance sheet of EUR 43 million
- Small Mid-caps with maximum 499 employees
Purpose of the loan
- Investment in fixed assets
- General expenses through working capital lines
Loan amount
- Minimum amount EUR 25,000 or RSD 3,079,232
- Maximum amount EUR 5,000,000 or RSD 615,846,500
Note: Sum of all loans for a client can not exceed EUR 7,500,000 or RSD 923,769,750
Repayment period
- Minimum loan maturity is 12 months
- Maximum loan maturity, except for revolving loan, is 10 years including grace period if applicable
- Maximum revolving loan maturity is 3 years
Guarantee fee for InnovFin guarantee
- SME: 0,25% p.a. on the loan amount, with quarterly collection at the end of each quarter
- Small Mid-caps: 0.40% p.a. on the loan amount, with quarterly collection at the end of each quarter
UniCredit Banka Serbia signed The Guarantee Agreement with the European Investment Fund (EIF) by which the Bank became part of the WB EDIF Guarantee4SME Resilience program with the aim of providing support to micro, small and medium-sized enterprises as defined by the EU in the countries of the Western Balkans.
BENEFICIARIES
- Micro, small and medium-sized enterprises (according to the EU definition) with less than 250 employees and EUR 50 million in annual revenue or EUR 43 million in total asset value
BENEFITS
- Favorable interest rates compared to standard rates
- Longer Maturity for Working capital loans
- Relaxed collateral requirements
PURPOSE
- Financing of working capital
- Financing of investments in tangible and intangible assets
WORKING CAPITAL LOANS
- Maturity: from 36 to 42 months (including grace period)
- Currency: RSD indexed in EUR
- Maximum loan amount: EUR 500,000
- Collateral:
• Credit Beneficiary bill of exchange
• Personal bill of exchange of the owner of the Credit Beneficiary, if the owner is a natural person;
• Bill of exchange of related parties
INVESTMENT LOANS
- Loan term: from 60 months (including the grace period)
- Loan currency: RSD indexed in EUR
- Maximum loan amount EUR 500,000
- Collateral:
• Credit Beneficiary bill of exchange
• Personal bill of exchange of the owner of the Credit Beneficiary, if the owner is a natural person;
• Bill of exchange of related parties
- Contribution of the Credit Beneficiary is maximum 10%
