Short Term Loan


Additional funds for major transactions


  • To acquire inventory and seasonal stock of goods.
  • To carry out short-term projects requiring more funds.
  • Applicable for European Union co-funded financing projects where the support will be paid out after submission of the the project's final report.


Conditions

  • Minimum loan amount is 2,000 euros.
  • Term is up to 18 months.
  • Collateral:
  • Contract fee is 1% of the loan amount, min. 195 euros.
  • Other expenses:
    • expenses related to establishment and insurance of the collateral.

Required documents

  • loan application;
  • the last annual report if it has not been submitted to the Commercial Register. The balance sheet and income statement submitted may not be older than 12 months;
  • in the event of property collateral, a valuation report from a real estate agency accepted by the bank.