What kind of loan is it?
ProCredit Bank has begun approving liquidity and working capital loans secured by state guarantees.
Entities eligible for a loan secured via a state-issued guarantee:
- all entities seated in the Republic of Serbia
- agricultural holdings registered with the Serbian Business Registers Agency (SBRA) and classified as entrepreneurs or micro, SMEs, in line with the law which governs accounting
Benefits of loans with a state guarantee
The main benefits of loans with a state guarantee are favorable interest rates, but also the fact that placements can be placed without collateral.
Mitigate the negative effects of the Covid-19 pandemic and support the Serbian economy by maintaining current liquidity levels and financing the purchase of goods / working capital.
Maximum individual loan amount
- 25% of the 2019 revenue, based on the annual statement of accounts for 2019 (for statistical purposes)
- Up to EUR 3 million
The total amount of the guarantee scheme-secured loan
The loan amount of guarantee scheme-secured loans totals RSD 240 billion (approx. EUR 2 billion).
One billion euro of these guarantees (50% of the total guarantee scheme) shall be disbursed depending on the market share of domestic banks.
The remaining one billion euro shall be disbursed on a ‘first come, first serve’ basis.