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
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.