The State Aid Fund for Business will provide financial aid for the maximum term of 6 years.
The loan amount may range from EUR 300 000 to EUR 2 million, while aid in the form of debt securities will be provided from EUR 1 million. Loans or bonds for one company shall not exceed 25% of turnover of the company in 2019; a subordinated loan for a large enterprise may not exceed 8.4% of its turnover in 2019 and for a medium-sized enterprise - 12.5% of its turnover in 2019. Investments in equity shall be made to the extent which would allow the company to continue its activities, without exceeding its pre-crisis capital.
Information on the criteria for financial aid provided by the State Aid Fund for Business is available here.
Yes. When applying for financial aid to the State Aid Fund for Business, having a written refusal of a credit institution to disburse a loan or a financing proposal of a credit institution made to the company to grant financing on extremely unfavourable terms shall be necessary.