P1 plus 2024 | Fund Guarantees for Bank Loans with Interest Rate Subsidies

Up to EUR 1,250,000 of bank loan for investments
Up to EUR 200,000 of bank loan for working capital

Allocated funds
EUR 66 million

60 or 80% guarantee SPS for securing a bank loan

Product information

Call for proposals and documentation

Information for bankers

Closed

to 15.10.2024

Purpose of the call

The purpose of the product is to enable micro, small and medium-sized enterprises to obtain bank loans more quickly, easily and affordably for the implementation of technologically more and/or less demanding projects, with an emphasis on supporting projects in the field of digitalization / green / circular economy.

Funds available

  • EUR 66 million

Publication of the call for proposals

  • April 19, 2024 in the Official Gazette of the Republic of Slovenia no. 34/2024

Amount of funding

  • 60 or 80% SPS guarantee for securing a bank loan
  • Up to EUR 1,250,000 of bank loan for investments
  • Up to EUR 200,000 of bank loan for working capital
  • 80% coverage of eligible costs, the difference being own funds

Possibility to submit 2 applications for different credit-guarantee lines.

Schematic representation of two-stage financing of SMEs. At the first stage, the bank issues a loan for investments or working capital (up to EUR 1,250,000 for investments, up to EUR 200,000 for working capital of medium-sized enterprises, up to EUR 100,000 for micro and small enterprises). After positive credit approval, at the second stage, the SPS issues a guarantee of 60 or 80 percent to secure the bank loan. The company receives a loan and a guarantee.

Credit guarantee conditions

  • Repayment period:
    • from 1.5 years to 5 years for working capital
    • from 1.5 years to 10 years for investments
  • Moratorium:
    • up to 6 months for working capital
    • up to 24 months for investments
  • Interest rate: 6-month EURIBOR + 0.35% to 0.85%
  • Loan security: Carried out by the bank in accordance with its terms and conditions
  • Guarantee security: The bank is authorized for the entire security procedure and the recovery procedure for the unpaid part of the principal and interest of the loan.
  • No guarantee management and approval costs, the loan approval fee is determined in accordance with the bank’s tariff

Credit – guarantee lines

Lines % guarantee Interest rate 6-month EURIBOR
A.1. General guarantees 60% 0.60%
A.2. Guarantees for projects
of green/digital/ circular economy		 80% 0.35%
A.3. Microguarantees 60% 0.85%

Conditions for application

  • Main condition: Positive bank decision on loan approval
  • Status of a micro, small or medium-sized enterprise with its registered office in the Republic of Slovenia
  • Organized as a sole proprietor, company, cooperative and institution, and social enterprise so.p.
  • At least 1 employee for full-time and less than 250 employees
  • Annual turnover does not exceed EUR 50 million
  • Balance sheet total does not exceed EUR 43 million
  • Credit rating at least D2 according to GVIN or rating at least 4 according to EBONITETE.SI
  • The company must not be in difficulty
  • The company does not belong to an excluded sector
  • “De minimis”

Eligible costs

  • Tangible investments (purchase of new machinery, renovation or purchase of a building, construction costs, purchase of land, etc.)
  • Intangible investments (know-how)
  • Working capital

Period of incurrence of eligible costs

from 1st 1. 2024 to 31st 12. 2025

Tender deadlines and method of submitting the application

The application is submitted electronically via the ePortal of the Fund.

The application can be submitted on the following application deadlines:

  • May 15, May 25, June 15, July 5, September 1, September 15, October 1, and 15th 10. 2024 until 2 PM
  • or until funds are exhausted

Information for entrepreneurs

1. Tender and documentation

Publication of the public call in the Official Gazette l. RS no. 34/2024 of 19th 4. 2024 and amendments in Official Gazette l. RS no. 35/2024 of 26th 4. 2024:

2. Registration and creation of a company in the ePortal

  • Before completing the application form, the applicant registers and creates a company profile
  • If the applicant needs assistance in preparing the application, he can add an authorized person who is also registered on the Fund’s ePortal
  • You can view the operation of the ePortal for submitting the application in the presentation video

3. Preparation of the application

  • Application form P1 plus 2024 – ePortal
  • Business/presentation plan with financial appendix:
  • Balance sheets/credit rating
    • Annual report for 2023
      • balance sheet, profit and loss account, submitted to Ajpes, on unified forms for state statistics;
    • S-BON-1 (Ajpes) for 2023
      • applicants can use the eS.BON form (online credit information) as proof of credit rating
    • for companies established in 2024: BON-2 (Ajpes) and accounting statements from the date of establishment of the company to the last day of the previous month, depending on the month of submission of the application to the Fund
  • Bank decision on loan approval, secured by an SPS guarantee
    • the applicant obtains it from one of the participating commercial banks with the Fund
    • you can find a list of participating banks here
  • Property valuation
    • if the applicant’s project relates to the purchase of business premises, it is necessary to enclose a valuation of the property by an authorized contractor, prepared at least in 2023

4. SPS contact persons for entrepreneurs

  • Boris Ritlop (02) 234 12 88
  • Jasna Kepnik (02) 234 12 42
  • mag. Boštjan Vidovič (02) 234 12 64 or by e-mail: razpisi@podjetniskisklad.si

Information for bankers

1. Forms for bankers

2. SPS contact persons for bankers

  • Aleksandra Kranjc Premec (02) 234 12 76
  • Petra Kujavec (02) 234 12 66