P7P 2023 | Loan for damage repair in the August 2023 floods

P7P 2023

Loan
from EUR 15,000 to EUR 100,000

Available funds
EUR 30 million

100% coverage of eligible costs

Product information

Call for proposals and documentation

Closed

to 20.12.2023

Purpose of the call

  • Fast and favorable returnable sources of financing for micro, small, and medium-sized enterprises
  • To provide favorable financing as assistance in repairing the consequences of the August 2023 floods on the economy

Funds available

  • EUR 30 million

Loan conditions

  • Amount of financing: from EUR 15,000 to EUR 100,000 loan
    (possibility to submit one application)
  • Financing intensity: 100% coverage of eligible costs
  • Repayment period:
    2-5 years for loans from EUR 15,000 to 50,000
    2–7 years for loans from EUR 50,001 to 100,000
  • Moratorium: 1 to 6 months
    (with the possibility of extension up to a maximum of 24 months)
  • Interest rate: annual fixed 0.5%
  • Collateral:
    8 promissory notes of the company for loans from EUR 15,000 to 50,000
    8 promissory notes of the company + personal guarantee for loans from EUR 50,001 to 100,000
  • No loan management and approval fees

Conditions for application

  • Main condition: the applicant suffered direct damage in the August 2023 floods
  • The loan amount does not exceed 40% of the value of net sales revenues achieved in 2022
  • The total amount of aid funds for eliminating the consequences of flood damage must not exceed the actual damage to the applicant
  • At least 1 employee for full-time employment
  • Company established before 1 January 2022
  • Credit rating at least SB8
  • The company must not be in difficulty / compulsory settlement, bankruptcy, or liquidation/
  • The company does not belong to an excluded sector
  • »de minimis«

Conditions for drawing credit

  • Drawdown: Purpose-bound and in a single amount
    (no later than 45 days from loan approval)
  • Method of repayment: monthly, in installments

Eligible costs

  • Tangible fixed assets (purchase of new machinery and equipment)
  • Costs of material and merchandise
  • Service costs
  • Charged related VAT on eligible costs

Period of incurrence of eligible costs

  • from 04.08.2023 to 31.05.2024

Tender deadlines and method of submitting the application

  • The application is submitted electronically via the Fund’s ePortal
  • The application can be submitted on the following application deadlines:
    • 09.11.2023 until 14:00
    • 20.12.2023 until 14:00
    • or until all funds are exhausted

Information for entrepreneurs

1. Tender and documentation

Publication of the public tender in Ur. l. RS No. 106/2023 of 13.10.2023:

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, they can add an authorized representative 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

  • Fund form – ePortal
    • Completion of the electronic form »Application for financing P7P 2023 – Loan for damage repair in the August 2023 floods« in the ePortal, which includes:
      • Questionnaire for determining the political exposure of a person
      • Questionnaire for determining connections with a high-risk country
      • Authorization for the needs of data verification at FURS
  • AJPES proof of credit rating S.BON-1 or eS.bon (online credit rating) for companies, sole proprietors, and cooperatives based on the annual report for 2022
  • Written evidence of the damage incurred: up to two photographs or a record of the damage incurred
  • For loan collateral (applies to loans requested from EUR 50,001 to EUR 100,000), it is necessary to enclose the appropriate documentation, namely:
    a) Loan collateral P7P 2023. The form is here.
    b) Statement of personal assets of the personal guarantor with annexes. The form is here.
    The annexes are as follows:

    • GURS real estate valuation (https://eprostor.gov.si/EV_JAVNI/) or real estate valuation by an authorized contractor, prepared at least in 2022
    • Land register excerpt(s) for the real estate.
      The statement with annexes must be completed for each guarantor separately, including the owner of the company (even if the latter has no assets).

4. Contact