1<\/b><\/p>\n<\/div><\/div><\/div>General guarantees for major investments<\/h2><\/div>Up to EUR 1,250,000 of credit<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div>
2<\/b><\/p>\n<\/div><\/div><\/div>Guarantees for green \/ digital \/ circular economy projects<\/h2><\/div>Up to EUR 1,250,000 of credit<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div>
3<\/b><\/p>\n<\/div><\/div><\/div>Micro-guarantees
for working capital<\/h2><\/div>Up to EUR 200,000 of credit<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>
Purpose of financing<\/h2><\/div>SEF guarantees are intended for micro, small, and medium-sized enterprises to make it easier, faster, and cheaper to obtain bank loans for larger investments, including investments in digitisation, green energy, and the circular economy. They enable companies to obtain favourable credit conditions from banks, as they serve as a guarantee for the repayment of the loan, while reducing the need for the company’s own funds to secure the bank loan. <\/span><\/p>\nIn addition to a 60% or 80% SEF guarantee to secure a bank loan, companies are also entitled to a reduced interest rate and other favourable loan conditions from banks that cooperate with SEF. Guarantees are issued for loans that have been pre-approved by banks for larger investments \u2013 for loans up to EUR 1,250,000 or for working capital \u2013 for loans up to EUR 200,000. <\/span><\/p>\nThe aim of the guarantees is to strengthen the competitiveness of companies, enable the expansion of activities, improve the financing of working capital and encourage the development of green technologies and digital solutions to reduce energy consumption and the transition to a circular economy.<\/span><\/p>\n<\/div><\/div><\/div><\/div><\/div>Financing benefits<\/h2><\/div><\/div><\/div><\/i>Amount of bank loan<\/h3><\/div><\/div><\/div><\/div>Up to EUR 1,250,000 of credit for major investments or up to EUR 200,000 of credit for working capital. <\/p>\n<\/div><\/div><\/div>
<\/i>Lower requirements for securing a bank loan<\/h3><\/div><\/div><\/div><\/div>The SEF guarantee covers 60% or 80% of the value of the bank loan.<\/p>\n<\/div><\/div><\/div>
<\/i>Longer maturity of the bank loan<\/h3><\/div><\/div><\/div><\/div>From 1.5 years to 10 years for major investments, from 1.5 years to 5 years for working capital.<\/p>\n<\/div><\/div><\/div>
<\/i>Possibility of using a moratorium on loan repayment<\/h3><\/div><\/div><\/div><\/div>Up to 6 months for working capital, up to 24 months for investments.<\/p>\n<\/div><\/div><\/div>
<\/i>Lower interest rate<\/h3><\/div><\/div><\/div><\/div>6-month EURIBOR + margin, depending on the type of guarantee.<\/p>\n<\/div><\/div><\/div>
<\/i>80% coverage of loan costs<\/h3><\/div><\/div><\/div><\/div>The loan can cover up to 80% of the value of eligible project costs, the remainder of the coverage is own funds.<\/p>\n<\/div><\/div><\/div>
<\/i>No guarantee management and approval fees<\/h3><\/div><\/div><\/div><\/div>The loan can cover up to 80% of the value of eligible project costs, the remainder of the coverage is own funds.<\/p>\n<\/div><\/div><\/div><\/div><\/div>
Key characteristics<\/h2><\/div><\/div><\/div>1<\/p>\n<\/div><\/div><\/div>
Easier, faster and cheaper bank loans<\/h3><\/div><\/div><\/div><\/div>They enable companies to have easier access to the necessary financing, as guarantees reduce the risk for banks and thus contribute to more favourable conditions when taking out a loan.<\/p>\n<\/div><\/div><\/div>
2<\/p>\n<\/div><\/div><\/div>
Increasing the possibility of obtaining a loan for companies without sufficient collateral<\/h3><\/div><\/div><\/div><\/div>Guarantees enable companies that do not have enough assets to secure a loan to have easier access to financing, which is especially important for young companies or companies in the growth phase.<\/p>\n<\/div><\/div><\/div>
3<\/p>\n<\/div><\/div><\/div>
Ensuring liquidity and competitive positioning on the market<\/h3><\/div><\/div><\/div><\/div>With the help of guarantees, companies obtain the necessary funds to maintain liquidity, which enables them to operate more efficiently and be more competitive on the market.<\/p>\n<\/div><\/div><\/div>
4<\/p>\n<\/div><\/div><\/div>
Working capital or larger investments<\/h3><\/div><\/div><\/div><\/div>Guarantees can help companies obtain funds for working capital or investments (tangible and intangible), which enables further development, expansion or improvement of business operations.<\/p>\n<\/div><\/div><\/div>
5<\/p>\n<\/div><\/div><\/div>
Promoting investments in connection with digitisation, green energy and the circular economy<\/h3><\/div><\/div><\/div><\/div>Digitisation enables investments in advanced technologies (artificial intelligence, e-commerce, automation), Green energy enables investments in renewable sources, energy efficiency and sustainable projects, Circular economy \u2013 investments related to waste reduction, reuse of resources and recycling.<\/p>\n<\/div><\/div><\/div><\/div><\/div>
Financing takes place in two stages<\/h2><\/div>\n- \n
Step 1: Start the procedure at a commercial bank<\/b>
The company visits a commercial bank that cooperates with SEF and submits a request for a loan. In the explanation of the request, the company must state that it wishes to use the SEF guarantee as collateral for the loan. Based on this request, the bank verifies the company and issues a positive decision on the approval of the loan. <\/p>\n<\/li>\n- \n
Step 2: Public tender and obtaining a SEF guarantee
<\/b><\/span>Once the bank issues a positive decision, the company can apply for a guarantee with an interest rate subsidy through a SEF public tender. If the company successfully applies to the tender, SEF issues a guarantee that covers 60% or 80% of the loan collateral, while also ensuring more favourable loan conditions. <\/p>\n<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div>Stage 1<\/b><\/p>\n<\/div>The bank issues a loan<\/p>\n<\/div>
LOAN<\/p>\n<\/div>
up to EUR 1,250,000 of credit for investments<\/p>\n
up to EUR 200,000 of credit for working capital (medium-sized enterprises)<\/p>\n
up to EUR 100,000 of credit for working capital (micro and small enterprises<\/p>\n<\/div>
SME receives credit<\/p>\n<\/div><\/div><\/div>
<\/div><\/div>
business cooperation<\/p>\n<\/div>
<\/div><\/div>
positive bank decision on loan approval<\/p>\n<\/div>
<\/div><\/div>
SME<\/p>\n<\/div><\/div><\/div>
Step 2<\/b><\/p>\n<\/div>SEF issues a guarantee<\/p>\n<\/div>
GUARANTEE<\/p>\n<\/div>
for investments or working capital<\/p>\n
60% or 80% SEF guarantee for securing a bank loan<\/p>\n<\/div>
SME receives a guarantee<\/p>\n<\/div><\/div><\/div><\/div><\/div>