FINANCIAL INSTRUMENTS
Loan Guarantees in the field of culture and creative industries
Conditions defined by the program:
| Feature /product (financial instrument) |
Loan guarantee program for entrepreneurs active in the field of culture and creative industries |
| Target group | Micro, small and medium-sized economic operators in culture and creative industries |
| Maximum guarantee amount | EUR 800,000 |
| Guarantee rate | 100 % |
| Interest rate | Up to 2% |
| Loan purpose | Working capital |
| Minimum guarantee duration | 1 year |
| Maximum guarantee duration | Up to 5 years including the grace period |
| Guarantee coverage | 100% of the loan amount (loan principal and regular interest) |
| Application processing fee | 0.1% of the guarantee amount |
| Loan grace period | Up to 12 months if the repayment period is no less than 2 years. |
| Collaterals | Entrepreneur’s debenture |
| Bank collaterals | Entrepreneur’s debenture |
| Aid | Aid under the Provisional Framework on State Aid adopted by the Commission |
| Program implementation deadline | 31.12.2021. |
