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 groupMicro, small and medium-sized economic operators in culture and creative industries
Maximum guarantee amountEUR 800,000
Guarantee rate100 %
Interest rateUp to 2%
Loan purposeWorking capital
Minimum guarantee duration1 year
Maximum guarantee durationUp to 5 years including the grace period
Guarantee coverage100% of the loan amount (loan principal and regular interest)
Application processing fee0.1% of the guarantee amount
Loan grace periodUp to 12 months if the repayment period is no less than 2 years.
CollateralsEntrepreneur’s debenture
Bank collateralsEntrepreneur’s debenture
AidAid under the Provisional Framework on State Aid adopted by the Commission
Program implementation deadline31.12.2021.