ESIF Micro Loan

Instrument feature/

Program title

ESIF Micro Investment Loan
Target group

·         Micro economic operators

·         Small economic operators

·         Natural persons - at the time of applying for a loan they do not have a registered own economic entity - if the loan is approved, it is necessary to register an economic entity because the Loan Agreement is contracted exclusively with a registered economic operator.

Amount From EUR 1,000.01 to EUR 25,000
Interest rate* 0,1% - 0,5%
Grace period Up to 12 months if the repayment period is a minimum of 2 years
Repayment period Up to 5 years, including the grace period
Collaterals Promissory note and other collaterals according to the risk assessment
Aid De minimis
Intended use

·         Fixed assets (tangible and intangible assets)

·         Working capital - up to max 30% of the loan amount

* Development index and indicators values for the development index calculation at a county level 2017

Financial instrument is not intended for:

Project activities:

  • VAT financing
  • existing liabilities refinancing
  • settlement of obligations incurred before the loan application’s receipt in HAMAG-BICRO
  • investments for personal purposes
  • construction or purchase of residential and commercial premises for sale or rent except for the purpose of carrying out the tourist activity performed by the applicant
  • purchase of equity interest in other entities
  • purchase of real estate and movables from related parties; related parties and undertakings are defined in accordance with Article 3 of Annex I to Commission Regulation (EU) No 1095/2010. 651/2014 of 17 June 2014 and International Accounting Standard 24
  • purchase of personal vehicles
  • purchase of business premises under construction

Business activities:

  • retail sale of automotive fuel in specialized stores (gas stations)
  • activity of taxi service and activity of cars and motor vehicles rental and lease (rent-a-car)
  • activity of road freight transport in accordance with Article 3 (2) of Commission Regulation (EU) no. 1407/2013 of 18 December 2013
  • trade activities
  • activities of publishing newspapers and other periodicals, activities of production and broadcasting of radio and television content, activities of news agencies as well as service activities of advertising and public relations agencies
  • activities of one or more restricted sectors in accordance with Annex 3 of Commission Implementing Regulation (EU) no. 964/2014 of 11 September 2014
  • agricultural and fishing activities and other activities and activities excluded by the applicable de minimis aid regulations (Commission Regulation (EU) No 1407/2013 of 18 December 2013 on the application of Articles 107 and 108 of the Treaty on the Functioning of the European Union to de minimis aid).