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EU Start-Up / Growth

EU Start-Up

SMEs operating up to 24 months

Guarantee between 10% and 80% of loan for all program types

Growth

SMEs operating more than 24 months

Guarantee between 10% and 50% of loan, except type E (max 70%)

Type A – Investments

Investments in long-term tangible and intangible assets with short-term assets up to 30% of loan

Type A1

Investments in tourism and manufacturing

Up to HRK 10,000,000

Up to HRK 18,000,000

Type A2

For all other purposes

Up to HRK 3,000,000

Up to HRK 7,500,000

Type B – Working Capital

Guarantee for dedicated loans only

At least 50% of the loan amount must be paid directly to the lender’s corporate bank account

 

 

 

 

 

Up to HRK 1,000,000

Type B1

For financing current business activities

Up to HRK 4,000,000

Type B2

For refinancing current business activities (repayment loan must have better conditions than the original loan)

Up to HRK 2,500,000

Type C – Innovations

Guarantee may be granted to SMEs which satisfy all of the following prerequisites:

  1. SME is in a possession of positive decision made by the Business Innovation Croatian Agency (BICRO) or may prove the market lacks intangible assets which are subject of the innovation
  2. SME must prove professional competency for carrying out an investment in intangible assets which are subject of the innovation
  3. SME has applied for patent recognition in Croatia / has started a process for industrial property protection in Croatia and abroad for tangible assets which are subject of the innovation

Guarantee may not be issued for the following types of investment costs related to investments in material assets: R&D activities, costs of studies, licensing and protection, incorporation costs.

Guarantee may be issued for the following types of investment costs related to intangible assets: R&D activities, costs of studies, licensing and protection.

Costs of salaries within this program are not considered to be an investment in short-term assets.

Guarantee may be issued for investments in long-term tangible and intangible assets, while short-term assets may constitute up to 30% of the loan.

Up to HRK 5,000,000

Up to HRK 7,000,000

Type D – Lease

Financial lease only

Lease of equipment, machinery and commercial vehicles (except the ones excluded by the HAMAG-BICRO Rules of Guarantee Issuance)

Own participation at least 20%

Up to HRK 1,500,000

Up to HRK 2,500,000

Type E – Performance Guarantees

Growth SMEs only (up to 70% of loan)

Guarantee may be issued to SMEs which are project coordinators, subcontractors or project coordinators / subcontractors which already have performance guarantee issued by a bank or Croatian Bank for Reconstruction and Development (HBOR) in which case HAMAG-BICRO gives a counter guarantee for up to 50% of the issued performance guarantee

 

N/A

Type E1 – Tender

Up to HRK 3,500,000, 5% of the project amount and 1-year maturity

 

N/A

Type E2 – Advance Payment

Up to HRK 9,000,000, 20% of the project amount and 1-year maturity

 

N/A

Type E3 – Performance

Up to HRK 9,000,000, 10% of the project amount and 3-year maturity

 

N/A

Type E4 – Quality of Works

Up to HRK 9,000,000, 10% of the project amount and 5-year maturity

 

These guarantee programs will be valid until 31 December 2018 with a possibility of extension.