Instrument implemented Risk-Shared Loans

What are the benefits?

The financial instrument Risk-shared loans financed by the European Regional Development Fund (hereinafter referred to as the “RSL”) will help reduce the price of financing business entities. Funds provided to the market will ensure the availability of financing sources to small and medium-sized enterprises and decrease the credit risk borne by the financial instrument manager. Preferential loans granted at prices lower than the normal market prices will promote lending to riskier projects, business execution and development.

What companies are eligible?

Small and medium-sized enterprises (SME).

Further information about the conditions and opportunities under the RSL financial instrument is available at the following credit institutions:

 

What is the maximum amount?

The maximum amount of the loan per SME is EUR 4 million, and the number of loans per SME is not limited. Funding can be provided in the form of a loan or credit line. When providing funding in the form of a loan, a loan may be granted for a period not exceeding 120 months and, in case of a credit line, for 36 months.

In case of providing funding under the RSL financial instrument, 45 % of the RSL loan/credit line is lent free of charge, i.e. by applying the annual interest rate of 0 %, and 55 % of the RSL loan/credit line is provided at the annual interest rate based on market conditions.

The total amount of EUR 63.46 million is earmarked for the implementation of the RSL financial instrument from the Business Financing Fund funded by the European Regional Development Fund.

How does it work?

The RSL financial instrument is based on the principle of lending. To implement this financial instrument, the funds allocated to the RSL financial instrument and the private funds of the RSL financial instrument manager are used by sharing risk with the proportion of 45:55, under which the RSL financial instrument manager contributes by 55 % of its own funds to 45 % of the RSL loan/credit line share. Funding under the RSL financial instrument is provided as de minimis aid under Regulation No. 1407/2013.

The RSL funds may be used for investments intended to finance investments and/or circulating assets of SMEs.

Funding under this financial instrument in the form of a loan or credit line is provided and required documentation is prepared by the RSL financial instrument managers in compliance with their internal procedures.