Risk-Shared Loans

What are the benefits?

The measure 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 Measure 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).

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 measure, 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 measure from the Business Financing Fund funded by the European Regional Development Fund.

How does it work?

The RSL measure is based on the principle of lending. To implement this financial measure, the funds allocated to the RSL measure and the private funds of the RSL Measure Manager are used by sharing risk with the proportion of 45:55, under which the RSL Measure Manager contributes by 55 per cent of its own funds to 45 % of the RSL loan/credit line share. Funding under the RSL measure 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 measure in the form of a loan or credit line is provided and required documentation is prepared by the RSL measure managers in compliance with their internal procedures.