Complex projects can be financed with one or several loans with a cumulative value of up to EUR 3 million per company. The investment projects should improve the competitiveness of the company in any market and achieve compliance with one or more of the EU Directives in the field of environmental protection, energy efficiency, workers’ safety, product quality and safety. Upon successful completion, complex loans receive a grant cash-back of up to 15%.
Complex loans are for businesses in any sector (industry, transport, services etc.), and especially those seeking to:
The applicant fills out an CP Application Form , which will be checked by the Project Consultant for eligibility
Assuming the applicant also meets with the Banks’ usual credit worthiness criteria for such a loan, the applicant is requested to sign a letter of engagement
The Project Consultant will help the applicant prepare an Investment Plan . This takes ca 15-20 days from the time when the consultant receives all requested information from the applicant
Once this is received the Partner Bank finalises the loan agreement with the applicant including conditions/recommendations and loan terms
The applicant implements the project and sends the filled in CVR Check list to Project Consultant who forwards it with the Investment plan to the Verification consultant
The verification Consultant carries out an onsite check to make sure the project complies with the agreed parameters
If the outcome is positive the 15% grant incentive is transferred to the applicant’s account.