Following the signing of agreements between the Ministry of Economy, Labour and Sport and SID Bank worth a total of one billion euros, SID Bank is presenting four new financing programmes for companies, which provide companies with concrete opportunities to access favourable sources of financing, both for investment and development, as well as for liquidity management in uncertain conditions.
The funds are intended for companies of all sizes – companies, sole proprietorships, cooperatives and private institutions – for research and development projects, investments, strengthening working capital and for managing special liquidity needs.
The total amount of funds is one billion euros, and the programmes allow for long-term financing with favourable conditions, the possibility of a moratorium, as well as the use of intellectual property as a form of collateral. More about financing at the link >>> and below.
Adapted to the needs of the economy
All programmes are based on a single financial framework that allows:
- long-term loans with favourable interest rates,
- the possibility of a moratorium for greater cash flow flexibility;
- flexible drawdown and repayment methods,
- the use of various forms of State aid (including de minimis and regional investment aid).
Four targeted funding programmes
Within the framework of the PS8 and PS9 loan funds, four programs have been developed that address the key needs of companies at different stages of business:
Developing and researching – credit for R projects
The programme is intended to finance research and development projects, including basic and industrial research and experimental development. Companies can obtain financing for the full value of the project (up to 85 percent), taking into account all project costs. Projects can start up to three years before the application is submitted and must end after the application is submitted. Loans are available from EUR 100,000 with a maturity of 2 to 12 years and the possibility of flexible drawing and repayment. More Registration >>>
I invest – credit for investment projects
The programme supports investments by enterprises in tangible and intangible assets, including the establishment of new business units, capacity expansion, diversification of production or significant changes in production processes. The value of the project shall include all costs in accordance with accounting standards. Loans are available from €100,000 up to 85 percent of the project value, with a single project not exceeding €50 million, with a maturity of 2 to 20 years and the possibility of a moratorium of up to half of the maturity. More Registration >>>
I’m growing – credit for fixed working capital
The programme is intended to finance a sustained increase in working capital requirements, in particular for companies that are growing or making investments and therefore need additional support for stable operations. The condition is that the company demonstrates growth in long-term assets. The loans are available from €100,000 to €5 million, with a maturity of 2 to 8 years, with the possibility of drawing down in several tranches and repaying in tailored instalments. More Registration >>>
I control – loan for special liquidity needs
The program is intended to quickly support companies in the event of unforeseen events and crisis situations, such as natural or industrial disasters, emergencies, hacker attacks or other external shocks beyond the company’s control. Such external events include, for example, the imposition of tariffs on imports into the United States and a sudden increase in the price of fossil fuels due to the closure of the Strait of Hormuz, or the cancellation of orders due to the restructuring of German automaker VW (if the company can justify the impact of such events on its business). It provides financing to manage liquidity risks and ensure stable operations. Loans are available from €100,000 to €5 million, with maturities ranging from 2 to 12 years and the possibility of a moratorium of up to half of the maturity. More Registration >>>
With the introduction of SID programmes, the Bank is transforming the announced financial mechanism into concretely accessible products that enable companies to launch investments faster, strengthen development activities and manage risks more effectively in an uncertain business environment.
Source: MGDŠ and SID Bank