Working capital loan is a short-term loan for specific purposes, which is meant to cover company’s operational expenses within a certain project. The loan is suitable for stock acquisition, purchase of single bigger consignement, short-term funding in entering into a new field of activity, planned short-term investment into fixed assets or covering other extraordinary expenses.
Disbursement of a loan amount will be performed as a single payment or by installments. Repayments of a loan be performed at the positive cash-flow of a company’s current economic activity as monthly payments, as an equal payments of the principal amount of a loan or as a bullet in the end of the loan period.
TERMS AND CONDITIONS
|Loan amount:||based on the customer’s risk limit|
|Term:||up to 2 years|
|Interest rate:||depends on the customer’s ability to repay the loan|
|Contract fee:||up to 1,5% from a loan amount, minimum 63.91 EUR|
|Collateral:||real estate, movable property, deposit, other collaterals accepted by the bank as an additional collaterals (an example surety)|
|Additional collateral:||additional guarantee up to 75% from the loan amount can be applied for from the Fund KredEx|