ProCredit Bank finances business development together with European Investment Bank
Bucharest, September 14th, 2011
ProCredit Bank offers, together with the European Investment Bank, financing of investment projects or permanent working capital for small and medium enterprises.The European Investment Bank supports eligible projects with 50% to 100% of the projects and ProCredit Bank assures the difference.
The value of financing reaches Eur 20 million. For funds from sources of the European Investment Bank, clients benefit of preferential interest rates and flexible guarantees through collaboration with the National Credit Guarantee Fund for Small and Medium Enterprises and with the Guarantee Fund for Rural Credit.
The loan is offered in Euro and has a maturity between 2 and 12 years, depending on the destination (acquisition of equipment, acquisition or construction of real estate or permanent working capital) and in accordance to the economic life period of the project.
At the same time, the facility allows clients that have project ongoing for less than 3 years to refinance loans from other financial institutions.
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