Credit for prefinancing

The credit covers the required company’s financing between the moment of payments made to the suppliers and that of collections from the management authority.

Beneficiaries

• SMEs, large companies and public businesses which will implement/are implementing projects co-financed from European/national  grants.

Characteristics

• the credit can cover up to 100% of the grant value,
• lending period is matched to the project implementation schedule.

Advantages

• assuring an additional liquidity by pre-financing the non-reimbursable amounts related to projects,
• the credit reimbursement is matched to the collection terms of non-reimbursable amounts.