LINE OF CREDIT FOR FINANCING THE PERMANENT CURRENT ASSETS OF MICRO-, SMALL- AND MEDIUM-SCALE ENTERPRISES THROUGH THE MBDP
Intended for financing the permanent current assets of the trade companies registered in the Republic of North Macedonia, more than 51 % of the capital of which is privately owned.
Advantages
- Amounts ranging from Euro 15,000 to Euro 300,000
- Loan repayment term up to 3 years
- A grace period of up to 6 months (included in the repayment period)
- Method of payment – quarterly or monthly
Criteria and collaterals
- Real estate mortgage
- Pledge of movables
- Executive bill of exchange in the form of a notary act
- Other instruments that the Bank deems acceptable
This Line of Credit prohibits and excludes financing of the following:
- Manufacturing and exports of weapons
- Games of chance and hazard games
- Activities that affect the environment and fail to meet environmental protection regulations
- Exports of wild or cloned animals
- Trade in harmful radioactive waste
- Projects involving exploitation forms such as forced labour and abuse of children
- Projects carried out in protected areas and regions of scientific interest
- Activities prohibited by international conventions concerning the protection of biological sources or cultural heritage