LINE OF CREDIT FOR THE DEVELOPMENT OF MICRO-, SMALL- AND MEDIUM-SCALE ENTERPRISES THROUGH THE DEVELOPMENT BANK OF NORTH MACEDONIA (DBNM)
Intended for financing the fixed assets (minimum 50 %) and current assets (maximum 50 %) 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 10,000 to Euro 500,000
- Loan repayment term of up to 11 years, including a grace period of up to 12 months
- Method of payment – quarterly or monthly
Criteria and collaterals
- Own share of minimum 15 %
- 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