Croatian Agency for SMEs, Innovations and Investments (HAMAG-BICRO) in cooperation with the Ministry of Economy and the Ministry of Finance, re-opened the Investment Loans programme from National Recovery and Resilience Plan (NRRP).
Entrepreneurs are available in total €10 million, and the funds are allocated until the allocation is used up, which means that the speed of the application will be crucial.
Basic terms and conditions of the loan
- Loan amount: to €100,000
- interest rate: 0,8% (fixed)
- repayment period: to 10 years
- Lunch: to 12 months (with a minimum repayment term of 2 years)
- free of charge for loan processing
The loan is primarily intended for investments, with the possibility of using up to 30% working capital.
What can the funds be used for?
Eligible investments shall include projects contributing to:
- green transition and energy efficiency;
- the digitalisation of business and the introduction of Industry 4.0;
- investments in new technologies, equipment and business capacity;
- construction, expansion or adaptation of business facilities.
The instrument aims to boost investments that strengthen the competitiveness and resilience of businesses, with a focus on the green and digital transitions.
Who can apply?
Loans are intended for small business entities which:
- operate in the Republic of Croatia,
- have at least one employee,
- duly settle their obligations;
- have no significant financial difficulties.
In addition, the project must be economically justified and comply with the EU "do no significant harm" principle.
Important notes
- Funds are allocated according to the principle "fast finger" (until the allocation is exhausted).
- Applications must be submitted exclusively online through the HAMAG-BICRO system.
- It is possible to achieve only one loan per entrepreneur.
- The loan cannot be combined with other NRRP financial instruments for the same project.
It is important to point out that the right to a loan is not automatic. The approval decision shall be made on the basis of an assessment of the viability of the project and the creditworthiness of the undertaking.
The full programme with detailed conditions, eligibility criteria, list of documentation and application instructions is available here.
