RRF loans for extroversion

Based on 2 parameters

The final percentage of the investment plan that will be financed through a loan from the Recovery and Resilience Facility (RRF) depends on:

1. The percentage of expenditures in every investment category.
   
2. Whether it falls within 1 or more investment categories.

For tourism investments, you take out a loan for up to 40% regardless of the budget percentage. 

Up to 50% from the RRF

Digital transformation must be financed:

• 50% maximum through an RRF loan
• 30% minimum through a co-financing loan
• 20% minimum through investor own funds

With personal guarantees or collateral

The RRF loan may be secured with assets and/or guarantees, in line with our lending policy.

The same collateral is also used for the co-financing loan, according to the pari passu principle.

Lump-sum or multiple disbursements

The RRF loan and the co-financing loan may be disbursed in a lump sum or in multiple disbursements, depending on the progress of the eligible investment.

Minimum interest rate depending on business size

The minimum interest rate of the RRF loan is determined by ministerial decision:

• 0.35% for small and micro businesses
• 1% for medium-sized and large businesses

Due to the low interest rate of the RRF loans, the total interest for financing is very competitive.

From 3 to 15 years

The RFF loan term is 3 to 15 years, depending on the nature of the investment and our lending policy.

In case you are interested in project finance, the loan term may go up to 20 years from 1st disbursement. 

Up to 5 years grace period

You may get up to 3 years grace period to repay the RRF loan and the co-financing loan.

The grace period may be extended by up to 5 years, if the eligible expenditures take up more time.

For exports and tourism

The extroversion projects are split into 2 categories of investments:

• Exports
• Tourism

The eligible investments must be private.

Eligible expenditures

• Purchase, use (depreciation / leasing) and landscaping of land plots
• Purchase / construction and use of buildings (depreciation / leasing)
• Purchase / construction and use of equipment (depreciation / leasing)
• Purchase and use of vehicles (depreciation / leasing)
• Purchase / construction and use of intangible assets (amortisation / subscriptions)
• Payroll linked to the investment plan
• Travel / expense report
• Third-party services
• Consumables
• Operating expenses (communication, energy, maintenance, lease payments, administrative expenses, insurance etc.)
• Cost of capital
• Working capital (operating expenses, costs linked to the company’s transaction cycle, VAT, etc.)
• Marketing and communication expenses

Other eligibility criteria

For exports – The average of your existing exporting activities must be at least 15% of your turnover. This is calculated based on the financials of the last 3 years or, alternatively, on commercial transactions with countries abroad (international payments and foreign credit cards).

For tourism – Tourism investments must relate to elaborate tourist lodgings or tourist complexes that include at least 5 independent tourist villas.