VAT Loan Facility

Purpose of loan: non revolving loan for current activity payments

Beneficiaries: small and medium-sized enterprises that are to recover VAT from the Ministry of Finance

Loan value: maximum EUR 250,000, but no more than 90% of the approved VAT value to be reimbursed according to Ministry of Finance Inspection Report

Maturity: 3 months maximum

Loan repayment: interest is paid monthly, while the principal is paid in full upon maturity

Benefits:

• For loans up to EUR 50,000  no extra collateral will be required
• For amounts ranging between EUR 50,000 and 250,000 different types of collaterals are accepted: assignment of receivables, cash collateral, pledges, mortgages or guarantees provided by FNGCIMM and EximBank
•  Simplified documentation and quick decision
• Attractive interest rates and commissions