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InnovFin Guarantee Programme

ProCredit Bank offers investment and working capital loans to companies under the InnovFin Programme. By providing guarantees, the Programme aims to support the financing of innovations for SMEs.

Amount

From EUR 25 000 - up to EUR 7.5m

Currency

GEL / EUR / USD

Interest rate

preferential interest rate

Fees

as per the bank’s Price List for legal entities

Collateral

50% less collateral is required

Under the InnovFin Programme ProCredit Bank offers loans to:

  • enterprises focused on research and development activity
  • enterprises which have been operating on the market for less than 12 years and their workforce or turnover has increased by at least 20% p.a. over a three-year period
  • enterprises which have been operating on the market for less than 7 years and their R&I costs represent at least 5% of their total operating costs
  • small and medium enterprises initiating innovative investments (e.g. the introduction of new or significantly improved products, goods and services; important changes in the production process; innovations in the form of production organization as well as new marketing methods and concepts)

The InnovFin Programme provides financing, which results in increased competitive advantage and efficiency, reduced costs and improved workplace satisfaction.

Final Recipient Transaction is supported by the InnovFin SME Guarantee Facility, with the financial backing of the European Union under Horizon 2020 Financial Instruments and the European Fund for Strategic Investments (EFSI) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing.

Loans with standard repayment schedule

GEL

USD

EUR

Loan interest rate

Fixed, indexed (refinancing rate, 6 Month TERM SOFR, EURIBOR)

Nominal interest rate

From 13.5%

From 7.70%

From 7.00%

Effective interest rate

From 15.29%

From 9.03%

From 8.30%

Effective interest rate in case of a 3% index increase in USD and EUR / 5% index increase in GEL

From 21.24%

From 12.94%

From 13.07%

Effective interest rate in case of 15% depreciation of the foreign currency

N/A

From 28.04%

From 28.45%

Loan disbursement fee

From 0.20%

Cash withdrawal fee

0.20%

0.30%

0.30%

Real property mortgage registration fee

GEL 158 per property

Real property mortgage cancellation fee

GEL 158 per property

Prepayment fee/refinancing fee on different bank loan

For fixed rate:

No more than 0% of the amount paid to cover the principal balance of the loan if there are 0 to 6 months left before the expiry of the agreement.

No more than 0.5% of the amount paid to cover the principal balance of the loan if there are 6 to 12 months left before the expiry of the agreement.

No more than 1% of the amount paid to cover the principal balance of the loan if there are 12 to 24 months left before the expiry of the agreement.

No more than 2% of the amount paid to cover the principal balance of the loan if there are more than 24 months left before the expiry of the agreement.

For indexed rate:

0% if less than 6 months are left before the loan expiry.

0.5% if more than 6 months are left before the loan expiry.

Apply now! Submit a loan application.

Do you have any questions?

Call us at 220 22 22