Getting a funding in currency / lei on medium and long term in advantageous interest conditions and flexible guarantees

Supporting SMEs/enterprises with average market capitalization regarding the creation/keeping of the work places for young people, as well as the stimulating of their professional growth by providing funding with interest with at least 0,1 p.p. below the prevailing interest of the Bank for EIB products

Support for identifying of the most appropriate funding solutions

The funding of the start-ups is, also, accepted

The independent business with up to 3.000 employees are, also, financed

The loan repayment at maturity which can be set up, in agreement with the beneficiary, depending on its specific activity: monthly, quarterly or semester

The funding of large investments (total cost of the project up to 25 mil. Euro)

The possibility of using credit to finance access projects of European-funds

Giving free information specific to the management of European post-accession funds

The guarantees constitution can be made gradually as the draw of the credit

It can be constituted as guarantee, also, the purchased/made goods from the European funds, for the operational programs which permit this thing

Support for resolving the problems occurred in any phase of the project

The possibility of using the Internet Banking service provided by Bank
Loan destination
Funding of the investments projects according to eligible NACE codes;
Loans for access projects of European-funds can be financed from EIB sources. In the case of loans for European funds granted by EIB, the value of the loan contract and potential EU grants cannot exceed 100% from the investment cost (defined as the total cost of the project), under any circumstances.

Eligible customers:
The independent SMEs defined according to Law no. 346/ 2004 with subsequent changes and completions, namely those enterprises which perform the following conditions: 
- they have an annual employees number under 250 
- they achieve  an annual net turnover up to 50 million euro, equivalent in lei, or they own total assets which do not exceed the equivalent in lei of 43 million euro, according with the last approved financial situation.  
- an enterprise is an entity engaged in an economic activity, regardless the legal form of incorporation. There are eligible the societies established as limited liabilities companies, joint stock companies, freelancers, sole proprietorships, family business.

For providing loans to the companies which develop projects with young staff, it is necessary for them to meet one of the following conditions:
- SMEs have an employee/intend to hire a young person (5 young persons in case of the companies with average market capitalization) for the last/ following 6 months, or  
- The company is owned (over 50%) by a young person or its administrator is a young person, or
- The company offers vocational training for young people or internship/ programs of training for young people, or 
- The company has an active cooperation agreement with a technical college or school or university of youth employment. A young person is defined as a human being between 15 and 25 years old at the date on which he/she benefits from employment/ training/ internship.

Crediting period: min. 2 years – max. 12 years; the crediting term cannot exceed economic and technical lifetime of the project.

The grace period: max. 4 years (it will be correlated with the project implementation period and crediting period)

Drawing period: It will be established by Bank in agreement with the Beneficiary and will be written down in the loan agreement.

Loan value: max. 100% from the eligible cost of the investments project (the total cost of the project will not exceed equivalent of 25 mil. Euro). The loan value will not exceed the amount of 12,5 mil Euro or equivalent. Large investments (for which the total cost of the project exceeds 25 mil. Euro) can be, sometimes, composed of several independent parts. If each part is viable economically and technically through itself and does not depend on the realization of another phase, EIB may fund each part separately, if the cost of the investment is below 25 mil. Euro. The value of the related EIB fund cannot exceed 50% from the investment cost of each part.

In case of providing a loan for the companies which develop project with young staff, the loan value will not exceed the amount of 5 million Euro, but the customer can access on the standard product the difference up to maximum 12,5 mil. Euro. The interest for the new component with young staff is with at least 0,1 p.p. below the prevailing interest of the Bank for EIB products.

Own contribution: min. 15% from the total value of the investment project.

Currency: EURO/LEI

Guarantees: Any guarantee or mix of guarantees of those accepted by Bank

Loan repayment: Maturity can be established, by agreement with the customer, monthly, quarterly or semester, depending on the specific activity of each customer
 
Getting a fund in currency/lei in conditions of advantageous interest and flexible guarantees

Supporting SMEs/enterprises with average market capitalization regarding the creation/keeping of the work places for young people, as well as the stimulating of their professional growth by providing funding with interest with at least 0,1 p.p. below the prevailing interest of the Bank for EIB products

The funding of the start-ups is, also, accepted

Giving free information specific to the management of European post-accession funds

The guarantees constitution can be made gradually as the draw of the credit

It can be constituted as guarantee, also, the purchased/made goods from the European funds, for the operational programs which permit this thing

Possibility of permanent reimbursement, throughout the entire validity period of the credit line

The possibility of using the Internet Banking service provided by Bank
Loan destination
- Working capital financing (revolving line);
- Loans from EIB sources can be granted, also, for European-funds access projects.

Eligible customers: independent SMEs defined according to law No. 346/ 2004 with subsequent changes and completions, namely those enterprises which perform the following conditions: 
- have an annual employees number < 250; 
- they achieve an annual net turnover up to 50 million euro, equivalent in lei, or they own total assets which do not exceed the equivalent in lei of 43 million euro, according with the last approved financial situation.
- an enterprise is an entity engaged in an economic activity, regardless the legal form of incorporation. There are eligible the companies established as limited liabilities companies, joint stock companies, freelancers, sole proprietorships, family business.

For providing loans to the companies which develop projects with young staff, it is necessary for them to meet one of the following conditions:
- SMEs have an employee/intend to hire a young person (5 young persons in case of the companies with average market capitalization) for the last/ following 6 months, or  
- The company is owned (over 50%) by a young person or its administrator is a young person, or
- The company offers vocational training for young people or internship/ programs of training for young people, or 
- The company has an active cooperation agreement with a technical college or school or university of youth employment. A young person is defined as a human being between 15 and 25 years old at the date on which he/she benefits from employment/ training/ internship.

Crediting period: 24 months, may be renewed for additional periods of 12 months (but not later than the repayment date by CEC Bank of the last loan disbursement to EIB).

Drawing period: The working capital line will work in revolving system. We do not accept cash payments. Until the first turnover, the customer will present documents.

Loan value: It will be established in accordance with the normal cycle of activity and will not exceed the amount of 12,5 mil Euro. In case of providing a loan for the companies which develop project with young staff, the loan value will not exceed the amount of 5 million Euro, but the customer can access on the standard product the difference up to maximum 12,5 mil. Euro. The interest for the new component with young staff is with at least 0,1 p.p. below the prevailing interest of the Bank for EIB products.

Value: EURO/LEI

Guarantees: Any guarantee or mix of guarantees of those accepted by Bank.

Loan repayment: The possibility of permanent repayment, throughout the entire validity period of the approved credit line upon the written request of the customer sent to the Bank in accordance with the contractual provisions or, after the first turnover, by automatic debiting of the amounts available in the current account/accounts, situation in which the customer expressly authorizes the Bank to perform cutting operations to the current account
Getting a funding in currency / lei on medium and long term in advantageous interest conditions and flexible guarantees

Support for identifying of the most appropriate funding solutions

The loan repayment at maturity which can be set up, in agreement with the beneficiary, depending on its specific activity: monthly, quarterly or semester

The possibility of the loan using for the financing of the European-funds access projects

The funding of large investments (total cost of the project up to 25 mil. Euro)

Giving free information specific to the management of European post-accession funds

The guarantees constitution can be made gradually as the draw of the credit

It can be constituted as guarantee, also, the purchased/made goods from the European funds, for the operational programs which permit this thing

Support for resolving the problems occurred in any phase of the project

Free consulting regarding the preparing of the loan access documentation by Local Public Authority

The possibility of using the Internet Banking service provided by Bank.
 
Loan destination: 
- investments projects financing 
- loans for European-funds access projects can, also, be provided from EIB sources.

Eligible customers: 
The public sector, defined as state institutions, local or regional public authorities, institutions under the authority of state, associations formed by one or more state agencies etc.

Institutions under the authority of state represent any body: 
- created with a specific purpose to support the general interest;
- having legal personality;
- funded mostly by state, local or regional public authorities or subject to the supervision of these institutions or with Board, management or supervision with more than half of the members appointed by state, local or regional public authorities or other institutions governed by the public authority.

Crediting period: max. 15 years

Grace period: max.  5 years

Drawing period: it will be established by Bank in agreement with the customer and will be written down in the loan agreement.

Loan value:
- maximum 50% from the eligible cost of the investments project;
- the project value will be between 40.000 and 25.000 Euro;
- in case the final beneficiary has a project funded by several banks, then, the cumulative value of the financings from EIB sources will not exceed 50% from the project cost;
- VAT cannot be included in the calculation of the project cost;
- in case of providing a loan for European funds projects implementation, the value of the loan from EIB together with the potential EU grant will not exceed 90% from the total cost of the project.

Customer’s own contribution represents minimum 15% from the total value of the investment project.

Currency: EURO / LEI

Guarantees: Any guarantee or mix of guarantees of those accepted by Bank.

Loan repayment: the maturity can be established in agreement with the customer, monthly, quarterly or semester depending on the specific activity of each customer.