Investment loan financed by the European Investment Bank

Beneficiaries

Small and medium-sized enterprises (SMEs) and public sector entities, especially local sel-f-government entities.

Definition of an SME

  • An autonomous company employing less than 250 staff (a company is regarded to be autonomous if less than a quarter of its equity is in the possession of other companies),
  • Another company holding over a quarter of the company’s equity, provided that the whole group does not employ more than 250 staff.
    The facility is also available to SMEs located in Regional Development zones, which SMEs are subsidiaries of large corporations.

    Purpose of the Loan

    The loan can be appropriated for the financing of Investment Projects concerning:

    • Environment Protection,
    • General Infrastructure,
    • Development of Knowledge-Based Economy,
    • Rational Use of Electricity,
    • Health Care,
    • Education.

    Costs eligible for financing

  • purchase of fixed assets, land or intangible assets (e.g. the cost of development, planning and finance in the construction phase),
  • permanent increase in working capital required for business expansion in consequence of the completion of the project. Working capital is defined as the value of raw materials, production in progress, stocks of finished products and net receivables (receivables less payables).
    It is also allowed to finance used fixed assets.

    Limits of finance

     

    • The total amount of finance should not exceed 50% of the eligible cost of the Project,
    • The Project cost may range from 40 TEUR to 25 MEUR, which means that finance allocated to a Project may range from 20 TEUR to 12,5 MEUR,
    • As regards individual Projects being sub-projects of large Projects or if existing Projects are expanded, the financing may reach 100% of the eligible costs of the sub-project, as long as they do not exceed 50% of the total cost of the Project,
    • The remaining part of the finance (the other 50% of the costs plus expenses non-eligible for refinancing from the EIB credit line) may be provided as a loan by the Bank or as subsidies from the EU,
    • Projects must be implemented within three to five years,

     

    Lending period

    Established individually

    Currency

     PLN; in individual cases finance in EUR may be provided


    Contact

    SMEs with turnover over 2MEUR
    Maksymilian Ossoliński – Mid-Cap Department
    e-mail: maksymilian.ossolinski@nordea.com
    tel: +48 22 581 33 56


    Public sector entities
    Ewa Wojciechowska – Public Sector and Project Finance Department
    e-mail: ewa.wojciechowska2@nordea.com
    tel: +48 58 669 11 34


     

     

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