EU4Business - EBRD credit line
EU4Business - EBRD credit line to support small and medium sized enterprises
- EU4Business-EBRD credit line is a joint initiative of the European Union and the European Bank for Reconstruction and Development to support Georgian SMEs with no more than 249 employees access finance
- The programme includes investments in fixed assets.
- After the successful project verification, the company receives up to 15% of the loan value as a grant incentive, funded under the EU4Business initiative of the European Union.
Loans with standard repayment schedule | GEL | USD | EUR |
Loan interest rate | Fixed, indexed (refinancing rate, 6 Month TERM SOFR, EURIBOR) | ||
Nominal interest rate | From 10.50% | From 7.70% | From 7.00% |
Effective interest rate | From 11.96% | 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 18.43% | 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. |