March 30 (SeeNews) - The Slovenian Enterprise Fund (SEF) plans to guarantee over 66 million euro ($71.5 million) in new loans for local micro, small and medium-sized (MSMEs) enterprises, the economy ministry said.
Companies will be able to apply for guarantees in the amount of 60% or 80% of the loan value, for financing in the amount of up to 1.25 million euro, with a maturity of up to ten years, the economy ministry said in a statement earlier this week.
The guaranteed loans will have a reduced interest rate equal to the six-month Euribor plus a variable part of 0.35 to 0.85 percentage points depending on the type of guarantee. With the issuance of the guarantee, the SEF intends to increase the possibility for obtaining a loan for those companies that do not have sufficient guarantees to secure it.
Companies can submit applications for with the SEF until October 15.
SEF is a public fund for financial support of Slovenian MSMEs, start-ups and scale-ups.
($ = 0.92267 euro)