P7K 2024 – Crisis Liquidity Facility: an opportunity for SMEs

The Slovenian Enterprise Fund has launched a new call for P7K 2024 – Crisis Liquidity Credit, which is aimed at small and medium-sized enterprises (SMEs) facing liquidity challenges due to crisis situations such as economic downturns, global crises or other unpredictable events.

Purpose of the call

P7K 2024 is designed to make it easier for businesses to access the finance they need to get through periods of crisis. The key objective is to preserve the viability of companies, stabilise their business and enable them to recover more quickly from the crisis.

Conditions for registration

To be eligible to apply, companies must meet the following conditions:

  • Company size: Small and medium-sized enterprises (SMEs) based in Slovenia.
  • Liquidity problems: companies that have suffered a loss of revenue or liquidity problems due to the crisis.
  • Credit rating: the company must have an adequate credit rating, which shows its ability to repay the loan.
  • Other conditions: the company must be registered in the Business Register of Slovenia and must not be in bankruptcy or liquidation proceedings.

Key features of the credit

P7K 2024 brings more benefits for SMEs:

  • Loan amount: companies can obtain a loan of between €10,000 and €100,000, which allows flexible adaptation to specific needs.
  • Interest rate: the interest rate is fixed at 6-month EURIBOR + 0.35%, which represents very favourable conditions compared to market interest rates.
  • Term: the loan is available with a repayment term of up to 5 years, giving companies enough time to stabilise their business and repay the loan.
  • Moratorium: the possibility of a one-year moratorium on principal repayments allows companies to breathe easier in the first year after obtaining a loan.
  • Collateral: the loan can be secured by 5 blank bills of exchange and a notarial deed.

Purpose of the funds

Companies can use the funds received for various purposes related to stabilising their business and improving their liquidity situation:

  • financing working capital (e.g. inventories, materials, wages),
  • covering the costs incurred as a result of the crisis,
  • improving operational efficiency and restructuring the business.

Application procedure

The application process is quick and easy. Companies can apply via the Slovenian Enterprise Fund’s web portal, where all the necessary documentation is available. Applications are open until the funds are used up, so it is recommended that companies do not delay their application.

Conclusion

The P7K 2024 call is an excellent opportunity for SMEs in need of financial support to cope with the crisis. With flexible conditions, favourable interest rates and a simple application process, P7K 2024 is a key instrument to ensure stability and sustain business in unpredictable times.

For more information and application details, please visit the official website of the Slovenian Enterprise Fund https://www.podjetniskisklad.si/p7k-2-2024-krizno-likvidnostni-kredit/

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