Promoting small and medium-sized enterprises with equity and debt ...

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Bank Loan Guarantee Line for SMEsThe bank loan guarantee line is a financial engineering model offeringcombination of different financial sources and multiplication of such sources as aresult of financial leverage. Under the bank loan guarantee line, the Fund offersdifferent forms of guarantees as collateral for bank loans intended for financingdevelopment investments and current operations of SMEs in Slovenia, namely:1. CLASSICAL GUARANTEES:• Development guarantees as collateral for bank loans intended forfinancing development & expansion investments,• Micro guarantees intended as collateral for bank loans for workingcapital,• Guarantees for new business as collateral for bank loans taken byenterprises registered less than 42 months.2. GUARANTEES FOR TECHNOLOGICAL PROJECTSGuarantees for technological projects are intended as collateral for bank loanstaken by enterprises cooperating closely with knowledge-based institutionsand transferring knowledge, new technologies and development processes intogrowing, market-oriented undertakings.loans collateralised by the Fund's guarantee represent also a cheaper source forenterprises.HOW DOES IT WORK:The enterprise shall visit one of the participating banks (the list of banks involvedshall be published in individual tenders) and apply for a loan indicating that theloan would be collateralised by the Fund’s guarantee. Upon a positive decisionof the bank, the enterprise shall submit an application to the Fund’s publictender. In case of a positive assessment, the Fund shall provide the enterprisewith 60 % to 80 % guarantee to collateralise the above-mentioned loan, and alower interest rate for the loan.GUARANTEES - CREDITSSLOVENE ENTERPRISE FUND2010 - 20133. COUNTER - GUARANTEES FOR REGIONAL GUARANTEE SCHEMESCounter - guarantees for regional guarantee schemes provide support forregional guarantee schemes operating in Slovenia and providing guarantees ascollateral for smaller bank loans taken by SMEs from their regions. The Funduses this product to ensure multiplication and linking of financial sources also atregional level, while ensuring also a uniform support in provision of favourablefinancial sources for SMEs in individual regions of Slovenia.AIM:The bank loan guarantee line is oriented in supporting the developmentinvestments aiming at ensuring faster growth of an enterprise, creating highervalue added per employee, replacing low value-added jobs by high value-addedones, and providing for successful transfer of development ideas to successfulmarket-oriented undertakings. Through approval of guarantees to collateralisebank loans and subsidized interest rates, the Fund eases borrowing by SMEs,as it takes the risk, improving thus financial standing of SMEs with banks, whilefinanciallinesfinancialinstrumentsfinalbeneficiariesguarantees fortehnologyprojectsguaranteesfor newbusinessparticipatingbankscreditguarantee - credit line SME2010 - 2013microguaranteesguaranteedevelopmentguaranteescounter-guaranteesfor regionalguaranteesschemesregionalguarantees schemesguaranteebanksSMESME SME SME SMESME SMESME SME SMESMESME SME SMESME SME SMESME SME SMESMESMESME SMESME SME SME SME SMEcredit2
Grant Line for SMEsUnder the grant line, the Fund offers grantsfor enterprise start-ups, where grants aim atencouraging establishment and launching ofinnovative and technology-oriented enterprises.AIM:Through this line, the Fund would like tosupport the target group of enterprises with ahigh development potential and at the mostvulnerable development stage. Namely, theirdevelopment potential is high, but it might besoon lost if no appropriate sources of financeare available. The Fund's grant can be acquiredby enterprises registered up to 18 months andlocated in technological parks and universityincubators, complying also with other tenderconditions.HOW DOES IT WORK:The enterprise shall apply for tender on grantsaimed at starting-up enterprises located inentities of innovative environment, where theapplication shall include the elements specifiedin the public tender. In case of a positiveassessment, the Fund shall provide the enterprisewith the above-mentioned grant in the form ofreimbursement of eligible starting expenses.GRANTSSLOVENE ENTERPRISE FUND2010 - 2013grant line SME2010 - 2013grants forstart-upsgrantSME SMESMESME SMEEquity Financing Line for SMEsIn 2010, the Fund is going to introducenew forms of SME financing, namelyimplementation of equity financing instruments.AIM:The Fund will implement the equity financingline through selected private owned venturecapital companies, which should be managedby independent venture capital managers.Selected private venture capital companies,which will also attract other private investors,increasing thus efficiency of investments andproviding for multiplication of public funds,will offer additional sources of equity financingin the form of venture and mezzanine capitalfor innovative and promising SMEs, providingthem with additional sources available fortheir development and growth, and easierand better access to foreign markets. Bysuch implementation concept on the equityfinancing line, the Government of theRepublic of Slovenia would like to acceleratethe development of equity capital market,formation of new venture capital companies,EQUITY FINANCINGSLOVENE ENTERPRISE FUND2010 - 2013mezzanineinvestmentcapitalmezzaninecapitalequity financeline SME2010 - 2013private venture capitalcompanies - PVCCSMEventurecapitalinvestmentventurecapitaland to increase the volume of venture capital supply for development &innovative enterprises with a potential of fast growth, on the Slovenian market.HOW DOES IT WORK:Equity financing instruments will be implemented through a public tender,inviting private venture capital companies, which comply with terms andcriteria of the tender, where such companies will acquire share of the Republicof Slovenia equalling up to 49 % of their total capital or a minimum of EUR1 million, respectively. These selected venture capital companies will be able toinvest the acquired funds, together with funds provided by private investors, asventure and mezzanine capital in promising, innovative and fast-growing SMEs.3
Page 1 and 2: www.podjetniskisklad.siFinancial En
Page 3: THE FUND'S VISIONThe Fund's vision
Page 7 and 8: PRODUKT LFPublic Tender: Equity Fin
Page 9 and 10: P1 2010Public Tender: Fund's Bank L
Page 11 and 12: Repayment periodCommission• Repay
Page 13 and 14: AimBeneficiariesExcluded enterprise
Page 15 and 16: AimBeneficiariesPurpose of investme
Page 17 and 18: AimInvolved institutionsimplementin

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