The Garantiqa Hitelgarancia Zrt. (hereafter: Garantiqa) offers a unique guarantee in the framework of the European Investment Fund (EIF) COSME programme (Programme for Competitiveness of Enterprises and Small and Medium-sized Enterprises) to companies qualified as small and medium sized-enterprises according to Act XXXIV of 2004 (SMEs). Its purpose is to give loans to those viable SMEs, which could not get a loan due to their higher risk or the lack of the coverage required by the financial institution.
The Garantiqa grants fixed 85% or fixed 90% guarantee in the framework of COSME programme for the loans of SMEs. This guarantee has no state aid content, so it is also available for enterprises having used all of their subsidy limit, furthermore for agricultural or exporting companies also without any limitation.
To companies qualified as small and medium sized-enterprises and registered in Hungary which
- up to 250 million Hungarian forint loan amount the maximum value of the collateral ratio has to be 20% if no private person surety or intragroup corporate guaranteeor is involved, if there is also a private surety or intragroup corporate guarantee among the collaterals, other collateral cannot be involved;
- if the loan amount is more than 250 million Hungarian forint the collateral ratio can be maximum 40%,
For further information about Garantiqa Hitelgarancia Zrt.’s services, business regulation and tariffs, please visit their website at www.garantiqa.hu
If you have any questions, please feel free to ask your contact person at the bank, or our colleagues at one of our many bank branches. Further information about our bank and products is available on our website www.unicreditbank.hu.
UniCredit Bank Hungary Zrt.
This information should not be considered an offer. The Bank reserves the right to change the conditions. UniCredit Bank reserves the right to make decisions on an individual basis regarding loan disbursement/issuance of bank guarantee and on the amount and conditions thereof, based on the loan/bank guarantee application and documents submitted.