Business News

Enterprise Fund to Distribute EUR 50m in Guarantees to SMEs

Ljubljana, 30 May (STA) - The Slovenian Enterprise Fund has called for applications as part of two public calls in which it will distribute EUR 50m in guarantees to micro, small and medium-sized companies for financing operating capital and technological development.

The first public call includes EUR 28m in guarantees which companies can use for raising operating capital for projects aimed at bolstering their competitiveness and market position, the fund said in Friday's statement.

The guarantees will allow companies to obtain favourable loans in cooperation with several commercial banks participating in the project. Companies have until 15 December to apply for the guarantees.

The second call, which is open until 5 September, will see the fund distribute EUR 21m in guarantees to micro-through-medium companies for technological and development solutions.

It is predominantly targeted at companies which work with research institutes and have participated in national or international calls for research and development projects, the Enterprise Fund said.

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