Loan secured by fast guarantee of the SGDB

Do you need term or overdraft loan, but you do not have sufficient fixed collateral to gain the loan? The loan secured by fast guarantee of the Slovak Guarantee and Development Bank (SGDB) represents ideal solution for you.

The loan is designed for small and medium enterprises with annual turnover not higher than 33 mil. EUR, number of employees up to 250 and met criteria set by VÚB.

Advantages:

• fast and simple processing of the Loan Application (including the Guarantee Application) at one site – in VÚB premises

Loan parameters (related to bank guarantees):

Type of facility:

• term loan with up to 7 years maturity and bullet or gradual repayment
• overdraft loan with 1 year maturity and bullet repayment or gradual decreasing of the loan limit

Loan amount:

• within the range between 16 600 EUR and 340 000 EUR

Bank guarantee parameters:

• max. amount of bank guarantee is 55% of the loan principal
• max. 2 bank guarantees issued for one client
• bank guarantee fee pursuant to the SGDB and VUB Price List

Documents requested:

• Loan Application submitted in writing
• other attachments to the Loan Application depending on the loan amount and the type of type of business:
  • documents demonstrating business licence
  • financial statements
  • tax return or income tax return
  • table attachments to the Loan Application
  • Borrower’s declaration
• Guarantee Application submitted in writing
• written proposal for Mandate Agreement signed by the client