EKO Loan for Legal Entities - EKO Solution
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About the loan
The main characteristics of the loan for other needs in permanent working capital is a maturity of up to 84 months, with a grace period of up to 12 months. This loan is used to secure permanent working capital (raw materials and supplies, overhead costs, operating costs, other costs, receivables from customers, etc.).
Approval Conditions | |
|---|---|
Maturity | up to 84 months |
Grace Period | up to 12 months |
Repayment Method | In accordance with the contract, in instalments, seasonal |
Purpose | For other needs in permanent working capital |
Collateral | Promissory notes/mortgage/guarantee/pledge/deposit/other |
Terms
In addition to the standard, the Client is required to submit the necessary documentation to document the purpose of the loan (copies of invoices/pro forma invoices, etc.), i.e. the loan funds will be used strictly for the following purposes:
- Improving the energy performance of business facilities
- Reducing energy consumption and overall costs through the installation of a highly efficient heating/cooling system, and through the implementation of smart energy management solutions, and then through the installation of a solar system
- Contributing to reducing CO2 greenhouse gas emissions
- Ensuring the conditions for the use of renewable energy sources in the economic sector, etc.
After implementing measures to improve energy efficiency, it is necessary to submit a report on the expert supervision as evidence of the work performed. The deadline for the implementation of the works cannot be longer than 12 months (however, for works on facilities in the southern region, due to the construction ban during the summer tourist season, the deadline may be extended for the duration of the ban).
Loan beneficiaries can submit a request for co-financing of the implementation of measures to improve energy efficiency and increase energy production from renewable sources by the EKO Fund - the Environmental Protection Fund, provided that the contractor of the works in question should be assessed by the EKO Fund as a qualified contractor in order to sign a Business Cooperation Agreement for the implementation of the project.