SME

Small and Medium Enterprises Financing

Working Capital

SCF-COVID1

Credit line for reducing the impact of COVID-19 on the economy

Purpose of the credit line:
Providing financial support to legal entities aiming at reducing the consequences of Coronavirus COVID-19.

Loan Conditions:
• Repayment period: up to 2 years with 6 months grace period included
• Purpose: working capital and liquidity
• Method of repayment: quarterly
• Interest rate: 0% annually
• Amount: The maximum credit amount which will be approved to the borrower may not exceed MKD 1,845,000, and the minimum credit amount may not be less than MKD 184,000, thereby
1. the approved credit amount to companies with up to 10 employees may not exceed MKD 307,500;
2. the approved credit amount to companies with 11 to 50 employees may not exceed MKD 922,500;
3. the approved credit amount to companies with 51 to 250 employees may not exceed MKD 1.845,000

NOTE: The information on number of employees is taken from the Income Statement for the last fiscal year. In case such data does not exist, the applicant should submit a statement under full moral, material and criminal responsibility for the number of employees as at 31.12.2019.

Who can apply:
Eligible borrowers will be companies which are active in the class of activities from the List of classification of activities subject to financing from NCA (pursuant to the predominant activity of the company-Attachment 1) and fulfill the following criteria:
1. to be registered in the Republic of North Macedonia;
2. at least 51% are in private ownership;
3. do not have unpaid taxes and benefits unless they have been granted deferred payment of taxes and benefits in
accordance with special regulations and regularly pay them;
4. no bankruptcy or liquidation proceedings are instituted against them;
5. have been operating for more than 6 months and have submitted an annual account to the Central Register;
6. according to the financial statements for the last fiscal year, there is principal and reserves (stated in the balance
sheet) not less than 50% of the loan amount applied for;
7. according to the NBRMS Credit Registry data, as of January 31, 2020 are classified as better or equal to B
(average risk calculation is performed) or have no credit exposure;
8. the indicator of the company level of financial indebtedness should be less than 4 and is calculated as a ratio
between total liabilities from loans / principal and reserves.
The indicator is calculated on a balance sheet basis from the last fiscal year;

NOTE: The criteria referred to in paragraph 1, indents 8 and 9 above shall not apply to a sole proprietor.

Where to submit the loan application and other documents:
The application can only be sent electronically, directly to the DBNM at the email address: This email address is being protected from spambots. You need JavaScript enabled to view it..

Required Documents:

1. Loan Application (DBNM Form),
2. Application for registration of a client-legal entity (DBNM Form),
3. Company information from the Central Registry of the Republic of North Macedonia,
4. Annual statement (as of 31.12.2019),
5. Proof from the Public Revenue Office that there are no due and unpaid taxes and benefits to the country,
6. Proof from the Central Registry of RNM that there are no bankruptcy and liquidation proceedings instituted against them ,
7. ZP Form,
8. Statement for connected persons/entities (DBNM Form),
9. Statement on existence of the capacity holder of public functions (DBNM Form),
10. Statement for verification of credit exposure (DBNM Form).

Annex 1
List of activities from NCA which are eligible to apply

Group	Section
49.10	Passenger rail transport, interurban
49.41	Freight transport by road
52.21	Service activities incidental to land transportation
52.24	Cargo handling
52.29	Other transportation support activities
55.1	Hotels and similar accommodation
55.10	Hotels and similar accommodation
55.2	Holiday and other short-stay accommodation
56.1	Restaurants and mobile food service activities
56.10	Restaurants and mobile food service activities
56.29	Other food service activities
56.3	Beverage serving activities
79.1	Travel agency and tour operator activities
79.11	Travel agency activities
79.12	Tour operator activities
49.31	Urban and suburban passenger land transport
49.39	Other passenger land transport n.e.c.
50.3	Inland passenger water transport

Lending Division contact phone:

02/3115-844, extension: 209, 105, 224, 123, 255, 225,115

ICL Revolving

Financing Permanent Working Capital from ICL Revolving Fund

The bilateral cooperation between the Governments of the Republic of North Macedonia and the Republic of Italy resulted in signing of the Financial Convention for approval of a commodity credit line in an amount of EUR 12.7 million.
The credit line was completely utilized and closed by 2007. A Revolving Fund was established by the repaid funds which are used for financing of working capital.

Loan Beneficiaries
Beneficiaries of the loans from the Revolving Fund shall be small and medium-sized companies from the Republic of North Macedonia which are 51% privately owned.

Purpose of Loans
Revolving Fund loans shall be used for financing of permanent working capital.

General Terms and Conditions

Purpose:	Financing working capital
Amount per project:	Minimum amount: EUR 50,000 Maximum amount: EUR 400,000
Repayment period:	Up to 3 years, grace period of 6 months included
Interest rate for the final borrower:	6% p.a.
Final borrower:	Companies over 51% in private ownership
Bans and exclusions:	Financing of: Production and export of weapons Gambling and betting activities Activities which have adverse impact on environment Cloning
Collateral:	Mortgage of property Pledge on movables, receivables, securities, insurance by DBNM Other customary collateral

Required Documents
1. Loan Application
2. Company information from the Central Registry of the Republic of North Macedonia
3. Copy of the proof for ownership of the offered collateral and its evaluation
4. Annual statements for minimum of the last two years
5. Business Plan / Investment Programme
6. Other documents in compliance with the business policy of the commercial bank

Intermediary Banks

HALKBANK AD SKOPJE
Credit Depart.: 02/3240-844
Operator: 02/3240-800
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.halkbank.mk/

SPARKASSE BANK Macedonia AD SKOPJE
Contact Center: 02/3200-520
Operator: 02/3200-576
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.sparkasse.com.mk/

KOMERCIJALNA BANKA AD SKOPJE
Credit Depart.: 02/3168-504
Operator: 02/3168-168
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.kb.com.mk/

NLB BANKA AD SKOPJE
Credit Department: (micro) 02/510-949
(SME) 02/5100-638
(large companies) 02/5100-836
Call Center: 02/15-600
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.nlb.mk/

PROCREDIT BANK AD SKOPJE
Credit Depart.: 02/3219-927
Operator: 02/3219-900
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.procreditbank.com.mk/

STOPANSKA BANKA AD BITOLA
Credit Depart.: 047/207-522
Operator: 047/207-500
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.stbbt.com.mk/

STOPANSKA BANKA AD SKOPJE
Credit Depart.: 02/3295-524
Operator: 02/3295-295
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.stb.com.mk/

UNI BANK AD SKOPJE
Credit Depart.: 02/3286-025
Operator: 02/3286-100
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.unibank.com.mk/

TTK BANK AD SKOPJE
Credit Depart.: 02/3236-456
Operator: 02/3236-400
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.ttk.com.mk/

CENTRAL COOPERATIVE BANK AD SKOPJE
Credit Depart.: 02/3249-360
Operator: 02/3249-302
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.ccbank.mk/

DBNM

Financing Permanent Working Capital from DBNM funds

PurposeofLoans
Loan funds shall be used to provide support to the enterprises in permanent working capital.

Loan Beneficiaries
Potential beneficiaries shall be companies which are more than 51% privately owned and which are registered in the Republic of North Macedonia.

Purpose of Loans
Financing of working capital.

General Terms and Conditions

Purpose:	Purchasing working capital
Loan amount	Minimum amount: EUR 30,000 Maximum amount: EUR 300,000
Repayment period:	Up to 3 years, 6-month grace period included
Fixed interest rate for the final borrower:	6,5% p.a.
Variable interest rate for the final borrower:	3,75% p.a. (at the moment)
Final borrower:	Companies more than 51% privately owned
Manner of repayment:	Monthly repayment, quarterly repayment, semi-annual repayment or repayment according to a plan which is specifically fixed and defined in advance
Priority final borrower:	Entities which have enhanced their work and export in the current year Entities which have invested in modernization, energy saving and environment protection Entities which have increased the number of employees Entities which have good market competitiveness (operating income larger than operating expense, current liquidity higher than 0.8)
Bans and exclusions	Projects for: Production of weapons Gambling and betting activities Activities which have adverse impact on environment Cloning

Required Documents
1. Loan Application and Business Plan / Investment Programme
2. Company information from the Central Registry of the Republic of North Macedonia
3. Copy of the proof for ownership of the offered collateral and its evaluation
4. Annual statements for minimum of the last two years
5. List of largest debtors and creditors to the final borrower
6. List of the management bodies’ members, size of company, number of employees, parts of the entity in the country and abroad