Initio
What?
- Interest rate = 3% the first year; interest rates equivalent to the BEPR for the remaining period
- Subordinated loan
- Period of 3, 5 or 7 years, according to the nature of the project
- Possibility of a period of capital repayment grace of 1 year, according to the nature of the project.
- No guarantee for a private individual, guarantee of the active partners in the event of a Small Enterprise with legal personality
- Maximum €100,000, limited in addition:
- 50% of the total amount of the investment (the balance must consist of own contribution and bank credit)
- Five times the amount of the own contribution
- Initio benefits from a guarantee under the European Community’s Framework Programme For Competitiveness And Innovation
How?
You can apply for an Initio loan by using the credit application form under Forms. This form is intended for the credit applicant and should be completed with the help of an IPCF-approved accountant (tax expert), an external IEC-approved chartered accountant or an IRE-approved company auditor.