New calls from the AP Vojvodina Development Fund for legal entities and entrepreneurs

On 17.01.2017., new calls for applications from the AP Vojvodina Development Fund were approved, namely:

For legal entities and entrepreneurs:

· Call for long-term loans for investment;
· Call for long-term loans for permanent working capital;
· Call for short-term working capital loans;
For Registered Agricultural Holdings:

· Call for long-term agricultural loans;
· Call for long-term loans to purchase agricultural land;
· Call for short-term loans for agricultural working capital;
For local government:

· Call for short-term loans to pre-finance the implementation of projects co-financed by the European Union and bilateral donors
· Call for long-term loans for investment in the outfitting of employment, business and agro-industrial zones through co-financing with local governments

The following stand out among the new conditions:

1. Reduced ratio of required mortgage value to loan amount
– 1,5 : 1 if the collateral is agricultural land
– 2 : 1 if the security is real estate or building land
2. The option of a manual lien on newly purchased power-driven machinery when lending to registered agricultural holdings
3. Reduced minimum requirements for all calls
4. Reduced loan application processing fee (from 10.000,00 dinars to 5.000,00 dinars)

The new calls apply from the date of adoption.

The required documentation is available at the Fund’s website.