Developers are now eligible for interest compensation
Developers who have attracted financing through Röntgen can take advantage of the opportunity to be compensated for up to 95% of the interest paid to investors.
According to the co-operation agreement signed between Röntgen and INVEGA (Agency supporting business in Lithuania) , representatives of small and medium-sized enterprises (SMEs) who have attracted funding through the crowdfunding platform Röntgen will be able to use the European Union (EU) financial support fund and recover up to 95% interest paid to investors.
New financing opportunities for growing businesses
Support is available for the developers of commercial property. Businesses that develop logistics, manufacturing, trading or administrative facilities will no longer need to convince banks of the success and benefits of the project to their business. The team, friends who believe the idea, partners and other small investors will be able to contribute to the project and ensure greater availability of the capital needed for the growth of the business at a very competitive interest rate. This is especially good news for small investors who are granted the access to an increasing range of attractive investments that before were available only to professionals.
Support scheme: "Partial Interest Refund"
Partial interest compensation is the provision of financial assistance from the European Union reimbursing part of the interest paid by the project developer. Business enterprises that receive financial support in the form of a non-refundable subsidy can decrease the burden of attracting funding, reduce costs and facilitate business planning easier.
The total amount of 21 721 502 EUR of the European Regional Development Fund has been allocated for the implementation of the partial compensation measure.?
Why is it useful?
- Interest on borrowed funds is partly compensated for the business.
Who can apply?
- SME representatives with a loan agreement.
How much?
- Compensation from 50 to 95 % from the amount of actual interest paid up to 36 months but not more than 7 % of annual interest.
Interest compensation intensity terms:
Vilnius, Kaunas and Klaip?da city municipalities | Other municipalities | |
SME, up to 5 years old | 80% | 95% |
SME, more than 5 years old | 50% | 95% |
Industrial companies (both SMEs and large companies) | 100% (up to 60 months) | |
Characteristics of SME-eligible companies*:
Company type | No. of employees | Financial data meets at least one of the following conditions: | |
Annual revenue, million € | Book value, million € | ||
Medium | <250 | 50 | 43 |
Small | <50 | 10 | 10 |
Very small | <10 | 2 | 2 |
* Not only the indicators of the declarant (enterprise declaring the status of an SME) are evaluated for the calculations above but also the relevant indicators of the companies related and affiliated to the declarant.
Developers are now eligible for interest compensation
Developers who have attracted financing through Röntgen can take advantage of the opportunity to be compensated for up to 95% of the interest paid to investors.
According to the co-operation agreement signed between Röntgen and INVEGA (Agency supporting business in Lithuania) , representatives of small and medium-sized enterprises (SMEs) who have attracted funding through the crowdfunding platform Röntgen will be able to use the European Union (EU) financial support fund and recover up to 95% interest paid to investors.
New financing opportunities for growing businesses
Support is available for the developers of commercial property. Businesses that develop logistics, manufacturing, trading or administrative facilities will no longer need to convince banks of the success and benefits of the project to their business. The team, friends who believe the idea, partners and other small investors will be able to contribute to the project and ensure greater availability of the capital needed for the growth of the business at a very competitive interest rate. This is especially good news for small investors who are granted the access to an increasing range of attractive investments that before were available only to professionals.
Support scheme: "Partial Interest Refund"
Partial interest compensation is the provision of financial assistance from the European Union reimbursing part of the interest paid by the project developer. Business enterprises that receive financial support in the form of a non-refundable subsidy can decrease the burden of attracting funding, reduce costs and facilitate business planning easier.
The total amount of 21 721 502 EUR of the European Regional Development Fund has been allocated for the implementation of the partial compensation measure.?
Why is it useful?
- Interest on borrowed funds is partly compensated for the business.
Who can apply?
- SME representatives with a loan agreement.
How much?
- Compensation from 50 to 95 % from the amount of actual interest paid up to 36 months but not more than 7 % of annual interest.
Interest compensation intensity terms:
Vilnius, Kaunas and Klaip?da city municipalities | Other municipalities | |
SME, up to 5 years old | 80% | 95% |
SME, more than 5 years old | 50% | 95% |
Industrial companies (both SMEs and large companies) | 100% (up to 60 months) | |
Characteristics of SME-eligible companies*:
Company type | No. of employees | Financial data meets at least one of the following conditions: | |
Annual revenue, million € | Book value, million € | ||
Medium | <250 | 50 | 43 |
Small | <50 | 10 | 10 |
Very small | <10 | 2 | 2 |
* Not only the indicators of the declarant (enterprise declaring the status of an SME) are evaluated for the calculations above but also the relevant indicators of the companies related and affiliated to the declarant.
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"Trečia diena" UAB, which operates the Röntgen platform, is a licensed crowdfunding platform. The platform is governed by the EU Crowdfunding Regulation and is supervised by the Bank of Lithuania in accordance with the law.