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New interest-free credit line “COVID 4”

New interest-free credit line “COVID 4”

The Development Bank of North Macedonia has created a new credit line to support enterprises affected by the coronavirus condition. The interest-free loans are intended for support of entities in the field of tourism, transport, catering and event industry, private health facilities, sole proprietors, and craftsmen from all industries.

The public call for interest-free credit line “COVID 4” was announced on July 7th 2021, for entities with at least 30% drop in revenue in the course of 2020, which did not use funds from Measure 1 – Subsidizing salaries “14,500 MKD per employee” for months February and March 2021 and entities which did not use a loan from the credit line Covid 3. Entities that have used a loan from "Covid 1" and/or "Covid 2" and have no outstanding liabilities on the day of application will be able to use a loan from "COVID 4".

The maximum loan amount is EUR 30,000, while the minimum loan amount is EUR3,000, with the grace period of up to 12 months and a repayment period of up to 42 months.

The submission of the credit applications starts on July 15th, 2021 at 09:00 and will last for 20 days, i.e. until August 3rd, 2021.

For more information please follow the link:  https://www.mbdp.com.mk/mk/vesti/815-1-11