Export customer loan
The subject of financing is export of technologies, investment equipment and machinery of mainly Slovak origin with a longer maturity. The loan is provided to the importer or to his bank and is insured by Eximbanka of the Slovak Republic, which assumes risk of non-repayment of the loan (commercial, political risk).
Conditions for obtaining a loan:
- a contract with a foreign partner,
- maturity is longer than 1 year,
- the credit is provided for up to 85% of the contract value,
- insurance by EXIMBANKA SR covers 95% of the total loan amount,
- 15% of the contract value must be paid by the customer in the form of advance payment at the latest at the time of delivery of goods or performance of service,
- a majority of the export contract value must be of Slovak origin,
Advantages:
- as an exporter you obtain payment for the delivered goods immediately after their export,
- you will avoid the risk of non-payment for the goods by the customer,
- interest costs are lower than in the customer country,
- the debtor of the loan is the importer or his bank,
- interest rate, loan duration and other conditions are comparable to competitive offerings from OECD countries, which increases the competitiveness of Slovak producers in foreign markets.
Financing of foreign investments
Financing must be provided for an investment abroad or capital investment to support business expansion of the foreign company, eventually to finance operational needs of the particular investment. The insurance by EXIMBANKA SR covers political and other non-commercial risks, which cause losses of revenue from foreign investments due to inability of payment transfer to the Slovak Republic.
Advantages:
- possibility to receive funds for investments in countries, where options for obtaining local financing are limited,
- you will get financing in your bank,
- lower interest costs compared with interests in some foreign countries,
- distribution of risk between an investor, bank and Eximbank.
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