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CSOB Small Loan for Entrepreneurs

A loan for a specified purpose to finance investments from CZK 50,000 up to CZK 8 million over as many as 15 years. You can use it to purchase new manufacturing equipment and technology, office equipment, extend warehouses and your car fleet, repair buildings or purchase land.



Benefits

  • We will finance as much as 80 % of the total investment (incl. VAT),
  • Investments in assets purchased in the previous 3 months will be financed retrospectively,
  • The loan can be drawn as a single amount or gradually over as many as 18 months after signing the agreement (against invoices, purchase agreement or other documents),
  • The first loan instalment can be postponed for up to 6 months,
  • Fixed or variable interest rate; fixed for 1, 3 or 5 years (or the whole loan repayment period).

Details

The loan must be used to:


  • Purchase and modernise movables – machines, devices, various equipment, vehicles (personal, utility and freight),
  • Purchase and simple reconstruction of real estate.

Maturity and amount of the loan:


Type of investment Maturity period Loan up to
Buildings and land 15 years CZK 8 million
Machines and equipment 8 years CZK 5 million
Personal and utility vehicles 6 years CZK 5 million
Other investments depending on the type of investment (after agreement with a CSOB branch officer)


Terms and conditions for providing the loan

You are eligible for a loan if you have been doing business with the branch for at least 2 years. The documents below must be attached to the loan application:


  • Trade license – excerpt from the Commercial/Trade Register not older than 3 months (if you are a ČSOB client with a lending relationship with ČSOB only submit it if there are changes),
  • Tax return for the previous 2 years (incl. all attachments and financial statements),
  • Document showing the payment of income tax for the previous year,
  • Affidavit showing you have no debts to the Tax Authority and the Czech Administration of Social Security (Ceska sprava socialniho zabezpeceni) (sometimes a confirmation of zero debt from the Tax Authority must be submitted),
  • Documents on the collateral securing the loan,
  • Two identity cards of persons acting for the company,
  • Other documents after agreement with the CSOB branch staff.
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