CSOB Special Purpose Loan

This loan is intended for entrepreneurs and medium or big-sized businesses to finance precisely determined needs (primarily of an investment nature). Loan is offered in Czech crowns or in selected foreign currencies.

Benefits

The loan can be used to overcome time discrepancies between investment needs and the generation of a sufficient amount of one's own funds for setting up the investment.

Other merits include:

Investing with only a small share of one's own resources,
The possibility of postponing the first installment for up to 12 months,
An individually set payment calendar depending on your needs and capabilities,
Repayment of the investment for up to 30 years, depending on its nature.

Get Acquainted

A special-purpose loan with 20-year maturity, which can be drawn in Czech crowns or in selected foreign currencies.

Parameters of loan:

One time or gradual drawing, on your own account at CSOB or on the account of a supplier at any financial institution,
Repayment of the principle in regular installments (monthly or quarterly), the regular installments (adapted for example to seasonal factors), or through annuities,
Interest is paid regularly (monthly or quarterly) or through annuities,
The interest rate may be floating (the rate of the PRIBOR or EURIBOR interbank market + a margin depending on the company risk) or fixed (fixed for a specific period of time or for the entire term of the use of the loan),
Individually set fees.

The credit can be secured with:

Real estate (with insurance immobilised to the credit of CSOB),
Receivables,
Movables (after consulting with CSOB workers),
A third-party guarantee,
Other security based on consultation with ČSOB.

Use of Loan:

For purchasing, modernizing, or repairing movables (machines or equipment, various technology),
For purchasing, structurally modifying, or repairing immovables,
Various business investment plans,
Investment plans realized with “Zelená úsporám” programme, where nonscheduled installment (up to grant amount) is possible,
Investment plans realized with EU funds.

Terms of Use

A current business account kept with CSOB.

Along with the application you must submit:

Basic information on company,
Information on the subject of financing,
An officially verified copy of the decision of the relevant authorities on authorisation for entrepreneurial activity, or a document substantiating legal subjectivity,
Annual financial statements for the period of the last two-three years (for companies with auditing obligations verified by an auditor), annual report, and auditor's report (if these are compiled),
Tax returns for the last two-three years (including attachments submitted to the Financial Authorities),
Economic results for the last month and the corresponding month of the previous year covering the accounting statements (balance sheet and statement of profit and loss),
Business plan signed by the statutory body of the company with characteristics of the productive activities given as well as other important information on previous development, status, and prospective productive activities,
Financial plan for the period of credit engagement,
Confirmation of freedom from indebtedness towards the Financial Authorities, the Czech Social Security Administration, and the relevant health care company,
A declaration of mutual bonds with other entities,
Materials relating to the proposed security,
Any bank references to the company and its owners,
Additional information required by the client credit worker (such as comments on the causes of fluctuations in the accounting statements, an investment plan, the accrual and deferral of receivables, a current analysis of financial investments, the share of export in sales, or an analysis of sales according to primary activities),
A document on secured sales (depending on the nature of production).

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