The Slovenian Enterprise Fund (SEF) has announced the P1 plus 2025 call, aimed at micro, small, and medium-sized enterprises that want to secure favorable bank loans with the help of guarantees and subsidized interest rates. A total of 71.5 million euros in guarantees are available for securing loans.
Key Features of SEF Guarantees
- Amount of Guarantee: The guarantee covers 60% or 80% of the value of the bank loan.
- Loan Amount: Up to 1,250,000 euros for investments with a term of up to 10 years and a grace period of up to 24 months, or up to 200,000 euros for working capital with a term of up to 5 years and a grace period of up to 6 months.
- Interest Rate: 6-month EURIBOR + an addition from 0.25% to 0.75%, depending on the type of guarantee.
- Coverage of Costs: The loan can cover up to 80% of eligible project costs, the remainder being owned funds.
- Guarantee Costs: No management and approval fees for the guarantee.
Eligible Costs
- Tangible Investments: Costs of purchasing new machines and equipment, land acquisition, utility and infrastructure equipment costs, construction, renovation, and/or purchase of business real estate.
- Intangible Investments: Investments in intangible long-term assets (e.g., patents, licenses, trademarks).
- Working Capital: Costs of materials and merchandise, service costs, labor costs.
Types of Guarantees
- General Guarantees – for investment expenditures.
- Guarantees for Green, Digital, and Circular Economy Projects – for sustainable investments or a combination of investments and working capital.
- Micro-Guarantees – for working capital up to 200,000 euros for medium-sized companies or up to 100,000 euros for micro and small companies.
Guarantee Acquisition Process
- Obtaining a Bank Loan: Initially, the company applies for a long-term loan at one of the participating banks using the SEF guarantee to secure the loan.
- Application Submission to SEF: After loan approval by the bank, the company submits an application to the SEF public call to obtain the guarantee with a subsidized interest rate.
- Application Processing and Decision Issuance: SEF reviews the application and, if approved, issues a decision to grant the guarantee.
- Contract Signing: The company signs a contract with SEF for the issuance of the guarantee and interest rate subsidy, as well as a credit agreement with the bank.
- Guarantee Issuance and Loan Disbursement: SEF issues the guarantee to the bank, and the company can begin drawing on the loan and implementing the project.
Application Deadlines
Companies can submit applications electronically via the SEF e-Portal. The first application deadline is March 20, and the final deadline is October 15, 2025, or until funds are exhausted.
More information and details about the call are available on the SEF website.
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