This product will enable you to raise capital for purchase of technology.

The main condition is that the majority of the purchased technology should serve for manufacture of the goods determined for export, and the majority of the components required for manufacture of the goods must be of Slovak origin. Eximbanka SR shall issue a B/G for the loan provided for purchase of the technology up to 80% of the loan principal. It is an installment loan facility with the maturity of mostly 2 years and more, and the amount of the loan should not exceed 70% of the total costs incurred by the client for purchase of the technology. The amount of coverage depends on the amount of the provided loan, the maturity of the loan, and obviously on the client's creditworthiness.

The loan is released against invoices for purchase of technology, which at the same time represent documents for Eximbanka, proving the purpose of the provided loan and the B/G issued in connection therewith. Every installment of the loan shall reduce the amount of the B/G, in percentage corresponding to the loan covered by the Eximbanka´s B/G.

The loan is repaid from payments remitted to the account by final consumers of the goods. The final maturity of the loan must not fall after the date of expiry of the B/G. Usually, the B/G shall expire 14 days of the final maturity date of the loan.

Security of the provided loan for TB is usually represented by receivables to international customers (in the form of a pledge) or any other type of security according to the conditions of the specific business deal.
In this event, the security for the issued B/G in favour of Eximbanka is the purchased technology.

Benefits:

• Eximbanka SR´s guarantee for a part of the loan, and thus less requirements on the security of the loan
• quickly raised capital for purchase of technology
• the option to defer the installments of the loan to the period when the goods shall be actually exported and payments by final consumers shall be remitted
• provision of the loan also for less credit-worthy clients or in the event the request for the amount of the loan does not correspond to the client's financial standing

Target group:
- exporters, manufacturing plants which need to refurbish the plant and make the manufacture more effective by the new technology

Conditions:

• furnishing of the company's financial statements for previous 2 years + the latest current statements
• furnishing of an extract from the Commercial Register (not older than 3 months)
• completing forms required by Eximbanka SR (an application for issuance of B/G, financial statements for the last 3 years, income tax return, completed tables)
• furnishing of customers contracts
• furnishing of the contract for purchase of technology
• furnishing of the invoices proving the purchase of technology
• allowing the employees of Eximbanka SR to perform control