Slovak Investment Holding (SIH) is hereby releasing a call for small and medium-sized enterprises to take part in the 2nd round of the convertible loans programme called SIH Anti-Corona Capital whose principal purpose shall be to provide convertible loans to innovation-oriented companies.
This financial instrument shall be financed from European structural and investment funds (ESIF) and state budget funds designed to co-finance ESIF with the overall allocation amount of €16.7 million. Out of that amount, €8.4 million has been earmarked for the Bratislava region and €8.4 million for the remaining regions of the Slovak Republic. The convertible loans shall be provided with maturity of 18 to 36 months with the maximum amount of €645,000 (for 36-month maturities) and €714,000 (for 18-month maturities), respectively. The minimum amount of extended loans shall be €200,000.
The text of the call along with required documentation can be found below. The parties that are interested in taking part in implementing the described financial instrument must submit the required documentation specified in the call not later than by the specified deadline, which is May 19, 2021, at 23:59.
The contract template contains standardised provisions which are final for the parties interested in the call and cannot be changed. SIH reserves the right to modify the provisions. The contract template draws on the experience of SIH and the funds under its management with similar investments and the documentation which was drafted among others by A.K.F. LEGAL, s.r.o.