Line of Municipality Centar

Subsidised line for small business entities, natural and legal persons who permanently perform activities in accordance with the Law on incentives for development of small economy, entities who regularly settle their legally required obligations and conditions of the Public Invitation, who have seat or business unit on the territory of Municipality Centar or whose founder or owner has residence on the territory of Municipality Centar, as well as entities with satisfactory creditworthiness and regular loan history.

You can see the Public Invitation here.

Primary criteria for the selection of the financing line beneficiaries include:

• Type of activity (production, service and production-service);
• Purpose of funds’ utilisation;
• Products and services used for achievement of additional value and effects on employment in Municipality Centar;
• Sources-manner of project financing;
• Export-orientation and
• Formally-legal documents for securing the loan.

Short-term revolving financings

1. Short-term revolving financings for current operations are approved to the period of 12 (twelve) months to the amount up to 500,000.00 BAM;
2. The amount of subsidised profit rate is 1.49% (4.49% prior to subsidy);
3. Fee for the Application Form processing amounts 1.00% from the financing amount;
4. Special condition for subsidy disbursement is regular settlement of all tax liabilities and due liabilities for financings, keeping the same number of employees or new employment from the territory of Municipality Centar;
5. Subsidies are disbursed on semi-annual basis, based on previously performed monitoring;

Long-term financings for permanent working capital

1. Long-term financings for permanent working capital are approved to the period up to three years (36 months) in the amount up to 500,000.00 BAM;
2. The amount of subsidised profit rate is 1.49% (4.49% prior to subsidy);
3. Fee for the Application Form processing amounts 1.00% from the financing amount;
4. Special condition for subsidy disbursement is regular settlement of all tax liabilities and due liabilities for financings, keeping the same number of employees or new employment from the territory of Municipality Centar;
5. Subsidies are disbursed on semi-annual basis, based on previously performed monitoring;

Long-term annuity financings

1. Long-term annuity financings for fixed assets and capital investments are approved to the period up to seven years (84 months) in the amount up to 500,000.00 BAM;
2. The amount of subsidised profit rate is 1.49% (4.49% prior to subsidy);
3. Fee for the Application Form processing amounts 1.00% from the financing amount;
4. Special condition for subsidy disbursement is regular settlement of all tax liabilities and due liabilities for financings, keeping the same number of employees or new employment from the territory of Municipality Centar;
5. Subsidies are disbursed on semi-annual basis, based on previously performed monitoring;

Required documentation for application of legal persons:

• Application Form defining the purpose, amount and repayment period;
• Decision on registration in the Court Register with all changes and amendments;
• Excerpt from the Court Register not older than 90 days;
• Articles of Association and Articles of Foundation of the company;
• Certificate on Tax Registration from the Tax Administration - ID number;
• Certificate on registration of VAT taxpayers – VAT number;
• Notice from the Statistics Bureau on classification by activities;
• Certificate from Tax Administration on settled direct taxes, not older than 30 days;
• Certificate from Indirect Tax Authority on settled indirect taxes, not older than 30 days;
• Copy ID cards and Residence Certificate of persons authorized for representation;
• Statement on related entities;
• Consent for inspection at the Central Loan Register;
• Report of the External Auditor (only for joint stock companies),
• Business Plan, projected Balance Sheets and cash flows for the repayment period;
• Program or Project, Project Summary based on which the Financing Application is submitted;
• Expected effects in employment pursuant to the Business Plan;
• Balance Sheet and Income Statement for the previous two years, as well as Preliminary Financial indicators for the current period,
• Documentation for securing financing and financing collaterals determined by the Bank, in accordance with its business policy and depending on the client’s creditworthiness.
• Other documents upon the Bank’s request in accordance with the Bank’s internal documents.

Required documentation for application of natural persons (craftsmen and self-employment):

• Completed and certified Financing Application Form
• Evidence on special-purpose use of financing funds (pro-forma invoice, invoice, Sales Agreement, certificate on the remaining debt)
• Decision of authorized municipal body for the performance of activity
• Copy of the Card of deposited signatures of persons authorized for representation
• Specification on determining income from self-employment activity for the past two years
• Certificate on Tax and VAT registration (if the activity is subject to taxes)
• Copy of ID cards – owner of self-employment activity
• Copy of Residence Certificate - owner of self-employment activity
• Relevant document proving that the owner of self-employment activity has the real estate in its possession (apartment, house, land, business premise); Document proving the ownership – Land-Registry Certificate, Real estate Land Folio, Ownership document (only for those areas where land books are not established)
• Other documents upon the Bank’s request in accordance with the Bank’s internal documents

Interested entrepreneurs can receive more information in Branches of BBI Bank, web site www.bbi.ba, e-mail:  linijaopcinacentar@bbi.ba or Phone: 033/275-264, 033/275-507, 033/275-177.