• The credit-guarantee scheme is based on portfolio guarantees and the loan evaluation is carried out by a Commercial bank/Microfinance.
• Security provided by the Agency for up to 80% of the principal amount for each loan disbursed by commercial bank within the framework of the program. The guarantee shall be issued for each bank participating in the program for up to 35% of the disbursed loan portfolio within this program, at any moment
• In the case of a commercial bank minimum loan volume – GEL 50 000, while maximum loan volume – GEL 5 000 000
• In the case of a microfinance organization minimum loan volume – GEL 20 000, while maximum loan volume – GEL5 000 000
• The maximum loan warranty period is 10 years
• At least 80% of the loan should be used for capital expenditures and no more than 20% for revenue expenditures.

Within the following directions, the loan will be available:

• Production and processing
• Hotel industry - minimum criteria
• Electricity generation
• Educational activities
• Training centers
• Export of services
• High-tech medical laboratories
• Animal husbandry and horticulture

Economic activity should be included in the list of priorities.

For detailed information regarding the economic activity classifications, please see - Economic Activities Classifications.

*Exceptions

Applies to all program directions

• Within the project, it's not allowed to repair and purchase vehicles. The purchase of vehicles is exclusively allowed under the condition that they are directly involved in the production/service process on the territory of the enterprise;
• It is not allowed to buy goodwill;
• It is inadmissible to benefit from the program for constructing, repairing, and equipping only the office space (administrative building);
• Purchase of state and/or privately owned real estate, and/or temporary use of one within the conditions provided by the Civil Code of Georgia;
• Purchase/Manage shares or stocks from a legal entity under public law.

• Beneficiary of the program must be an entrepreneur who meets the enterprise of the 3rd or 4th category in accordance with the Law of Georgia on Accounting, Reporting and Auditing, only in its income component. Which can be checked through www.reportal.ge
• Total loan liabilities should not exceed GEL 12 000 000 at the time of joining the program
• Under the program, the beneficiary is entitled to use several loans if the total volume of loans issued under the program does not exceed GEL 5 000 000
• In agreement with the beneficiary, the commercial bank / microfinance organization is authorized to fully or partially refuse the credit guarantee and / or, if the beneficiary wishes, the commercial bank is authorized to fully or partially replace the credit guarantee with other collateral
• Commercial banks are obliged not to increase the interest rate when restructuring the loan