The Guarantee Agency for the Promotion of Small Business Development of Zagreb County and Privredna banka Zagreb (PBZ) have signed a cooperation agreement on the “Guarantee Scheme” project, which will enable entrepreneurs to provide guarantees when approving business loans.
Zagreb County has secured 3.4 million kuna in deposit funds for the "Guarantee Scheme," which banks will multiply, ensuring entrepreneurs a guarantee potential of 17 million kuna, emphasized the County Prefect of Zagreb County, Stjepan Kožić. Small business entities investing in the area of Zagreb County have the right to obtain guarantees, and guarantees will be available for long-term investment loans, primarily for the purchase, construction, renovation, or expansion of economic facilities, as well as for the procurement of equipment for production or service provision. The maximum amount of the guarantee will be up to 50,000 euros expressed in kuna at the average exchange rate of the Croatian National Bank (HNB), and the agency will guarantee up to 50 percent of the principal of the approved loan. Approximately 5,000 small and medium-sized enterprises and nearly 8,000 craftsmen operate in Zagreb County, and according to the indicator of company survival three years after the start of operations, this county ranks first in Croatia. (H)
