BRIDGE LOAN (Euro)

ROMCOM 2025 Loan Application Form

Lender:

The Bridge Loan granted in Euro is provided through the Microfinance Society IFN ROMCOM SA (hereinafter referred to as “ROMCOM”).

Loan Purpose

The product aims to support investments made with non-reimbursable funds by newly established businesses, micro-enterprises, and small and medium-sized enterprises, by ensuring bridge financing for the investment project during its implementation, until the receipt of non-reimbursable financing.

Eligibility Criteria

The Bridge Loan granted in Euro is primarily addressed to entrepreneurs from the following counties: Bihor, Timiș, Arad, Sălaj, Satu Mare, Cluj, Maramureș, Suceava, and Caraș-Severin. (ROMCOM may provide funding to entrepreneurs from other counties, depending on available funds).

Eligible entrepreneurs from the above counties who meet the following criteria may benefit from funding through the ROMCOM program:

General Criteria:

• A private company, registered and authorized (PFA, II, IF, SRL, SCS, SA), including newly established businesses (start-ups), liberal professions, and NGOs with lucrative activities.
• Development of a clear business concept to be presented in the funding application.
• Qualification or professional experience of the applicant’s administrators/employees in the business area for which financing is requested.

Specific Criteria:

• Existence of an approved project for non-reimbursable funding with a signed financing contract with the management authority for these funds, or an invitation to sign a contract from the management authority.
• Maintenance/Creation of jobs as a result of project implementation.
• Economic feasibility of the project (projected economic indicators).
• Existence of a guarantee covering at least 133% of the loan value.
• The funded company generates revenue in Euro or is indexed to the RON/Euro exchange rate.

Eligible Activities

The funds obtained can be used for the following purposes:

• Purchase of software, machines, equipment, new or second-hand.
• Modernization and expansion of production capacity.
• Investments in the purchase, construction, modernization, and/or expansion of business infrastructure (buildings, production halls, stables, warehouses, greenhouses, etc.).
• Purchase of livestock (milk, meat production, etc.).

Financing Conditions

• The amount that can be granted to an eligible entrepreneur through the Bridge Loan granted in Euro ranges between 2,500 and 60,000 Euro.
• ROMCOM charges a 12% annual linear interest rate for the Bridge Loan. Interest will be paid monthly. The interest rate remains unchanged for the entire duration of the loan.
• The repayment period for the Bridge Loan granted in Euro is between 3 and 12 months.
• The Annual Effective Interest Rate (APR) is 15.15%, calculated for a bridge loan of 60,000 Euro granted over 12 months, repaid in full at the end of the loan period.

Fees and Guarantees

• After the financing approval, the beneficiary will pay an arrangement fee of 2% of the loan amount, which will be deducted when the loan is disbursed.
• The loan will be secured with immovable or movable assets, covering at least 133% of the loan value.
• Depending on the funding application score, the real guarantees may be complemented with personal guarantees, in the form of endorsement of promissory notes and/or guarantees agreements.
• Notary fees, pledge or mortgage costs, and insurance of the assets used as collateral (if applicable) will be covered by the beneficiary.
• A 3% fee on the advance payment amount will be charged for early full repayment of the loan. Additionally, interest will be calculated for 3 months if the early repayment occurs within 3 months of the loan agreement.
• A 3% fee on the advance payment amount will be charged for partial early repayment of at least 10% of the loan, reducing the contract duration. The interest will remain the same as at the signing of the loan agreement, applied to the initial loan amount.
• A 3% fee on the remaining principal before the early payment will be charged for partial early repayment of at least 10% of the loan, maintaining or extending the contract duration. Interest will be calculated based on the remaining principal after the early payment, applying the interest rate at the time of the new maturity date.
• The early repayment fee can be reduced by 50% if no late penalties have been incurred and the repayment is made from the beneficiary’s own sources (excluding refinancing).
• The assets or properties used as collateral will be insured for the entire duration of the loan. The cost of insurance will be covered by the beneficiary, and the insurance will be transferred in favor of ROMCOM.

Deadlines and Documentation Submission Conditions

To obtain a Bridge Loan granted in Euro, applicants must address the Microfinance Society IFN ROMCOM SA. Credit applications can be sent by post/courier to the ROMCOM office, submitted directly at the ROMCOM office, picked up directly by ROMCOM credit consultants, or sent by email to office@romcom.ro.

The credit applications will be analyzed, and the projects to be financed will be selected within 7 days of receiving a complete credit application.

Contact Details

For submitting the loan application file, please use the following contact details:

Microfinance Society IFN ROMCOM SA

Gh. Doja Nr. 49A, Oradea, 410169
Phone:      0259 479 793, 0359 173 300
Email:  office@romcom.ro
www.romcom.ro