BRIDGE LOAN (RON)

ROMCOM Credit Application Form 2025

Financier:

The BRIDGE LOAN granted in RON is provided through the Microfinance Company IFN ROMCOM SA (referred to as “ROMCOM”).

Purpose of the Credit Product:

• Supporting investments made with non-repayable funds by newly established enterprises, micro-enterprises, and small and medium enterprises by ensuring bridge financing for the investment project during its implementation, until the non-repayable funds are received.

Eligibility Criteria:

The BRIDGE LOAN granted in RON is primarily targeted at entrepreneurs from the following counties: Bihor, Timiș, Arad, Sălaj, Satu Mare, Cluj, Maramureș, Suceava, Caraș-Severin (ROMCOM may also provide funding to entrepreneurs from other counties, subject to the availability of funds).

Entrepreneurs from the counties mentioned above who meet the following cumulative eligibility criteria may benefit from funding through the ROMCOM program:

General Criteria:

• Private commercial company, registered and authorized (PFA, II, IF, SRL, SCS, SA), including newly established enterprises (start-ups), liberal professions, and profit-oriented NGOs.
• Development of a clear business concept, which must be outlined in the funding application.
• Qualification or professional experience of the applicant’s administrators/employees in the field of activity for which funding is requested.

Specific Criteria:

• Existence of an approved project for funding with non-repayable funds and a signed financing contract with the managing authority for these funds, or an invitation to contract from the managing authority.
• Maintenance/Creation of jobs as a result of the project’s implementation.
• Economic feasibility of the project (forecasted economic indicators).
• Existence of a guarantee covering at least 120% of the loan amount.

Eligible Activities:

The funds obtained can be used for the following purposes:

• Purchase of licenses, software, machinery, new or second-hand equipment.
• Modernization and expansion of production capacities.
• Investments in the purchase, construction, modernization, and/or expansion of business infrastructure (buildings, production halls, barns, warehouses, greenhouses, etc.).
• Purchase of pedigree animals (milk, meat production, etc.).

Financing Conditions:

• The amount that can be granted to an eligible entrepreneur through the BRIDGE LOAN in RON ranges from 10,000 Lei to 300,000 Lei.
• For the BRIDGE LOAN, ROMCOM charges a flat annual interest rate of 18%. The interest is paid monthly and remains unchanged throughout the loan period.
• The repayment period for the BRIDGE LOAN is between 3 and 12 months.
• The Effective Annual Rate (EAR) is 23.64%, calculated for a 300,000 Lei loan granted over 12 months, which is repaid in full at the end of the loan term.

Fees and Guarantees:

• After loan approval, the borrower will pay a disbursement fee of 3% of the loan amount, which will be deducted from the loan disbursement.
• The loan will be secured with real estate or movable property, covering at least 120% of the loan amount.
• Depending on the credit score of the loan application, the real guarantees may be supplemented with personal guarantees, such as avalization of promissory notes and/or surety contracts.
• Notary fees, pledge or mortgage fees, and the cost of insuring the collateral (if applicable) will be borne by the borrower.
• For full early repayment of the loan, a 3% early repayment fee will apply, and interest will be calculated for 3 months if the early repayment occurs less than 3 months after the loan was granted.
• For partial early repayment of at least 10% of the loan amount with a reduction of the contract duration, a 3% fee will apply, and the interest will remain the same as when the contract was signed, applied to the original loan amount.
• For partial early repayment of at least 10% of the loan amount with the retention or extension of the contract duration, a 3% fee will apply on the remaining principal before the early repayment, and the interest will be recalculated based on the new loan amount.
• The early repayment fee can be reduced by 50% if no penalties for late payment have been accumulated and the repayment is made from own sources (excluding refinancing).
• The assets or properties used as collateral will be insured when the loan agreement is signed for the entire loan period. The cost of insurance will be borne by the borrower, and the insurance will be assigned to IFN ROMCOM SA.

Deadlines and Documentation Submission Conditions:

To obtain a BRIDGE LOAN in RON, applicants must contact the Microfinance Company IFN ROMCOM SA. Loan applications can be sent by mail/courier to ROMCOM’s headquarters, submitted directly at the ROMCOM office, collected directly by ROMCOM’s credit consultants, or sent via email to office@romcom.ro.

The credit application will be reviewed, and the selected projects for funding will be determined within 7 days of receiving a complete application.

Contact Information:
For submitting the loan application file, please contact:

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