FLEXIBLE WORKING CAPITAL LOAN (RON)

ROMCOM Credit Request Form 2025

Lender

The Flexible Working Capital Loan granted in RON is provided through the Microfinance Society IFN ROMCOM SA (hereinafter referred to as “ROMCOM”).

Purpose of the Credit Product

• Supporting the activity of microenterprises, as well as small and medium enterprises in the production and services sectors, increasing the volume of activity, competitiveness, and sustainability of businesses in these sectors.
• Supporting the activity of agricultural entrepreneurs in Romanian agriculture, increasing the volume of activity and competitiveness of businesses in this sector.

Eligibility Criteria

The Flexible Working Capital Loan granted in RON primarily targets entrepreneurs from the following counties: Bihor, Timiș, Arad, Sălaj, Satu Mare, Cluj, Maramureș, Suceava, Caraș Severin (ROMCOM can also provide funding to entrepreneurs from other counties, depending on available funds).

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

General Criteria:

• Private commercial company, registered and authorized (PFA, II, IF, SRL, SCS, SA), liberal professions, and NGOs with profit-driven activities, with at least 12 months of activity.
• Development of a clear business concept, to be outlined in the financing application.
• Qualification or professional experience of the administrators/employees of the applicant in the field of activity for which financing is requested.

Specific Criteria:

• Existence of the necessary infrastructure for the project (land, building, utilities, etc.);
• Maintenance/Creation of new jobs as a result of project implementation;
• Economic feasibility of the project;
• Existence of a guarantee covering at least 120% of the loan value.

Eligible Activities

The obtained funds can be used for the following purposes:

• Financing ongoing business activity;
• Purchase of raw materials, materials, goods, depending on the nature of the activity;
• Payments to suppliers, salaries, taxes, and other operating expenses;
• Purchase of inventory items.

Financing Conditions

• The loan amount that can be granted to an eligible entrepreneur through the Flexible Working Capital Loan in RON ranges from 10,000 to 150,000 RON. Disbursement can be made in one or more installments, based on requests. The interest and non-utilization fee are payable monthly.
• For the Flexible Working Capital Loan granted in RON, ROMCOM charges an annual interest rate of 18-21% for the utilized amount, and a non-utilization fee of 0-3% for the unused portion of the credit ceiling. The interest rate and non-utilization fee remain unchanged throughout the financing period.
• The Flexible Working Capital Loan in RON is approved for a period of 12 months. At the customer’s request, the loan can be renewed for another 12-month period, after a re-assessment of the business, guarantees, and credit ceiling. The renewal request must be submitted at least 30 days before the loan’s final due date.
• The Effective Annual Rate (EIR) is 23.75%, calculated for a 150,000 RON flexible loan granted over 12 months, fully drawn at the time of agreement, and repaid at the final due date after 12 months, with an annual interest rate of 18% for the utilized sum and a 0% non-utilization fee for the unused portion of the credit ceiling.

Fees and Guarantees

• After the financing is approved, the beneficiary will pay a 3% disbursement fee on the loan amount. If the client requests the renewal of the Flexible Working Capital Loan, they will pay a 1% renewal fee on the newly approved credit ceiling.
• The loan will be secured with immovable or movable assets, covering at least 120% of the loan value.
• Depending on the credit scoring of the financing request, real guarantees may be supplemented with personal guarantees, such as avalization of promissory notes and/or surety contracts.
• Notary fees, lien or mortgage registration, and the cost of insuring the collateral (if applicable) will be borne by the beneficiary.
• The assets or properties used to secure the loan will be insured upon signing the loan agreement for the entire loan period. The cost of the insurance will be borne by the beneficiary, and the insurance will be assigned to Microfinance Society IFN ROMCOM SA.

Deadlines and Documentation Submission Conditions

To obtain a Flexible Working Capital Loan in RON, applicants must contact Microfinance Society IFN ROMCOM SA. Credit requests can be submitted by mail/courier to the ROMCOM office, submitted directly to the ROMCOM office, picked up by ROMCOM credit consultants, or sent by email to office@romcom.ro.

Credit applications will be reviewed, and projects to be financed will be selected within a maximum of 7 days from the receipt of a complete credit application.

Contact Information

The contact information for submitting the credit application is:

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