WORKING CAPITAL LOAN WITH INSTALLMENTS (Euro)

ROMCOM Credit Application Form 2025

Lender

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

Purpose of the Loan Product

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

Eligibility Criteria

The Working Capital Loan with installments granted in Euro is primarily aimed at entrepreneurs from the following counties: Bihor, Timiș, Arad, Sălaj, Satu Mare, Cluj, Maramureș, Suceava, Caraș Severin (ROMCOM may also provide financing to entrepreneurs from other counties, subject to the availability of funds).

Entrepreneurs who meet the following eligibility criteria are eligible for financing through the ROMCOM program:

General Criteria:

• Private commercial company, registered and authorized (PFA, II, AF, IF, SRL, SCS, SA), including newly established businesses (start-ups), liberal professions, and NGOs with profit-making activities.
• Development of a clear business concept, to be presented in the financing application.
• Qualification or professional experience of the administrators/employees of the applicant in the activity sector for which they are applying for financing.

Specific Criteria:

• Existence of the necessary infrastructure for the project (land, building, utilities, etc.);
• Maintaining/creating jobs as a result of the project implementation;
• Economic feasibility of the project;
• Existence of a guarantee covering at least 133% of the loan value;
• The funded company generates revenues in Euro or is indexed to the Ron/Euro exchange rate.

Eligible Activities

The funds obtained can be used for the following purposes:

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

Financing Conditions

• The amount that can be granted to an eligible entrepreneur through the Working Capital Loan with installments granted in Euro ranges from 2,500 to 30,000 Euros. Repayment is made in monthly installments.
• For the Working Capital Loan with installments granted in Euro, ROMCOM charges a linear annual interest rate of 9%. The interest rate remains unchanged throughout the financing period. Clients with a good payment history and who have or had loans with ROMCOM may receive a 1% interest rate reduction.
• The repayment period for the Working Capital Loan with installments granted in Euro is between 3 and 36 months.
• A grace period of up to 3 months may be granted, included within the repayment period, during which only the monthly interest is paid.
• Depending on the specific activity financed, the loan may have an atypical repayment schedule, in which case the interest will be paid monthly, and the principal installments will be paid in uneven amounts, provided that the annual principal repayments are equal.
• The APR (Annual Percentage Rate) is 19.18%, calculated for a working capital loan with installments granted in Euro of 30,000 Euros, granted with a linear annual interest rate of 9%, for a period of 36 months, with repayment made in equal monthly installments, without a grace period.

Fees and Guarantees

• After the loan approval, the beneficiary will pay a granting fee of 2% of the loan amount, which will be deducted upon the disbursement of the loan.
• The loan will be secured with real estate or movable assets covering at least 133% of the loan amount.
• Depending on the scoring obtained for the financing application, real guarantees may be supplemented with personal guarantees, such as endorsement of promissory notes and/or surety contracts.
• Notary, pledge or mortgage fees, as well as the cost of insuring the collateral (if applicable), will be borne by the beneficiary.
• For full early repayment of the loan, an early repayment fee will be charged based on the value of the early payment. The early repayment fee will be calculated as follows:
  • 5% if the early repayment is made within the first 12 months from the date of signing the credit agreement;
  • 4% if the early repayment is made within a period greater than 12 months and less than 25 months from the date of signing the credit agreement;
  • 3% if the early repayment is made within a period greater than 24 months from the date of signing the credit agreement.
• For partial early repayment of at least 10% of the loan amount with a reduction in the contract duration, an early repayment fee will be paid based on the value of the early payment, and the interest rate will remain the same as the rate at the time of signing the contract, applied to the initial loan amount. The early repayment fee will be calculated as follows:
  • 5% if the early repayment is made within the first 12 months from the date of signing the credit agreement;
  • 4% if the early repayment is made within a period greater than 12 months and less than 25 months from the date of signing the credit agreement;
  • 3% if the early repayment is made within a period greater than 24 months from the date of signing the credit agreement.
• For partial early repayment of at least 10% of the loan amount with the preservation or extension of the contract duration, an early repayment fee will be charged based on the remaining principal amount before the early payment, and the interest will be recalculated based on the remaining principal after the early payment, applying the rate practiced by ROMCOM at the time of the rescheduling. The early repayment fee will be calculated as follows:
  • 5% if the early repayment is made within the first 12 months from the date of signing the credit agreement;
  • 4% if the early repayment is made within a period greater than 12 months and less than 25 months from the date of signing the credit agreement;
  • 3% if the early repayment is made within a period greater than 24 months from the date of signing the credit agreement.
• The early repayment fee can be reduced by 50% if the loan does not accumulate any late payment penalties and the repayment is made from own funds (exclusive of refinancing).
• The assets used to secure the loan will be insured, together with the signing of the loan agreement, for the entire period of the loan. The insurance cost will be borne by the borrower, and the insurance will be ceded in favor of the Microfinance Society IFN ROMCOM SA.

Deadlines and Submission Conditions

To obtain a Working Capital Loan with installments granted in Euro, applicants must address the Microfinance Society IFN ROMCOM SA. Credit applications can be sent by mail/courier to ROMCOM’s headquarters, submitted directly at ROMCOM’s headquarters, collected directly by ROMCOM’s credit consultants, or sent by email to office@romcom.ro.

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

Contact Details

Contact details for submitting the credit application file:

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