Credits for businesses in medical field
Credit for real estate investments
The credit for real estate investments is dedicated both to companies, and to those practicing a liberal profession in the provision of medical services.
Characteristics:
- minimal amount: RON 10,000
- maximal amount:
-
- RON 250,000 for arrangements*
- RON 1,000,000 for buildings procurement *
* The limits are maximum 85% of the investment value plus VAT and falling within the bank’s sizing criteria, but without exceeding RON 2,000,000 per client/group of clients.
- currency: RON
- maximal lending period:
– 10 years for arrangements *;
– 25 years for buildings procurement (the minimum between 25 years and the period up to 70 years old of any of the associates holding 70% of the association, maximum 25 years);
*The maximal period will fall within the bank’s sizing criteria.
Utilization:
The amounts can be used to cover expenses regarding:
- the purchase of any type of building required to carry on the activity (office buildings, administrative buildings, clinics, practices, etc.);
- works of repair, maintenance, modernizations, arrangements, etc. of the buildings required to carry on the activity;
- refinancing, by taking over in full the investments credit from another Bank, including the current interest and fees related to the early credit repayment.
Guarantees:
The securing structure is flexible, including the mortgage on accounts and surety bonds. Depending on the credit value and the specifics of the company, other additional guarantees can be used, such as: mortgages or real estate mortgages, guarantees granted by guarantee funds or EXIMBANK, collateral deposits, etc.
Advantages:
In case of arrangement works, maximum EUR 20,000 (in RON equivalent) the credit will be used based on affidavit and invoices.
Credit for securities procurement
The credit for securities procurement is dedicated both to companies, and to those practicing a liberal profession in medical services performance.
Characteristics:
- minimal amount: RON 10,000
- maximal amount:
-
- RON 250,000 * – for medical equipment, secured by securities/equipment,
- RON 500,000 * – for medical equipment, secured by liquid guarantees (collateral deposits, letters of bank guarantee, guarantees issued by the Romanian State) and/or by real estate mortgages,
- RON 250,000 * for motor vehicles.
* The limits are maximum 85% of the investment value plus VAT and falling within the bank’s sizing criteria, but without exceeding RON 2,000,000 per client/group of clients.
- currency: RON,
- maximal lending period:
– 10 years for medical equipment*( Minimum between 10 years and the normed life period of the medical equipment, irrespective the guarantee type. Maximum 10 years),
– 7 years for motor vehicles*( Minimum between 7 years and the normed life period depending on the category of the motor vehicle, irrespective the guarantee type, maximum 7 years).
* The maximal period will fall within the bank’s sizing criteria:
Utilization:
The amounts can be used to cover expenses regarding:
- Purchase of new/second hand medical equipment;
- Purchase of new/second hand vehicles/other securities required to carry on the business (machines, commercial/transport vehicles, vans, etc.);
- Refinancing other investment credits to buy securities, credits granted by other financial institutions, with similar destinations to those previously described.
Guarantees:
- The securing structure is flexible, including the mortgage on accounts and surety bonds. Depending on the credit value and the specifics of the company, other additional guarantees can be used, such as: mortgages or real estate mortgages, guarantees granted by guarantee funds or EXIMBANK, collateral deposits, etc.
Advantages:
Financing the purchase of new/second hand medical equipment/vehicles required to carry on the medical activity.