Soft loans "Pokytis"
*instrument_consult*:
Terms
Loan agreements shall be signed by 30 June 2029 and loan payouts shall be made no later than 31 December 2029.
How much?
Amount of funds committed under the financial instrument "Pokytis", co-financed by the European Regional Development Fund:
• EUR 49,477,735 for the digitisation of industrial enterprises in central and western Lithuania;
• EUR 99,065,421 for the digitisation of high value-added industries in the capital region.
The maximum loan amount is EUR 10 million. The maximum amount of the project’s eligible costs must be not more than 75% of the project’s eligible costs, 25% must come from private financiers or the borrower’s own resources.
Several loans may be granted to a single borrower, but the total amount of the loans may not exceed EUR 10 million.
The maximum duration of the loan is 120 months.
The loans shall be granted by applying the varying annual interest rate.
The loan interest rate shall consist of:
- 1% interest margin.
- Variable interest rate part – 6 months EURIBOR (when EURIBOR is negative, it is equated to zero).
Application of state aid
| Company size | Region in which the investment takes place | Type of investment | Provisions of the applicable regulation |
| SME* | MWL**, Capital*** | Initial investment, Initial investment that creates a new economy activity | General Exemption Regulation (State aid under Article 14) |
| SMCE and MCE* | MWL** | Initial investment, Initial investment that creates a new economy activity | |
| Capital*** | Initial investment that creates a new economy activity | ||
| Capital*** | Initial investment | De minimis Regulation |
*An SME is a very small, small or medium-sized enterprise. An SMCE small mid-cap enterprise with no more than 499 employees and is not an SME. An MCE is a mid-cap enterprise with up to 3,000 employees and which is not an SME or an SMCE. For more details, see Annex 2 to the Description.
** MWL: Mid-western Lithuania (Alytus, Kaunas, Klaipėda, Marijampolė, Panevėžys, Šiauliai, Tauragė, Telšiai and Utena counties).
***Vilnius County.
You can apply for a loan if:
- You operate in the Republic of Lithuania;
- You meet the minimum criteria for a reliable taxpayer;
- You are not a company in bankruptcy, restructuring or liquidation;
- You are not a company in difficult situation at the time of application and you have submitted a set of financial statements for the last financial year to the Centre of Registers;
- The state and/or municipality does not own or owns less than 25% of the shares, stocks or other forms of participation in the company’s capital;
- You have not received state aid which has been declared unlawful and incompatible with the internal market by a decision of the European Commission and/or the lender, or you have repaid the full amount of the aid, including interest, in accordance with the procedure laid down by law;
- The applicant and its beneficiary, or the natural and legal persons for whose benefit the loan will be used, are not subject to sanctions (any trade, economic or financial sanctions, embargoes or other restrictive measures);
- The business entity, its manager, a member of its administrative, management and/or supervisory bodies, or a person having powers of representation, decision-making or control over the business entity, has not been convicted of any criminal offence and has no spent or unspent criminal record;
- You do not have business relations with legal persons registered in territories which do not cooperate with the European Union in the application of internationally harmonised taxes under their jurisdiction, nor do you carry out or intend to carry out transactions with legal persons registered in the target territories;
- You do not have, or have terminated, trade commitments with natural and/or legal persons from countries hostile to the Republic of Lithuania by 31 August 2022;
- You have submitted all the required documents.
All requirements are described in the description (Lithuanian language)