Purpose of the Loan / Project Plan
Each client must submit a detailed plan outlining the intended use of the loan funds, focusing on the specific features of technologies, processes, or initiatives for sustainable waste/resource management. The plan should also include the planned use cases of the equipment and the specific environmental and sustainability objectives that contribute to this initiative.
For the first loan amount (up to 100,000 EUR) and the second (100,000–500,000 EUR), the client must submit a general description of the proposed circular economy activity, with expected results and approximate estimates of waste reduction, material and resource savings, as well as financial savings.
For the third loan amount (over 500,000 EUR), the client must present a detailed project, with verified and complete calculations on waste reduction, material/resource conservation, and savings.
Company Activity
To establish a presence and a work history, it is usually required that the company has been active for at least 1 year.
Company Financial Data
- Audited financial statements
- Annual business revenue
- Annual profit
Detailed Business Plan for the Next Three Years
The business plan should include:
- Financial projections
- Competitive analysis
- Industry outlook
- Cash flow, revenue, and expense forecasts
List of Required Documents
- Necessary documentation for the Know Your Client (KYC) process
- Copies of company declarations/taxes
- Audited financial and managerial statements
- Business licenses and permits
- Business tax declarations
- Company contracts and legal agreements
- Proposal of the project/activity to be financed through the loan assets
- Detailed project (for the third loan amount)
- Company’s internal policies and standards
- Business insurance plans
- Payroll lists
- Business projections
- And other documents deemed necessary by the bank
