BOV BUSINESS LOANS

BOV SME Grow

Get the investment you need to thrive with the BOV SME Grow loan. Ideal for startups and SMEs looking to expand their market.

<em>Receive up to €750,000</em> for new investment

Receive up to €750,000 for new investment

Borrow between €10,000 and €750,000 to help you finance new investment opportunities to grow your business.

Pay <em>an advantageous interest rate</em> for easy repayment

Pay an advantageous interest rate for easy repayment

Variable interest rate of 3.8%* p.a. to make your repayments more affordable.

<em>Lower contribution</em> for simpler finance

Lower contribution for simpler finance

Contribution of 5% for greater affordability.

Loan details

What does this loan include?

An amount between €10,000 and €750,000.

Minimum loan term of 1 year and maximum loan term of 10 years.

Variable interest rate of 3.8%*.

Upfront contribution of 5%.

Lower extendible collateral requirements.

Details

Feature	Details
Eligibility	SMEs operating in Malta. SMEs are defined as any micro, small or medium-sized enterprise as defined in the Commission Recommendation - SME definition - European Commission (europa.eu).
Amount	Minimum: €10,000 per group/relationship Maximum: €750,000 per group/relationship (These are subject to our lending criteria)
*Interest rate	Variable Interest rate of 3.8% (Interest Margin and EIF Guarantee Fee over the Business Lending Bank Base Rate presently at 2.15%).
Contribution	Upfront contribution of 5%.
Eligible Costs	Investment costs and related working capital.
Fees	Advances Processing Fees. Renewal Fees of 0.15% (minimum €40). Commitment Fee 0.5% (undrawn amounts after 6 months). No management fees. EIF Guarantee fee is included in the variable interest rate of 3.8%.
Collateral	Lower extendible collateral requirements capped up to a maximum of 30% of the loan value. The extendible security requested by the bank on the loan may decrease according to the risk profile of the proposal.
Note	All loans are subject to normal bank lending criteria, credit approval by Bank of Valletta p.l.c. (the Bank) and a credit agreement. Further terms and conditions are available at www.bov.com.

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The BOV SME Grow and the BOV SME Grow Green are funded by the European Union through the European Regional Development Fund with the financial backing of the Republic of Malta under the InvestEU Member State Compartment for Malta. All loans are subject to normal bank lending criteria and final approval by the Bank. Issued by Bank of Valletta p.l.c., 58, Triq San Żakkarija, Il-Belt Valletta, VLT 1130. Bank of Valletta p.l.c. is a public limited company regulated by the MFSA and is licensed to carry out the business of banking in terms of the Banking Act (Cap. 371 of the laws of Malta).