Obligations

The beneficiary is obliged to maintain the profile of the enterprise for 2 years after its entry into force.

The start-up date of the enterprise is determined at the moment of full documentation of the sources of funding and targeted expenditure provided by the project submitted by the beneficiary, but not later than 18 months after the co-financing agreement.

In order to fulfill all obligations, the beneficiary must encumber the fixed assets created within the project with a mortgage/pledge in favor of the Agency. 

At the same time, it is permissible for the mortgage / mortgage of the agency to be second only if the first mortgage / mortgagee is the same lending bank.