Program conditions

• The project's total cost submitted by the potential beneficiary (loan amount to be issued by a commercial bank) should be not less than GEL 300,000 and not more than GEL 1,000,000.
• The Agency funding amount shall be maximum of 60% of the total cost of the submitted project (of the loan amount to be issued by a commercial bank), but not more than GEL 600,000 (of the loan amount to be issued by a commercial bank). Moreover, not more than 30% of the total cost of the project (of the loan amount to be is issued by a commercial bank) should be used to fully finance the 24-month interest rate of the loan, no later than within 26 months after issuance of the loan or its first tranche. 
• At least 80% of the project's total cost submitted by the potential beneficiary should include the creation/purchase of fixed assets only.
• The beneficiary will be obliged to employ at least 1 person for each GEL 40,000 of the funding provided under the program, which must be confirmed according to the funding agreement.
• The Agency will deposit the beneficiary’s funding amount in a special account of the Agency opened with the lending commercial banks for this purpose, from which the loan interest will be financed according to the established payment schedule and program, and maximum of 30% of the total loan amount will be financed after the beneficiary confirms the targeted spending of the loan and the fulfillment of the target provided for under the financing agreement by the terms of the program.