Beneficiary selection criteria   

• The potential beneficiary of the program must have real estate registered into ownership in the pilot region envisaged by the program in LEPL - National Agency of Public Registry and / or should lease real estate from the state / municipality (the   remaining lease period when applying for the program must be at least 5 years) for which the loan amount will be invested.
• Lending by a commercial bank is allowed at both fixed and variable (floating) interest rates, which should amount the refinancing rate fixed by the National Bank of Georgia plus not more than 5% by the date of loan approval.
• Maximum the first 24-month interest rate of the loan taken under the project will be fully financed from the total financing amount intended for the beneficiary, but not more than 30% of the loan amount, no later than within the subsequent 26 months after the loan or its first tranche is issued.  
• Project implementation by a potential beneficiary should be planned in the region covered by the program, where it is registered and operates.
• The beneficiary must meet the following criteria: in the case of a legal entity - the turnover during the last calendar year should not exceed GEL 20,000,000, and in the case of an individual entrepreneur - the turnover during the last calendar year should not exceed GEL 100,000.