CASE STUDY
Read more about our long-term collaboration with an entrepreneur producing globally awarded wallpapers.
The client had a clear vision of expanding her business, for which she needed financial resources. The investment amounted to 381 thousand EUR. Lacking internal capacities and knowledge to research available credit options and various types of funds for entrepreneurs in Croatia, she sought assistance.
Before formalizing the collaboration, we gathered specific information about the plans. Once we determined the real potential and agreed on the terms of cooperation, we started an intensive project.
During a comprehensive analysis of all available co-financing options, we identified eligibility for tax relief on profits and the possibility of obtaining favorable credit lines from HBOR. We prepared an investment study and a series of other documents for the application.
The process of preparing documentation for the loan took a month, and the loan approval process took an additional 3 months. The process of approving tax relief took more than a year. Throughout the entire process, we were the entrepreneur’s right hand, available to prepare document amendments and provide answers to additional questions from specific institutions.
Collaboration goals
Ensure optimal financing for starting production activities
Results achieved
Secured two loans from HBOR
Realized the right to use tax relief on profits
Type of service
Preparation of documentation for HBOR, including an investment study
Support in communication with the bank during the loan approval process
Preparation of application for tax relief
Support in reporting to the Ministry of Economy