Loan for the Creative and Cultural Businesses

Unleash your business’s creative potential with guarantees from the European Investment Fund (EIF).

Flexible financing for businesses in the creative, cultural, and educational sectors.

EIF guarantees up to 70% of the loan amount.

General information

Are you part of the creative or cultural industry and need funding to grow your business? In collaboration with the European Investment Fund (EIF), we offer specialized financing opportunities.

Why choose loans with EIF guarantees?

EIF guarantees up to 70% of the loan amount.
Flexible loan terms and repayment conditions tailored to your business.
Loan guarantees are provided for all areas of the creative, cultural, or educational sectors. Whether you work in music, film, architecture, design, or any other creative industry, we can provide funding!
Learn more about the program: Creative Europe program.

Who can apply for a loan with a guarantee?

Micro, small, and medium-size enterprises d (MSMEs) working in the creative, cultural, and educational sectors:
Publishing companies, writers, libraries
Media and television
Visual and audiovisual arts projects (films, TV series, documentaries, video games, and interactive virtual reality projects, as well as cinemas, festivals, and fairs)
Communication, creative, and graphic design agencies
Other companies operating in the cultural and creative industries sectors
Museums
Architecture sector businesses
Organizations promoting education
Full list of financed sectors

With our financing solutions, you can create with peace of mind, knowing that your financial foundation is stable.

The process

STEP 1

Fill the the application

STEP 2

Submit the documents

The latest annual report, balance sheet, and income statement (not older than 6 months)

STEP 3

Loan decision

We will provide feedback within 1 working day after submitting the documents

STEP 4

Signing an agreement

We will send the loan agreement for e-signing. For initial contact, we will ask you to verify your identity through Idenfy. After signing the agreement and notarizing the collateral, we will transfer the loan funds to your specified account.
*In the case of a guarantee, you will need to provide similar financial documents for the guarantor.

Price list and terms

MINIMUM LOAN AMOUNT:

20 000 €

LOAN PERIOD:

up to 60 months

INTEREST:

from 4 % + Euribor

LOAN GUARANTEE:

up to 70%

* The cultural and creative sector guarantee measure receives financial support from the EU Creative Europe programme. Additional information about the guarantee measure is available on the websites of the European Investment Fund and the European Commission: CCS guarantee and Culture-creative-facility

Frequently Asked Questions

What documents should a loan applicant submit?

After filling out the loan application, we will ask you to provide the financial report for the previous year and the profit and loss statement (no older than 6 months). If this information is not sufficient, you may need to submit a brief business plan description and/or the company’s bank account statements for the last 6 months with a digital bank confirmation.

Can companies that have been operating for less than one year apply for a loan?

Yes. However, in such cases, in addition to financial reports and bank account statements, we will ask you to provide a business plan, a cash flow forecast, or an explanation of how and from what funds the loan payments will be made.

Why must a company be operating for at least one year?

When applying a loan, we want to be sure that the company’s turnover is sufficient to meet its obligations and that it will be able to repay the loan. The current cash flow shows that the company is financially sustainable. You can read more about cash flow management and why it is important in our blog post: “5 Ways to Manage Business Cash Flow.”

Can the loan be repaid early, and what are the conditions for early repayment?

Yes, you can repay part or all of the loan early. To do so, you must inform us. For loans with an EIF guarantee, no additional fees are applied for early repayment, and interest is only paid for the period the loan was used.

Can the loan period be extended?

Yes, the loan period can be extended, but the maximum contract period is 60 months. If you want to do this, you must submit a request in free form, stating the reasons why you need the extension, and send it to us by email.

Can a company experiencing financial/payment difficulties apply for a loan?

Unfortunately, this is not possible. However, each case is specific, so we always listen to the client and analyze each project individually.

Can a company apply for more than one loan?

Yes, it is possible to apply for loans more than once.

What happens if the borrower is late with monthly payments?

If there are delays, payment reminders are sent to the borrower by email. Late payment interest is charged for delays. In any case, if you know that you will encounter payment difficulties, contact Finora Bank UAB to review the payment schedule terms BEFORE the delay.

How are loan documents signed?

Electronically. We will send the loan agreement to the email address you provided, which you will sign electronically using an electronic signature, SMART-ID, or code generator. Before signing the agreement, we verify the identity of the person (the owner of the company) using iDenfy.