Working Capital Loan for Export Transactions (KRR)
Low-interest, revolving framework loan from OeKB for large exporting companies with a framework amount of up to 25% of export sales. Risk assumption through a bill guarantee up to 80%. Applications accepted continuously until 31.12.2040.
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Grant criteria
Funding objective
Financing the ongoing export activities of Austrian large enterprises through a flexible working capital loan at sustainably favorable conditions and risk relief for the house bank through a government-backed bill guarantee.
Eligible expenses
- Operating resources and supplies for export activities
Eligible to apply
- Companies
Funding requirements
- Austrian company headquarters
- Export activity or supply to Austrian export companies
- Meets the EU definition of a large enterprise: - at least 250 employees or - annual turnover > €50 million and balance sheet total > €43 million or - at least 25% ownership by a large enterprise
Documents required for application
- Framework loan application form
- Borrower's declaration
- Form for calculation of indirect export sales
- Bank loan statement of the exporter
- Annual financial statements for the last two fiscal years
- Current actual figures
Evaluation criteria
- Creditworthiness of the company
- Amount of export sales
- Sustainability of export projects
Description
The Working Capital Loan for Export Transactions (KRR) of the Oesterreichische Kontrollbank Aktiengesellschaft (OeKB) supports Austrian large enterprises in financing their ongoing export activities with a flexible, revolving credit line. The credit limit amounts to up to 25% of the previous year's export turnover; in exceptional cases, it can be newly determined based on a justified and sustainable export turnover forecast. To relieve the house bank, the Republic of Austria assumes up to 80% of the credit risk through a state promissory note guarantee, thereby enabling permanently favorable interest conditions. The interest rate is set quarterly by the OeKB. Eligible for funding are companies with an Austrian registered office that meet the EU definition of a large enterprise (at least 250 employees or more than €50 million annual turnover and €43 million balance sheet total, or 25% ownership by a large enterprise) and export goods or services or act as suppliers.
Applications can be submitted at any time until December 31, 2040; project commencement is possible from March 1, 2024. The maximum funding amount is 25% of the previous year's export turnover, with a funding rate of 80%. Eligible expenses include working capital and inventories for export activities. Evaluation criteria are the company's creditworthiness, the volume of export turnover, and the sustainability of the export projects. Various documents are required for the application, including the Framework Loan Application Form, the Borrower's Declaration, the form for calculating indirect export turnover, bank credit statements, annual financial statements for the last two fiscal years, as well as current actual figures. The OeKB acts as a partner to the house bank and ensures a fast and unbureaucratic process to sustainably secure Austrian large enterprises' access to low-interest export financing.
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