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| Home>Medium Companies>Loans |
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| Citibank offers loan products that can be used for financing of the working capital needs or the development of the company. To design a loan solution for your company, we leverage the knowledge of your specific needs and the experience of corporate bankers. They will quickly evaluate the credit profile of your company and will let you know whether the loan application can be submitted for final approval. |
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| Citibank offers: |
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- quick and easy processing of the financing application
- preliminary analysis free of charge
- easy drawdown and repayment "with just one click" in internet banking
- payment of interest only on the outstanding; no commitment fee is charged
- various forms of securing the loan
- the possibility of prolonging the maturity of the loan
- a visit by our company banker at your office based on your needs.
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| Citibank offers following types of loans: |
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- Working capital loan
- Ready Credit (working capital financing)
- Receivable financing
- Inventory financing
- Commercial contacts financing
- Investment loan
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| More informations about loans |
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Click on  to expand and on  to minimise the details. |
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 Working capital financing -
 Working capital loan |
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- A short-term loan for covering working capital needs.
- Maturity of 12 months with an automatic extension option.
- The loan can be drawn and repaid reflecting your needs at any time during the contractual period by a transfer of funds from your loan account to your Citibank current account and vice versa.
- Loans of up to CZK 4,500,000.
- Available in CZK, EUR, USD.
- Secured by a corporate promissory note co-accepted by the owners.
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| Ready Credit |
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- A short-term loan for covering working capital needs.
- The maximum loan amount is determined individually and depends on the credit rating of the client's business and on collateral.
- The loan can be drawn and repaid reflecting your financial needs at any time during the contractual relationship by a transfer of funds from your loan account to your current account and vice versa.
- Available in CZK, EUR and USD.
- The approval fee is set individually.
- The loan is usually secured by real estate, but it is also possible to secure it using the acquired technology. You can get funding for up to 100% of the estimated value of real estate or up to 75% of the estimated value of the technology.
- A corporate promissory note co-accepted by owners is required.
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| Receivable financing |
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- A short-term loan is intended to fund the client's claims towards his customers pre-approved by the bank.
- It is provided with maximal maturity 12 months with an automatic extension option.
- The loan limit is individually specified by the bank based on the credibility of the client's business and the need generated from the volume of mature outstanding claims.
- Available in CZK, EUR and USD.
- The drawdown amount is derived from the volume of invoices submitted to the bank for financing.
- Citibank finances mature outstanding claims towards customers it has pre-approved.
- Throughout the loan relationship, the client regularly submits a list of invoices to be financed.
- Only mature invoices are financed. The maximum maturity of invoices is 120 days.
- Unlike factoring, the bank does not buy the outstanding claims but only receives them as collateral.
- A corporate promissory note co-accepted by owners is required.
- The client does not pay any fee for individual invoices.
- The fee for providing the loan is set individually.
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| Inventory financing |
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- A short-term loan secured with inventory.
- The maximum loan amount is calculated individually and depends on the client´s credibility and on the value of the pledged inventory.
- Maximum maturity is 12 months with an automatic extension option.
- The loan can be repaid reflecting your financial needs at any time during the contractual relationship by a transfer of funds from your loan account to your current account and vice versa.
- Available in CZK, EUR and USD.
- The drawdown amount is derived from the volume of inventory pledged to the bank for financing.
- Without commitment fee; only the outstanding is subject to interest.
- The fee for providing the loan is set individually.
- The loan is secured by a pledge contract to a set of current assets.
- The loan can be secured by inventories of finished goods, publicly traded raw materials, except for agricultural commodities. We finance 30% of the value of the pledged inventory.
- A corporate promissory note co-accepted by owners is required.
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| Commercial contacts financing |
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- A short-term loan intended to finance the client's commercial contracts from the very beginning of the deal (signing the relevant contracts) until the maturity of outstanding claims derived from the contract.
- It is approved for a maximum period of 24 months. The maturity of the loan is always adjusted to the development of the financed contracts. The period of financing of individual commercial subcontracts before the first invoice is sent can be up to 9 months.
- The loan limit is specified individually by the bank based on the client's credibility and the financial needs derived from the nature, volume and development of the financed contracts.
- Available in CZK, EUR and USD.
- The drawdown amount is derived from the expenses generated during the contract fulfillment from the volume of invoices submitted to the bank for financing.
- The maximum maturity of invoices tied to contract is 120 days and can be individually extended in the case of large one-off commercial deals.
- The bank does not buy the outstanding claims, just receives them as a pledge. All outstanding claims tied to financed commercial contracts have to be pledged to the bank.
- A corporate promissory note co-accepted by owners is required.
- The client does not pay any fee for individual contracts.
- The loan matures at the end of the loan or when the financed contracts are due, whichever occurs first.
- The fee for providing the loan is set individually.
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- Investment loan
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- This installment loan is designed to finance your complex investment plans including technology purchase. The loan is provided as a medium- or long-term loan with the possibility to set up a floating interest rate.
- The loan limit is individually approved by the bank based on the client´s credit rating and the quality of the provided collateral.
- You can opt for repayment in form of annuity installments or individually agreed repayment schedule that reflects the seasonal nature of your business or character of your investment.
- Grace period can be granted.
- Maturity is up to 5 years.
- Available in CZK, EUR and USD.
- The loan is usually secured by real estate or by the acquired technology. For your development plans, you can get financing of up to 100% of the estimated value of the real estate or 75% of the value of the technology.
- A blank promissory note with the acceptance of the owners is a standard requirement.
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| You can apply for loan: |
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| Basic Conditions for Loan Approval: |
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- business activity in the field for at least 36 months
- having a current account with Citibank Europe plc.
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| Documents required for loan approval |
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- A completed loan application.
- An extract from the Commercial Register, or a business license in case of entrepreneurship.
- A copy of personal identity documents of people co-accepting a blank promissory note.
- At least 2 tax returns and financial statements including annex.
- Financial reports on the latest completed quarter.
- A list of concluded leasing contracts and bank loans.
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Click on to expand and on  to minimise the details. |
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| What is the interest rate? |
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| The interest rate is determined by the bank on a case by case basis according to the client's credit rating, the quality of the security provided, and the type of loan. |
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| Can the loan be paid off early? |
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- Working capital loans - may be paid off (or drawn on) at any time, as you need. Loans are repaid via internet banking.
- Investment loans - early payment (in full or partial) is possible based on a request approved by the bank, provided the loan contract does not expressly forbid it.
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