Malta Enterprise currently offers a variety of diverse funding options, aimed at developing and enhancing small to medium sized businesses on the island. In this article we focus on the Soft Loan. It is designed to support existing businesses to; accelerate plans to establish new products, enter a new geographic market, address environmental concerns, and/or digitise processes.
Companies that meet the requirements can benefit from a Soft Loan covering part of the funding requirements, up to €1,000,000.
How Does it Work?
An eligible undertaking may be supported through a soft loan to:
a) facilitate a development or expansion project based on a business plan to israel mobile database develop a new product or enter a new geographic market
b) address environmental issues such as; water usage, water treatment, waste treatment, reduction, and reuse
c) optimise business processes through digitalisation and advanced technologies
d) projects aimed to achieve a high level of sustainability
Supported projects must have an implementation period which is not longer than eighteen months and the loan may cover up to 75% of the costs related to the proposed project, including the; procurement of assets, wage costs, know-how and other non-recurring costs.
Financial Support for Existing Maltese Companies via a Soft Loan
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