The applicant fills out an Application Form , which will be checked by the Project Consultant for SME eligibility.

The Project consultant will support the applicant to prepare an alignment plan describing how the proposed investment will help them meet at least one requirement of the EU Directives and Norms, check the documentation and if necessary advise on any modifications needed. The consultant will also indicate the maximum size of the proposed investment.

If the applicant meets the standard bank lending criteria, the applicant will be asked to sign a Letter of Engagement.

As a next step the applicant should fill in a loan Application and attach an Investment Plan (IP) on the basis of a template provided by the project consultant. The project consultant simply checks the investment plan to ensure it complies with the very straightforward eligibility requirements and if necessary advises on any necessary modifications, or conditions. If all sides are now in agreement, the applicant signs the loan agreement with the Bank.

Once the project is implemented, the borrower sends a filled Compliance Verification Request (CVR) to the Project consultant who forwards it to the Verification Consultant.

The Verification Consultant checks that the project complies with the parameters specified in the Investment Plan, and if yes the incentive grant will be transferred to his account.