Easier access to financing
for small and medium-sized enterprises
IMM GARANT is a guarantee product that facilitates access to loans
for small and medium-sized enterprises by issuing financial guarantees
that supplement the collateral required by financial institutions.
Financing conditions
Investments in value-added sectors (including renewable energy – RES)
may benefit from a guarantee of up to 80%, regardless of the type of enterprise.
For other sectors, the guarantee rate varies depending on the founder and the age of the business.
New SMEs
(activity under 12 months)
Guarantee rate (general sectors):
- Young person / woman: <70%
- Other founder: <60%
Maximum guarantee amount:
- Micro: 2.000.000 lei
- Micro (RES): 5.000.000 lei
Eligibility:
- Micro-enterprises only
Active SMEs
(activity longer than 12 months)
Guarantee rate (general sectors):
- Young person / woman: <70%
- Other founder: <50%
Maximum guarantee amount:
- Micro: 5.000.000 lei
- Small enterprises: 10.000.000 lei
- Medium enterprises: 20.000.000 lei
- Export capacity growth — investments demonstrating exports or firm export commitments through contracts, purchase orders, invoices, transport documents, or equivalent proof.
- Renewable energy (RES) — investments in non-intermittent sources or photovoltaic/wind systems with properly sized storage batteries; batteries or hybrid inverters are also eligible with supporting technical documentation.
- Energy efficiency — investments that reduce operational and maintenance costs, including heat pumps, efficient technological equipment, cogeneration, solar collectors, motors with frequency converters, thermal insulation, smart energy management systems, supported by relevant documentation.
- Digitalization — implementation of software and IT solutions (ERP, CRM, accounting, e-commerce, cybersecurity) and the necessary IT equipment, confirmed by contracts and invoices.
- Modernization of the industrial and agri-food sector — investments in advanced technologies, automation, and modernization of production lines to increase competitiveness and productivity.
- Support for activities in villages and communes — loans for effective and permanent production or service activities in rural localities.
- Circular economy — recycling, waste recovery, and secondary raw material reuse projects.
- Research, development, and innovation — R&D projects, prototypes, innovative technologies, or processes.
- Sustainable tourism and agritourism — investments documented through operating permits and invoices/contracts.
- Education and vocational training — investments aimed at developing employees’ skills through training centers, educational spaces, or vocational training programs.
What the guarantee product offers
Access
to financing
Obtain loans more easily, even if you do not have sufficient collateral.
Risk
reduction
The ODA guarantee
covers part
of the loan.
Better
conditions
Access financing
under more advantageous conditions.
Support for development
Investments,
business expansion,
and growth.
Eligibility criteria
Only newly granted loans that meet the following criteria are eligible for guarantees:
- The loan must be used for eligible expenses according to the categories defined under the Product.
- The loan falls under the “Standard” or “Supervised” risk category according to NBM regulations.
- For working capital loans: the grace period (for principal or interest) cannot exceed 24 months.
- For investment loans: the grace period is determined by the partner financial institution according to the project specifics and the beneficiary’s profile.
- The guarantee is granted for refinancing only if accompanied by a new eligible loan.
- Refinancing must be part of a financing structure that facilitates access to new financing.
- Guarantees may be issued separately for each loan (including refinancing).
- Simple refinancing cases (without a new loan) are not eligible.
- Only loans with no delays exceeding 30 consecutive days during the last 12 months are eligible.
Credit lines (including renewed ones) may also be guaranteed if a complete risk reassessment has been carried out by the partner financial institution and the beneficiary had no arrears exceeding 30 consecutive days during the last 12 months.
Ineligible expenses
Loans used for the following are not eligible for guarantees:
- direct or indirect financing of the acquisition of companies, shares, or equity interests;
- acquisition or construction of real estate/commercial premises intended exclusively for rent;
- financing the construction of residential buildings in the municipality of Chișinău;
- acquisition of vehicles under tariff position 8703 and/or category M1 (passenger transport, maximum 8 seats excluding the driver);
- acquisition of residential real estate if the change of destination to commercial use is not undertaken and completed within a maximum of 12 months;
- retroactive financing of already incurred expenses or completed investment projects;
- projects involving compliance, reputational, or legal risks, even if not explicitly listed above.
The complete list of ineligible expenses is provided in the IMM GARANT Guarantee Product.
How does the program work?
Apply for a loan
Submit a financing request to a bank or non-bank lending institution, specifying the purpose of the loan.
Note: There is no need to apply separately for the guarantee.
The application is reviewed
The financial institution assesses the business eligibility and repayment capacity. If additional guarantees are needed, the financier decides to request a guarantee from ODA.
The guarantee is requested and granted
The bank or non-bank lending institution submits the guarantee request to ODA.
ODA reviews the request and issues the financial guarantee covering part of the loan.
Receive the financing
After the guarantee is approved, the loan is granted and you may use the funds for business development.
You may apply directly through one of the partner financial institutions.
BC „FINCOMBANK” SA
fincom@fincombank.md
022 269 900
BC „VICTORIABANK” SA
office@victoriabank.md
022 576 100
BC „MOLDINDCONBANK” SA
info@moldindconbank.com
022 576 782
BC „ENERGBANK” SA
office@energbank.com
022 858 099
O.C.N. Microinvest S.R.L.
microinvest@microinvest.md
022 801 701
BC „Eurocreditbank” SA
info@ecb.md
022 500 101
OTP Bank SA
info@otpbank.md
022 256 456
BC „MAIB” SA
info@maib.md
022 025 270
BC „Eximbank” SA
info@eximbank.md
022 301 102
BC „COMERȚBANK” SA
secretary@comertbank.md
022 839 839