CKB

Start-up loans

  • Loan purpose: investments in fixed assets and working capital
  • Repayment:
    • monthly /equal annuities or instalments/
    • quarterly /equal annuities or instalments/

Product description

The product is designed for entrepreneurs and companies intending to invest in fixed assets and working capital, land, buildings, equipment, as well as intangible assets (purchase of patents, licenses, special skills and knowledge or non-patented technical know-how).


These loans are approved to companies operating less than a year.


For these loans, 50% of the funds comes from CKB and 50% from the Directorate for the Development of Small and Medium Enterprises.


The approved loan amount is made available to the borrower with the repayment period of up to 8 years, including a 2-year grace period.


The Bank introduced the product in 2008 and is providing it solely in cooperation with the SME Directorate. As for 2009, the SME Directorate has not announced public invitation and for that reason the Bank is not currently offering this product. In case you are interested, you may start an initiative with the SME Directorate and the Bank will be glad to keep supporting all its existing and future clients.


The purpose of this product is to encourage establishment and development of SMEs. Clients that meet specified requirements are given a possibility to implement planned investments or finance their working capital under exceptionally favourable conditions, alleviating their financial strain and providing them with an opportunity for stronger market approach and more equal market competition.


CKB is the only bank in Montenegro that may fully support the current and development needs of both small and medium sized companies and large companies.

Product price

Product price, i.e. interest rate is determined on the basis of economic and financial analysis of the company, credit history, turnover on the account with CKB, collateral quality and value, etc.

How to apply for a loan?

To apply for a loan facility of this kind, it is necessary to submit to the SME Directorate your feasibility study and documentation referred to in their invitation, and in case of positive assessment by their Committee, the application will be forwarded to the Bank. After that, the application is going to the Client Adviser, who prepares proposal for the Banks Credit Committee that brings decisions on received applications. Upon the completion of the decision-making process, the Client Adviser will inform the client on whether the application has been approved and upon which terms and conditions.