How to apply for an interest subsidy

This scheme is open to any business created in the Principality within the last five years that is looking to finance an investment using a bank loan.

The loans must be taken out specifically to cover the cost of material investments such as:

• Construction or other work
• Office furniture and other professional equipment
• Stock
• Purchasing a business
• And so on

The government covers the difference between the bank’s interest rate and the Euribor rate, up to a maximum of 3 percentage points for business start-up grant recipients and 2 points for all other applicants. Support is capped at €300,000, even if the loan amount is higher.

The subsidy is paid quarterly, directly into the business’s bank account, once proof is provided (in the form of confirmation from the bank) that the relevant loan repayments have been debited.

Each business can submit only one application per year.

To apply for an interest subsidy for a business loan, you must submit a complete application including the following documents: 

• A letter formally requesting a subsidy and detailing the subject of the loan request
• A financing plan for the investment
• The loan contract from the financial institution or bank
• The loan repayment schedule

You can email your completed application to the following address: mbo@gouv.mc.

For more information about the scheme, contact the Business Development Agency: