Loan terms
Reporting
The recipient of the loan has an obligation to present a written project status report every six months.
Payments
The loan is disbursed against realized feasibility study costs incurred by the recipient company and certified by an auditor.
Pre-feasibility study costs
Nopef can cover 40% of approved feasibility study costs
Costs that Nopef may cover
- Internal/external salaries
- Travel, accommodation, transport in the target country
- Legal and financial consulting
- External consultants
- Risk and cost-benefit studies
- Translation work and interpreters
- Drafting a business plan for approval
- Business partner evaluation
Costs that Nopef may NOT cover:
- Running costs
- Marketing or marketing material
- Research and development (R&D) or various kinds of tests
- General market research without a definite connection to the business set up/ project export
- Inventories or equipment
- Finding an agent or distributor
- Training or education