Financing terms

FIT loans are subject to certain financing conditions. These are detailed and explained here.

Seed loans

These loans are personally guaranteed, which means that one or more people in the company guarantee the loan to FIT, with the guarantee contract creating the guarantor's own liability for the loan granted by FIT to the company.

This is a joint and several guarantee. This means that in principle each guarantor can be sued for the full amount of the guarantee and not for a proportion of the debt. FIT will turn to the guarantors if the company is unable to repay the loan, up to a maximum of 100% of the amount due. In case of bankruptcy, FIT's policy is to waive 80% of the loan.

Growth loans

FIT Growth loans are granted by FIT for amounts ranging from three hundred thousand francs (CHF 300'000.-) to five hundred thousand francs (CHF 500'000.-), provided that private investors finance the project for at least an equivalent amount. This is a matching approach: for one franc of capital investment, FIT lends one franc, up to a maximum of 500'000 francs.

These loans are without personal guarantee but with a basic interest rate of 2% plus 6% interest at the time of repayment. The company must therefore be able to service the debt in the short and medium term, as well as the repayment, which begins after the third year.