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Projects with European Union support may differ slightly depending on the project and the support measure. Usually, you have to go through nine stages to implement a project.
- Develop the idea of you project.
- Prepare a development project or business plan for your idea. SEB can give you useful advice when you’re still preparing the project.
- Prepare a financing scheme. It would be good if you contacted SEB immediately when you start preparing a project, so that we can find the best solution for financing the project together. We also help you to prepare the project plan and support applications.
Apply for financing from the bank. Get all the required documents and submit them to the Client Executive. The purpose of these documents is to give the bank a detailed overview of the current situation as well as the planned investment – what, why and how are you planning to do. We prepare the financing contract if our response is positive. - Complete the preparations for the project if necessary: building design, detailed plans or research.
- Submit a support application to the relevant implementing agency. For example, the implementing agency for enterprise support is Enterprise Estonia.
The implementing agency makes a decision about supporting the project and informs you as the applicant thereof. You have to pass on the implementing agency’s decision to the bank. - You can start implementing the project with the financing received from the bank if the implementing agency’s decision was positive.
- Submit the relevant reports to the implementing agency after you have completed your project. The implementing agency has the right to check whether or not the project was implemented.
- The support is transferred to your account.
- You have to repay the bridge financing received from the bank with the support you received.
