Concessional export credits

One form of export subsidy open to Austrian companies is soft export loans to finance export production and/or deferred payments. In addition, subsidies are available to finance foreign direct investment by Austrian companies.

The following types of credit are available:

Austrian Export Fund loans
These are working capital loans to small and medium-sized enterprises (SMEs) to co-finance export receivables and/or orders. In some cases medium-term loans can also be extended to finance the cost of developing markets outside the EU.
Österreichische Exportfonds GmbH (Austrian Export Fund Ltd) credits these funds to exporters’ accounts with Erste Bank; there are no bank charges.
You can use Export Fund credit lines to finance exports equal to up to 30% of the previous year’s export turnover.

KCL loans
Kontrollbank Credit Line (KCL) credit facilities are concessional loans for large companies, used to co-finance export receivables and/or orders. In some cases medium-term loans can also be extended to finance the cost of developing markets outside the EU.

Österreichische Kontrollbank AG credits these loans, made on the basis of bills of exchange, to the exporter’s Sparkasse account; there are no bank charges.You can use Export Fund credit lines to finance exports equal to up to 10 % of the previous year’s export turnover.

EFS loans
Export Financing Scheme (EFS) loans are soft export loans that can be used for all purposes. They can be employed to finance ongoing export receivables and individual transactions, as well as medium and long-term investment loans to pay for foreign direct investments and projects.

To qualify for an EFS loan it is necessary to hold a federal guarantee issued by Österreichische Kontrollbank, a private export credit insurance policy, a federal bill of exchange or a guarantee issued by Austria Wirtschaftsservice GmbH (AWS).