Financing terms

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

FIT TECH LOANS

  • Tech Seed loans

These loans bear 0% interest and are repayable over 7 years.
Tech Seed loans include a conversion option on 25% of the loan, at the conversion price of the next financing round. The option may be exercised within 10 years of obtaining the loan, in the event of a liquidity event.
On expiry of the option, and if the option has not been exercised beforehand, the start-up repays the nominal 25% + a bonus of CHF 25,000.

  • Tech Growth loans

FIT Tech 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 pay 2% interest on 75% of the loan and are repayable over 7 years.
Tech Growth loans include a conversion option on 25% of the loan, at the conversion price of the financing round matched by FIT. The option may be exercised within 10 years of obtaining the loan, in the event of a liquidity event.
On expiry of the option, and if the option has not been exercised beforehand, the start-up repays the nominal 25% + a bonus of CHF 45,000 to CHF 75,000 depending on the amount of the loan.

FIT Digital loans

  • Digital Seed loans

These loans bear 0% interest and are repayable over 5 years.
Digital Seed loans include a conversion option on 25% of the loan, at the conversion price of the next financing round. The option may be exercised within 10 years of obtaining the loan, in the event of a liquidity event.
On expiry of the option, and if the option has not been exercised beforehand, the start-up repays the nominal 25% + a bonus of CHF 12,500.

  • Digital Growth loans

FIT Digital Growth loans are granted by FIT for two hundred thousand francs (CHF 200'000.-), 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 200'000 francs.

These loans pay 2% interest on 75% of the loan and are repayable over 5 years.
Digital Growth loans include a conversion option on 25% of the loan, at the conversion price of the financing round matched by FIT. The option may be exercised within 10 years of obtaining the loan, in the event of a liquidity event.
On expiry of the option, and if the option has not been exercised beforehand, the start-up repays the nominal 25% + a bonus of CHF 30,000.