The Credit Line to Support Business Sector and Recovery of Companies affected by fires, available from October 24, 2016, has an overall envelope of 10 million Euro and aims to support companies that suffered damage caused by the fires that affected several regions of the country in the summer of 2016, including the Autonomous Region of Madeira.
Eligible operations
Loans to enter under this line benefit from an independent guarantee on first demand provided by SGM, to guarantee up to 75% of the amount outstanding at each moment of time.
The companies and the bank shall negotiate with a maximum cap corresponding to Euribor (12 months) plus 25% of the spread contracted for the operation, with a maximum limit of 3.25%.