The Credit Line Comércio Investe, was available from 13 March 2014 to 20 october 2017, had a total amount of 25 million Euro and worked as a direct response to the difficulties of companies accessing finance, thereby enabling improved financial support of approved projects under Measure “Comércio Investe”. With a mutual guarantee, counter-financed by the Fund for the Modernization of Commerce (Fundo de Modernização do Comércio), this credit line also provided for the payment of fees charged by mutual guarantee companies, allowing developers of projects supported by Measure “Comércio Investe” to access additional financial resources necessary for execution of approved investments.
Financing of eligible project expenses provided for in approved applications under Measure “Comércio Investe”, including new investment in tangible and intangible fixed assets, as well as enhancement of working capital associated with the approved project.
Credit operations to conclude under this line benefit of an autonomous first demand guarantee provided by SGM, to guarantee up to 70% of principal outstanding at each moment of time.
Full rebate of mutual guarantee fee, corresponding to 1.725% on the outstanding principal at each moment of time.
The companies and the Bank shall negotiate with a maximum cap corresponding to Euribor (6 months) plus a spread of 4.200%.