Closed since april 30th 2015

The Credit Line PME Crescimento 2014, available as of 3 March 2014, has an overall envelope of 2,000 million Euro, with three Specific Lines aimed at:

Specific Micro and Small Enterprises Line:  500 million Euro;

Specific General Line: 1,000 million Euro. Within this line, there is a “Working Capital Allocation” in the amount of 500 million Euro and an “Investment Allocation” in the amount of 500 million Euro.

Specific Commercial Credit to Exporters Line – 500 million Euro.

Eligible transactions

Micro and Small Enterprises Line

New investment in tangible or intangible fixed assets (to be held within 12 months after the date of contracting), or enhancement of working capital or fixed capital;

Exceptionally, up to 30% of the transaction may be used to settle debts with the financial system in the 3 months preceding the date of their engagement designed exclusively for regularization of arrears to the Tax and Social Security debts.

General Line

New investment in tangible or intangible fixed assets (to be held within 12 months after the date of contracting), acquiring companies complementing the activity or the enhancement of working capital or fixed capital;

Exceptionally, up to 30% of the transaction may be used to settle debts with the financial system in the 3 months preceding the date of their engagement designed exclusively for regularization of arrears to the Tax and Social Security debts.

Commercial Credit to Exporters Line

Transactions designed solely to finance the cash requirements relating to commercial operations involving temporary additional working capital needs.

Mutual Guarantee

Credit transactions to conclude under this line benefit of an autonomous first demand guarantee provided by SGM, aimed at ensuring:

Up to 70% of principal outstanding at each moment of time in Specific Micro and Small Enterprises Line;

Up to 50% of principal outstanding at each moment of time in Specific General Line;

Up to 55% of the limit available in each moment of time in Specific Commercial Credit to Exporters Line.

Bonuses

Full rebate of the mutual guarantee commission, in accordance with the Table available in the Disclosure Document.

Interest Rate to be borne by the companies

The companies and the Bank shall negotiate with a maximum cap corresponding to Euribor (3 months) plus a spread, in accordance with the Table available in the Disclosure Document.

For more information see the Disclosure Document.

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