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:
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.
Credit transactions to conclude under this line benefit of an autonomous first demand guarantee provided by SGM, aimed at ensuring:
Full rebate of the mutual guarantee commission, in accordance with the Table available in the Disclosure Document.
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.