Closed since february 3rd 2017

The Credit Line PME Crescimento 2015,  was available since 1st April 2015 till 3rd february 2017, with an overall envelope of 1,650 million Euro, with four Specific Lines aimed at:

Specific Micro and Small Enterprises Line:  329 million Euro;

Specific Working Capital and Investment Line: 1,267 million Euro. Within this line, there is a “Medium-Term Allocation” in the amount of 143 million Euro and a “Long-Term Allocation” in the amount of  1,124 million Euro.

Specific High Growth Companies Line – 36 million Euro.

Specific Commercial Credit to Exporters Line – 18 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.

Working Capital and Investment 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.

High Growth Companies Line

Transactions designed solely to finance working capital or fixed capital;

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, High Growth Companies Line and “Long-Term Allocation” of Specific Working Capital and Investment Line

Up to 60% of the limit available in each moment of time in Specific Commercial Credit to Exporters Line.

Up to 50% of the limit available in each moment of time in “Medium-Term Allocation” of Specific Working Capital and Investment 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 (6 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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