Closed since june 26th 2009

The Line PME INVESTE III was launched in January 2009, currently featuring a total amount of 1,872 million Euro.

Under Line PME INVESTE III the following Specific Lines were created:

Exporting Sectors

Plafond

625 million Euro (of which 100 million Euro was allocated to the Textile, Clothing and Footwear Sectors);

Beneficiaries

Portuguese companies with head-office in continental Portugal and which:

Do not form part of Groups with a consolidated profit higher than 150 million Euro;

Export at least 25% of its turnover or more than 1 million Euro, including billing of products and services built directly into exports of other exporters.

Funding Transactions

Strengthening of permanent capital to be invested in investment in fixed assets and working capital.

Maximum amount of funding

1 million Euro (1,5 million Euro if an SME Leader).

Minimum funding

200,000 Euro.

Term

5 years.

Bonuses

Subsidised spread applicable by the Bank to each transaction minus operating rate of 1%;
Full rebate of the guarantee fee.

Charges borne by beneficiaries

Interest at Euribor 3 plus 1%, with a minimum limit of 1.5% month;
Guarantee fee: no charge for beneficiaries.

Automobile Sector

Plafond

100 million Euro.

Beneficiaries

Portuguese companies with head-office in continental Portugal, namely:

Industrial companies in the auto industry including the production of components and moulds, listed in class (“divisão”) 29 and subclass 25734;

Companies with activities included in section C of the “CAE” listing, which volume billing to companies with activities listed in class (“divisão”) 29 represent at least 30% of annual turnover or at least 1 million Euro;

Companies which turnover is less than 150 million Euro.

Funding operations

Strengthening of permanent capital to be invested in investment in fixed assets and working capital.

Maximum amount of funding

2 million Euro (2.5 million Euro if an SME Leader).

Minimum funding

200,000 Euro.

Term

5 years.

Bonuses

Subsidised spread applicable by the Bank to each transaction minus operating rate of 1%;
Full rebate of the guarantee fee.

Charges borne by beneficiaries

Interest at Euribor 3 plus 1%, with a minimum limit of 1.5% month;
Guarantee fee: no charge for beneficiaries.

Tourism Sector - Investment

Plafond

328.5 million Euro.

Beneficiaries

Portuguese companies with head-office in continental Portugal and having a turnover of less annual turnover of 150 million Euro.

Scope of funding transactions

Investment construction or remodelling of hotel accommodation or other tourist activities and projects as well as investments in infrastructure providing services exclusively to tourism businesses.  Service the debt incurred to finance the construction or remodelling of such projects or activities, as well as the infrastructures mentioned, provided that the beginning of the respective running of business has not occurred prior to 1 January 2006 or after 31 December 2011.

Maximum amount of funding

5 million Euro (6 million Euro if an SME Leader).

Term

15 years. However, the bonus interest rate and guarantee fee only apply to loan repayment terms of 7 years.

Subsidies (for a repayment period of loans 7 years)

Subsidised spread applicable by the Bank to each transaction minus operating rate of 1.5%;
Full rebate of the guarantee fee.

Charges borne by beneficiaries

Interest at Euribor 3 plus 1%, with a minimum limit of 1.5% month;
Guarantee fee: no charge for beneficiaries.

Tourism Housing and Rural Tourism

Plafond

10 million Euro.

Beneficiaries

Portuguese Micro and Small Enterprises (certified with Electronic Statement issued by IAPMEI), with head-office in Portugal which:

Develop their activity in subclass 55202 – Rural Tourism of “CAE” – Rev. 3, provided that they are classified as Tourism House, “AgroTurismo” (agricultural tourism), “Casa de Campo” (country house) or “Hotéis Rurais” (country hotels);

Hold a use license for a Tourism Housing (“Turismo de Habitação”) (TH) or Rural Tourism (“Turismo em Espaço Rural”) (TER), in order to prove that the funding is for an existing tourist development.

Funding transactions

Investments remodelling and resize to 20% of the capacity of existing housing, new fixed tangible and intangible assets and strengthen the working capital associated with investment in fixed capital.

Maximum amount of funding

200,000 Euro.

Term

15 years. However the bonus interest rate and guarantee fee only apply to loan repayment terms of seven years.

Bonuses

Interest rate subsidised amounting to 0.75% plus the applicable spread by the Bank (full rebate if property classified under the General Legal Framework for Cultural Heritage);
Full rebate of the guarantee fee.

Charges borne by beneficiaries

Interest at Euribor 3 month rate minus 0.75%, with a minimum limit of 0.65% (without cost to beneficiaries in case of properties classified under the General Legal Framework for Cultural Heritage);
Guarantee fee: no cost for the beneficiaries.

Supporting the Treasury of Tourism Enterprises

Plafond

150 million Euro.

Beneficiaries

Portuguese companies with the head-office in Portugal and have a annual turnover of less than 150 million Euro.

Funding transactions

Reinforcement of permanent capital to be invested in working capital or liquidation / redemption of secured current accounts and short-term loans (up to 1 year).

Maximum amount of funding

1 million Euro (6 million Euro if corporate Group).

Term

3.5 years.

Bonuses

Subsidised spread applicable by the Bank to each transaction;
Full rebate of the guarantee fee.

Charges borne by beneficiaries

Interest at Euribor 3 months, with a minimum limit of 1.5%;
Guarantee fee: no cost for the beneficiaries.

Business support of the Western Region

Plafond

1.5 million Euro.

Beneficiaries

Portuguese companies with head-office in the in Western Region (*) of Portugal and have a annual turnover of less than 150 million Euro.

Funding transactions

Investments in buildings and equipment resulting from damage caused by the storm of December 2009, duly itemized in the report of the Insurance Company.

Maximum amount of funding

Up to the amount of investment for the damage, less the amount of compensation paid by the Insurance Company.

Term

3.5 years.

Bonuses

Full rebate of the interest rate and the guarantee fee.

Charges borne by beneficiaries

No cost for the beneficiaries.

(*) Western Region of continental Portugal: Alcobaça, Alenquer, Arruda dos Vinhos, Bombarral, Cadaval, Caldas da Rainha, Lourinhã, Nazaré, Óbidos, Peniche, Sobral de Monte Agraço, Torres Vedras.

Micro and Small Enterprises (MSE)

Plafond

675 million Euro (of which 80 million allocated to Textile, Clothing and Footwear Sectors).

Beneficiaries

Portuguese Micro and Small Enterprises (certified with Electronic Statement issued by IAPMEI), with head-office in continental Portugal and with turnover of less than 10 million Euro.

Funding transaction

Strengthening of permanent capital to be invested in investment in fixed assets and working capital.

Maximum amount of funding

25,000 Euro if Micro / 50,000 Euro if Small.

Term

3 years.

Bonuses

Interest rate subsidized amounting to 0.25% plus the applicable spread by the Bank;
Full rebate of the guarantee fee.

Charges borne by beneficiaries

Interest at Euribor 3 month rate minus 0.25%, with a minimum limit of 1.5%;
Guarantee fee: no cost for the beneficiaries.

In any one of the aforementioned Lines, companies with have non-justified credit incidents with banks or the SGM, or debts to the Tax Authorities, Social Security, IAPMEI, Turismo de Portugal or IEFP, and/or are in a difficult economical status shall be out of scope.

Mutual Guarantee

Transactions within the Specific Lines Exporting Sectors, Automobile and Tourism – Investment benefit from an independent guarantee of up to 50% on the value of each financing.

The transactions within the Specific Lines “TH/TER”, Support for Tourism Treasury, Support for Companies in the Western Region and MSE, benefit from an independent guarantee of up to 75% of principal outstanding.

For more information see the Disclosure Document

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