The Line PME Invests II / QREN, financed by Community Funds – ERDF (FEDER) through the National Strategic Reference Framework (QREN) / COMPETE, with the contractual arrangement with the Credit Institutions dated of 14 October 2008, has a total allocated sum of 1,010 million Euro, with three Specific Lines:
Portuguese SME with head-office in continental Portugal.
Intended for new investment in tangible and intangible fixed assets;
Maximum deadline: 4 years (5 years for SME Leader).
MTL Bank loans.
Transactions benefit from a guarantee of up to 50% on the value of each financing.
Interest rate subsidised amounting to 0.50% plus the applicable spread by the Bank;
Full rebate of the guarantee fee.
Interest at Euribor 3 month rate minus 0.5%, with a minimum limit of 1.5%;
Guarantee fee: no charge for beneficiaries.