Closed since april 5th 2010

Following the Credit Lines PME INVESTE, PME INVESTE IV was contractually arranged with the Bank as of 15 June 2009.

This Credit Line for SME has an overall budget of 1,960 million Euro, 1,206 million Euro of which are for the Exporter Sector and 754 million Euro are directed to Micro and Small Enterprises (MSE).

Plafind

1,206 million Euro.

Beneficiaries

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

Do not form part of a Group with consolidated turnover higher than 150 million Euro;

Exports at least 10% of turnover or more than 150 thousand Euro, including billing of products and services built directly into exports of other exporters.

Funding transactions

New investment in tangible or intangible or enhancement of working capital or fixed capital fixed assets.

Maximum amount of funding

1 million Euro (1.5 million Euro if an SME Leader).

Minimum funding

100,000 Euro.

Deadline

To 5 years.

Mutual Guarantee

Guarantee of up to 50% on the value of each financing.

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 cost for the beneficiaries.

Plafond

754 million Euro.

Beneficiaries

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

Funding transactions

Investments and permanent capital needs.

Valor máximo do financiamento

25 mil euros se for Micro / 50 mil euros se for Pequena Empresa.

Maximum amount of funding

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

Term

3 years.

Mutual Guarantee

Guarantee of up to 75% on the value of each financing.

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 or the Social Security, and/or are in a difficult economical status shall be out of scope.

For more information see the Disclosure Document.

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