SMEs guarantee ceiling for investments with EU funds
The commercial banks can sign a ceiling agreement within which they benefit of guarantees issued by Exim Banca Romaneasca in the name and on the account of the state for investment credits granted to the SMEs which implement projects conducted with European funds.
Characteristics
They cover up to maximum 80% the SMEs guarantees required;
They are issued in RON;
The do not have a maximal nominal value/SME;
Tenor:
- 10 years in case of investment credits granted from European funds,
- 3 years for treasury credits granted to pre-finance eligible expenses until the receipt of the amounts from the management authority,
- 3 years for letters of guarantee regarding the securing of repayment of the amounts SMEs collected in advance from the management authorities.
Beneficiaries
- Banks granting investment credits to SMEs for projects conducted with European funds.
Advantages
The guarantees are associated to the credits which finance:
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- eligible and non-eligible expenses representing SME’s own contribution to the implementation of the investments project performed with European funds, or
- eligible and non-eligible expenses representing SME’s own contribution to the implementation of the investments project performed with European funds, until the receipt of the required amounts from the management.