Matching funds credits

 

EximBank is part of the process speeding up absorption of European funds, by providing a funding package for companies and public authorities using European money.

  • Used as matching funds for the company’s contribution to the project funded from structural funds.
  • SMEs, large companies and public entities which have signed a funding contract with the management authority in charge of managing and implementing financial assistance regarding structural instruments of the EU for operational programs.
  • Funding may cover:
    – eligible and ineligible expenses of the project (including VAT)
    – working capital needs
  • Credit period – short, medium or long term, depending on the type of project investment, implementation period, reimbursement capacity.
  • Currency – RON or EUR.
  • Grace period: correlated with the project schedule
  • Reimbursement in monthly/quarterly/semestrial rates.
  • This credit may cover up to 85% of the value of the matching funds amount, and the value of the ineligible expenses pertaining to the project

 


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