Guarantees

Beneficiaries: Large companies and SMEs with a 20 million lei turnover in 2019 that were not in difficulty stage at December 31, 2019.

Maximum guaranteed credit value (not cumulative)

• 2 x total salaries expenses in 2019 or latest available year (including taxes)
• 25% of the 2019 turnover
• Estimated value that covers liquidity needs for 12 months since granting the facility (large companies) or 18 months (SME) – in exceptional cases

Guarantees cover

• 90% – new loans
• 50% – existing loans

Application deadline – 30.04.2022, signing of contracts – 30.06.2022 the latest.

Cumulative eligibility criteria

• Legal persons organized as per Law 31/1990
• Beneficiaries are not subject to state aid recovery or the respective decisions have been implemented
• There are no foreclosure, operational closure, dissolution, liquidation or special administration open procedures on the beneficiary
• Beneficiary is not subject to requests for opening legal procedure for collective insolvency or insolvency
• There are no outstanding debts towards the state budget that are not settled
• Beneficiary is not part of a legal action of any kind involving the Ministry of Public Finance* or EximBank
• Beneficiaries have not major payment incidents (cheques and payment orders) starting 01.12.2019 as per the Payment Incidents data base (considered fulfilled if payment incidents occurred after 16.03.2020 and are induced by COVID -19 outbreak)
• Beneficiaries have class A, B or C debt service since 01.12.2019 as per Central Credit Register (if debt class is different than A,B,C the criteria is considered fulfilled if debts occurred after 16.03.2020 and are induced by COVID -19 outbreak)
• Have no open litigation with EximBank
• Are not defendants in legal courts proceedings with Ministry of Public Finance including the National Fiscal Administration (ANAF)

*The eligibility condition regarding the litigations with Ministry of Public Finance/ ANAF relates to litigations of any type, registered in courts, initiated by Ministry of Public Finance/ ANAF, regardless of the procedural phase of the litigation at the date of Guarantee application.

Available products

For additional information or in case you fulfill the cumulative eligibility criteria and need to apply for the program, please contact us at suport.companii@eximbank.ro