1. IMM INVEST program for guaranteeing loans for working capital and investments for SMEs
- Credit guarantee: 80% or 90% of investments and working capital loans/credit lines contracted by micro, small and medium-sized company
- Interest subsidies on loans: 100% until the end of the year 2020
- Guarantee ceiling:15.000.000.000 RON
- Number of beneficiaries:40.000 of SMEs
- Availability: 36 months for working capital loans, 72 months for investments loans
- Beneficiaries: micro, small and medium-sized enterprises and small enterprises with average capitalization
2. State guarantees for lending to LARGE COMPANIES (turnover higher than 20,000,000 RON) for working capital and investments
- Credit guarantee: max. 90%, for new loans or loans already granted by commercial banks for investments and/or for financing current operations
- Guarantee ceiling: 8.000.000.000 RON
- Number of beneficiaries: 600 big companies
- Availability: the period of loans cannot exceed 6 years
- Beneficiaries: large companies with turnover higher than 20.000.000 RON and over 250 employees
Measures:
Measure A
Granting three categories of guarantees, in the name and on behalf of the state, for companies affected by COVID-19 pandemic, covering the need for guarantee in the proportion of a maximum of 90%, for new or already granted loans by banks for investment and / or to support the current activity of beneficiary
Measure B
Consists of providing funding with the State aid component on behalf of the state, for affected companies of the COVID-19 pandemic, in order to achieve investments and / or to support the current activity.
Measure C
Consists in granting products with a de minimis component, respectively the compensation of interest on ongoing loans, subsidizing interest on new loans and guarantee ceilings with component of de minimis for working capital loans granted by commercial banks.
Measure D
Consists in granting credits, guarantees and insurance under market conditions in the name and account of the state. Will be used in this respect the current standard products offered by EximBank.
Eligibility criteria:
- The company is a legal persons of private law, established on the basis of the Companies Law no. 31/1990, republished, with subsequent completions and modifications;
- Falls into the category of SMEs that have turnover over 20 million lei in the year 2019 or falls into the category of large enterprises
- No decisions were issued against for recovery of state aid or in the case in which such decisions have been issued they were executed, according to the legal provisions in force
- The company Is not in the procedure of forced closure, operational closure, dissolution, liquidation or special administration and it is not subject to courts decision to open a procedure of preventive settlement or insolvency, at its initiative, or at the request of a third creditor;
- The company is not in dispute with EximBank
- The company is not in litigation, as a defendant, with Ministry of Public Finance
- The company has no overdue budget obligations
