The maximum value of a financing can reach 10 million lei for investment projects and up to 5 million for working capital, and the state guarantee can cover up to 90% of the loan value.
To overcome economic difficulties created by Russia's invasion of UKRAINE, the Government of Romania approved through GEO 99/2022 the IMM INVEST PLUS state aid scheme and its components - IMM INVEST ROMANIA, AGRO IMM INVEST, IMM PROD, GARANT CONSTRUCT, INNOVATION and RURAL INVEST, through which they can access to state aid in the form of loan guarantees and grants. State aid can reach up to 500,000 euros/enterprise/UAT, except in the field of primary production of agricultural products where beneficiaries can receive up to 62,000 euros/enterprise or 75,000 euros for beneficiaries in the field of aquaculture and fishing.
Call closing date: December 31, 2022
September 15, 2022
The guarantee percentage is a maximum of 90% of the loan amount.
cpartner IMM INVEST ROMANIA facilitates access to financing for small and medium-sized enterprises and small enterprises with medium market capitalization, including professionals, by accessing one or more loans for making investments or loans/credit lines for working capital, including for the refinancing of other loans investments or expenses intended for the acquisition of shares and shares.
The AGRO IMM INVEST component is dedicated to small and medium enterprises and small enterprises with medium market capitalization, including professionals, in the field of agriculture, fishing, aquaculture and the food sector.
The IMM PROD component aims to grant government guarantees requested to ensure liquidity and finance investments by SMEs, including start-ups, from the urban area operating in productive sectors.
The GARANT CONSTRUCT component aims to grant government guarantees for improving energy efficiency, supporting investments in the field of green energy and aligning with environmental objectives.
The economic operator organized in one of the forms listed above must meet the conditions for inclusion in the category of small and medium-sized enterprises provided by Law no. 346/2004 regarding the stimulation of the establishment and development of small and medium-sized enterprises, with subsequent amendments and additions.
5 million for working capital
10 million lei for investment projects
5 million lei the maximum amount of financing for beneficiaries in the field of primary agriculture, aquaculture and fish farming
SMEs operating in one of the areas included in the Procedure
The grant granted to a beneficiary cannot exceed the equivalent in lei of the sum of:
Interest related to loans/credit lines for financing working capital and investments are subsidized 100% for a period of 12 months by the Ministry of Finance, except for those granted to the beneficiaries of the AGRO IMM INVEST component.
By way of exception, the beneficiaries of AGRO IMM INVEST benefit from a grant within the limit of the cumulation resulting from the value of the risk commission, the administration commission, related to the granted guarantee, for the entire duration of validity of the granted guarantee and do not benefit from the interest financed from the state budget.
The maximum duration of financing is 72 months for investment loans and 36 months for working capital loans/lines of credit.
Qin case the funding granted within the programs authorized according to the Covid-19 Temporary Framework, the beneficiaries who accessed IMM INVEST ROMANIA, including through AGRO IMM INVEST, IMM PROD, GARANT CONSTRUCT or RURAL INVEST, were based on the estimation of values resulting from the liquidity needs of companies, or other aid granted in the context of the Covid 19 pandemic, cannot benefit from support under this aid scheme, unless a fraction of these needs remained uncovered with funding.
For the AGRO IMM INVEST component, the eligible expenses under the state aid scheme are similar to those provided for IMM INVEST ROMANIA, related to beneficiaries operating in primary agriculture, fishing, aquaculture and the food sector.
For the AGRO IMM INVEST component, the eligible expenses under the state aid scheme are similar to those provided for IMM INVEST ROMANIA, related to beneficiaries operating in primary agriculture, fishing, aquaculture and the food sector.
The National Credit Guarantee Fund for Small and Medium Enterprises (FNGCIMM SA-IFN) is a non-banking financial institution, with risk capital, established with the aim of facilitating the access of SMEs to financing, by granting guarantees for financing instruments contracted from commercial banks or from other sources. FNGCIMM implements government programs aimed at economic recovery, development of the business environment, as well as the creation and support of jobs, operating as a joint-stock company, with the Romanian state as the sole shareholder, under the prudential supervision of the National Bank of Romania.
The guarantee of FNGCIMM SA – IFN is a maximum of 80% of the loan value, without exceeding the amount of 2.5 million euros/beneficiary and is issued at the request of partner financing institutions, for approved financing, based on the analysis of the documents presented by the financier.
FNGCIMM SA – IFN collaborates with the most important financial institutions based on working agreements.
FNGCIMM SA – IFN ensures a national territorial coverage, responding to the requests of entrepreneurs through all 3 branches, 2 representatives and 1 subsidiary. Based on its membership in AECM (European Association of Guarantee Institutions - an association that brings together 48 mutual, private and public guarantee funds, development banks and counter-guarantee funds from 39 countries), FNGCIMM operates according to European rules and principles.
FNGCIMM SA – IFN is the market leader in the field of credit guarantees.
SIMILAR ITEMS
