The website of the IMM Invest program has been operational since Tuesday morning, April 28, starting at 9:00 a.m., announced the Minister of Public Finance, Florin Cîţu, on Facebook.
He stated that entrepreneurs who wish to apply for state-guaranteed loans will be able to register on the website starting Tuesday morning.
"The IMM Invest website is live and all those who want to benefit from credit lines for investments/working capital guaranteed by the state with up to 90% and with 100% subsidized interest can enroll in the program. This program does not operate on a first-come, first-served basis.", Florin Cîţu said.
IMM Invest is the largest SME support program
IMM Invest is the largest support program for SMEs in the last 30 years," said the Minister of Public Finance.
The platform offers companies the opportunity to obtain loans of up to five million lei from banks, with a state guarantee of up to 90%. Thus, IMM Invest will allow SMEs significantly affected by the crisis to secure their liquidity for running their current activity or for investments, by accessing guaranteed financing.
For SMEs applying for loans/credit lines for working capital, financing can reach up to 5.000.000 lei, guaranteed up to 80% in the case of medium-sized enterprises and up to 1.000.000 lei, with a maximum guarantee of 90%, in the case of small and micro enterprises. The duration of financing for working capital is a maximum of 36 months, with the possibility of extension for another 36 months, the interest rate being Robor for 3 months +2,5%/year.
In the case of both types of loans, the interest, costs of granting, monitoring and administration of the guarantees granted in the name and account of the state will be borne from the state budget, until 31.12.2020, with the possibility of extension.
Within the IMM Invest program, 22 financing banks have signed up that will grant loans/credit lines for investments worth up to 10 million lei, guaranteed by the state up to a maximum of 80%. The duration of the financing is up to 72 months. The interest rate - Robor for 3 months +2%/year is subsidized 100% from the state budget.
The National Credit Guarantee Fund for Small and Medium Enterprises (FNGCIMM SA-IFN) is a non-bank financial institution with venture capital. It was established in order to facilitate the access of SMEs to financing, by granting guarantees for the financing instruments contracted from commercial banks or from other sources. FNGCIMM implements government programs aimed at economic relaunch, development of the business environment, as well as job creation and support.
Registration will be restarted from scratch, all entrepreneurs start with equal chances
The enrollment procedure in the SME Invest Romania program will be restarted from scratch, starting on April 28, and all entrepreneurs who will access the application have equal chances, informs the National Credit Guarantee Fund for SMEs (FNGCIMM).
Online registrations will take place in a continuous session, starting from Tuesday, April 28, at 9 a.m., until the end of 2020 and until the allocated ceiling of 15 billion lei is used up. In the previous registration session, no company was registered. The procedure will be restarted from 0 and we assure the entrepreneurs that they all start in the IMM Invest program with equal chances", it is stated in the quoted statement.
The www.iminvest.ro platform is a single electronic register that only analyzes whether the applicant is eligible and has SME status. Confirmation of eligibility does not represent the funding agreement. After this first check, the documents are sent to the bank selected by the SME, where the solvency analysis will be done and the credit request will be approved. If the financing is approved, the documentation is then forwarded to the FNGCIMM for guaranteeing the loan and approving the state aid.
"We are ready to receive all requests from Romanian entrepreneurs to enroll in the program. We will work intensively to process the requests received in the shortest possible time. We will issue the agreements in principle within a maximum of 72 hours. All FNGCIMM employees are mobilized to ensure the smooth running of the program", said Dumitru Nancu, general director of FNGCIMM.
Source: https://incont.stirileprotv.ro/companii/programul-imm-invest-functional-de-marti-dimineata-citu-subiniaza-ca-masura-nu-functioneaza-dupa-principul.html
