Purpose of financing
- Investments in tangible or intangible assets (only for Mid-caps), and permanent working capital.
- Credit through open (current) mutual account, annually renewed for a predetermined maximum renewal period.
Duration of financing
Up to 6 years, including the grace period. Note that the maximum duration of 6 years is calculated from the date of signing the agreement. The repayment is made through equal quarterly or semi-annual installments or installments of different amounts, which may include a balloon payment.
A reduced interest rate margin is applied to the program's financing compared to the margin the Bank would apply to similar financing not covered by the EIB Guarantee. The interest rate is Euribor 6m (capped at zero in the event of a negative rate), plus a margin and a contribution under Law 128/75.