The ABI communicated that starting from 17 April, the Portal of the SME Guarantee Fund, as indicated by the Fund Manager (Mediocredito Centrale-MCC), will begin to allow banks to enter guarantee requests on bank loans for a maximum amount of 25 thousand euros (in any case not exceeding 25% of the revenues of the beneficiary), pursuant to the Decree Law of 8 April 2020.
The "Liquidity Decree" provides for the issue of a public guarantee equal to 100%, on new loans granted by banks, with a maximum duration of 6 years, with a minimum grace period of 24 months). In favor of micro, small and medium-sized enterprises, natural persons carrying out business activities, arts or professions.
Given the extreme need and urgency to apply it immediately, the ABI has also provided an example diagram of how to access it. Here's how.
1. To apply for bank financing guaranteed by the PMI Fund, you must send your bank: The loan application form made available by the bank on its website; the application form for guarantee fund coverage for SMEs, available on the Fund's website www.fondidigaranzia.it, in the Forms section ("Annex 4-bis").
2. The loan and guarantee application forms must be completed and signed and provided to the bank, for example by sending it to the bank's e-mail address (indicated on the bank's website) via PEC, with an attachment of a valid identification document of the subscriber, or with another method defined by the bank itself (for example by filling in forms directly on the bank's website).
3. To complete the guarantee form, after having entered the personal data of the company (including those of the legal representative who signs the form) or those of the beneficiary natural person, in point 13 of Form 1(2/3) go indicate the purpose for which the loan is requested (e.g. purchase of stocks, short-term credit line to advance invoices, simply "liquidity").
4. Point 17 of Sheet 1(2/3) of the guarantee form must be completed only if the company has already benefited from "Aid in the form of direct grants, repayable advances or tax breaks (point 3.1) "activated by our country within the framework of the Temporary Framework for State aid measures to support the economy for the Covid-19 emergency (communication from the European Commission of 19 March 2020 and subsequent amendments and additions). On the other hand, any concessions relating to other guarantees obtained from the PMI Fund must not be indicated.
5. When the bank has acquired the documents, it can proceed to enter this information on the Guarantee Fund portal.
6. The Guarantee Fund, at this point, will give confirmation of taking charge of the file.
7. The bank can proceed with the disbursement of the loan without waiting for the admission of the application to the Fund.
8. If it is the first time that the guarantee of the Fund is requested, following the presentation of the bank's application, the Fund sends the credentials for accessing the Fund's Portal to the e-mail address indicated in the form.
9. The enterprise can access the Portal of the Fund to view the processing status of the guarantee requests and subsequently fulfill any fulfilments at its own expense following documentary checks and/or guarantee enforcements.
10. The main functions of the online procedure are described in the "Guide for companies to use the FdG Portal".
11. Instead, to recover the credentials for access, if the beneficiary has already used guarantees from the Fund in the past, it is necessary to follow the "Instructions for accessing the FdG Portal".
Here are some examples.
COMPANY A
Revenue amount = 120.000 euros
25% revenues = 30.000 euros
Maximum amount guaranteed = 25.000 euros
Delivery mode:
Bank X = 25.000 euros
Bank X = 15.000 + Bank Y = 10.000 euros
COMPANY B
Revenue amount = 80.000 euros
25% revenue = 20.000 euros
Maximum guaranteed amount = 20.000 euros
Delivery mode:
Bank X = 20.000 euros
Bank X = 15.000 + Bank Y = 5.000 euros
