Banca Sella e SACE, part of the Cassa depositi e prestiti group, have finalized a new agreement to support innovation and internationalisation. Thanks to the agreement, Sace makes it available to the bank's client companies 50 million euro of new loans to support innovation and growth projects abroad as part of the "2i Program for Enterprise - Innovation & Internationalization" developed by CDP, SACE and EIF (EIB Group).
Thanks to the understanding, the SMEs and Small Mid Caps, i.e. companies with a turnover of up to 250 million and 499 employees, whose export turnover is equal to at least 10% of the total, will be able to apply to the branches of Banca Sella to request loans, guaranteed by SACE, intended to support working capital needs connected to expansion processes on foreign markets or to finance investments in research and development and internationalisation.
Loans with a duration between 12 and 96 months, provide for amounts starting from 100 thousand euros up to 7,5 million euros and can be guaranteed by SACE up to 80%.
“We are pleased to renew our collaboration alongside a reliable partner like Banca Sella with whom, in recent years, we have already been able to disburse more than 30 million euros in loans to over 60 corporate clients” said Simonetta Acri, Head of SACE Domestic Network.
"With this new agreement - he continued - we continue our commitment within the "Programma 2i per l'Impresa" by supporting, together with CDP and EIF, SMEs that innovate and internationalize in accessing the financial resources of the Juncker Plan" .
"With the agreement with SACE - said Luigi Migliaccio, credit product manager of Banca Sella - we want to confirm our financial support to small and medium-sized enterprises and mid-cap companies which are today strongly committed to improving and adapting their processes to new technologies, which also allow them to have tools to enter international markets”.
