Iccrea BancaImpresa, the corporate bank of Credito Cooperativo, and SACE, have signed a new agreement which will allow the disbursement of 25 million euro of short-term loans for i SME internationalization projects. These new funds increase the overall ceiling for the support of SMEs a 100 million euro.
The initiative is open to all SMEs with total turnover of up to 250 million euro, at least 10% of which is generated in foreign transactions. The agreement provides for the disbursement of short-term loans to support working capital, the needs associated with the execution of works with foreign clients and internationalization operations. Loans may have a duration between 6 and 18 months, they will have a minimum amount of 200.000 euros and will be guaranteed by SACE up to 70%.
The complete press release is attached.
Attachments: 20130114-CS-Agreement-SACE-Iccrea-25-million-financing-short-term.docx
