we receive e we publish the following communique Press spread by Cherry Banks.
Cherry Banks, a bank specializing in the retail, corporate and wealth management segments as well as active in NPLs, special situations and tax credits, always committed to promoting a sustainable and inclusive economy, announces the launch of a new line of financing dedicated to Third Sector Entities (ETS), strengthening its support for organizations operating with social, environmental and cultural purposes.
Thanks to extension, until 31 December 2025, of the possibility for the Third Sector entities (ETS) to access the guarantee of the Central Guarantee Fund for SMEs, provided for by the Budget Law, Cherry Bank makes available dedicated financial instruments, guaranteed by the State. coverage reaches up to 80% of the amount for any purpose. The initiative is designed to facilitate access to credit for high social impact entities, which often encounter difficulties in obtaining adequate financing.
Third Sector Entities (ETS), registered in the National Third Sector Register (RUNTS) and in the REA (Economic Administrative Repertory), will be able to request financing of up to 60.000 euros from Cherry Bank, through a simplified procedure, thus facilitating the development of innovative projects and the strengthening of their activities. Furthermore, thanks to the synergies with Moleskine Foundation and Promozioniservizi, beneficiaries will be able to benefit from the know-how useful for maximizing the impact of their social initiatives.
Vincenzo Galileo, Head of Corporate Banking at Cherry Bank, said: “We strongly believe in the social value and transformative capacity of the Third Sector. With this initiative we want to stand alongside the organizations that work every day for the common good, offering them concrete tools to grow and generate a positive impact in the community. This initiative, in collaboration with Promozioniservizi and Moleskine Foundation, is part of the bank's broader commitment to its local area and to the enhancement of the sustainable development goals of the UN 2030 Agenda, promoting equal access to credit and encouraging more inclusive and responsible economic models. Only by operating in this way do we believe it is possible to generate sustainable and long-lasting development over time”.
For further details on the Public Guarantee for Third Sector Entities (ETS) consult the website sosteniamoilsociale.it. Cherry Bank experts are available for further information. To request information, contact the nearest branch (www.cherrybank.it/filiali-sedi/) or fill out the form on the page www.cherrybank.it/contatti/.
The Guarantee Fund for SMEs and its extension to the Third Sector
Il Central Guarantee Fund for SMEs guarantees financing to SMEs up to 80% of their amount. The adoption of the measures introduced by the “DL Anticipi” at the end of 2023 has also extended the guarantee to Third Sector Entities (ETS). With the 2025 Budget Law, the financial instruments of the PMI Fund dedicated to ETS have been extended until 31 December 2025.
