In less than three months the Italians have requested an ocean of state-guaranteed loans. Second data from the Ministry of Economic Development and Mediocredito Centrale, applications to the Guarantee Fund have exceeded 500 thousand, for a total amount of over 24,6 billion euros.
The vast majority of transactions (over 470 thousand) concern loans of up to 25 thousand euros with 100% coverage (and without creditworthiness assessment), which have been granted so far for an amount of 9,7 billion.
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The measure on corporate liquidity has been at the center of much controversy over the difficulty of small businesses in actually obtaining funds. But you have to know how to distinguish. Over a billion has been disbursed by Unicredit to about 47 Italian companies that have submitted requests for a loan of up to 25 euros with a state guarantee, on the basis of the liquidity decree. The bank has in fact strengthened and accelerated the process for the requested loans, bringing forward the disbursement pending receipt of the guarantee from the Central Fund.
"There has been considerable interest in these loans", confirms Remo Taricani, co-CEO of commercial banking Italy of Unicredit.
Furthermore, Unicredit has signed an agreement with Tim. Based on the agreement, the Bank will allow the telecom group's supplier companies to access the "measures to support liquidity and business investments that Unicredit has already put in place, both with its own emergency package and with the use of ABI and government initiatives".
Meanwhile, Intesa Sanpaolo – together with the Municipality of Bergamo and the Cesvi foundation – launched the “Renaissance Bergamo” tender, which provides for a total allocation of 22 million euros: seven in non-repayable contributions to help small and micro-enterprises in the area overcome the Covid-19 emergency, plus another 15 million in impact loans.
The call includes three initiatives:
- Michelangelo, for the consolidation and relaunch of existing businesses;
- Raffaello, to support business innovation and the transformation of service/product models;
- Leonardo, an optional consultancy and support service for the preparation of project proposals to be submitted for funding request.
Management, disbursement of non-refundable grants and monitoring and reporting activities are entrusted to the humanitarian organization Cesvi.
