CDP is committed to strengthening the capital of the Guarantee Fund for SMEs through counter-guarantee initiatives, using public funds from the EU or resources contributed by public or private entities, with the aim of supporting access to public guarantees for Italian companies and professionals
The guarantee of the Fund is granted, for up to a maximum of 80% of the loan.
The Fund guarantees each company or professional a maximum amount of 2.5 million euros, which can be used through one or more transactions, up to the set ceiling, without a limit to the number of transactions that can be made. The guarantee rate and the maximum guaranteed amount have been temporarily increased by Law Decree 8 April 2020, n. 23 (“Liquidity Decree”) to support access to credit by enterprises in the Covid-19 emergency phase.
The guarantee of the Fund is free for many types of companies and for all those located in Southern Italy.
CDP has activated two main counter-guarantee initiatives for this instrument in order to increase the volume of guarantees issued by the Fund. This is based on using funds made available by the European Commission and managed by the European Investment Fund (EIF).
In 2017, CDP carried out an initial activity in the fund’s favour, using the resources from the European COSME programme, guaranteeing 80% of a portfolio of new operations originating from the latter, for a total value of 3,110 million euros.
A second counter-guarantee action, which uses the resources from the Creative European programme, was implemented in 2018 and concerns the coverage, again at 80%, of a portfolio of new operations originating from the Fund, for a maximum original value of 200 million euros, increased in 2020 to 350 million euros, in favour of companies operating in the creative-cultural sectors.
CDP is also authorised to set up "special sections" in the Fund, using public or private resources, with the aim of maintaining the guarantee percentage at the maximum level set by the law.
To apply to the Guarantee Fund for SMEs, the company or professional can contact:
For further information:
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