Sace and Creval to provide €100 million to finance growth

Sace and Credito Valtellinese will provide SMEs and Small/Mid-Caps with loans to support innovation and growth projects abroad

 

The "2i per l' Impresa – Innovazione & Internazionalizzazione“ programme has been developed by CDP (National Promotion Institution under the Juncker Plan), Sace and the EIF (EIB Group).

Recipients of the loans guaranteed by Sace (which can cover up to 80% of the loan) will be SMEs and Small/Mid-Cap companies with turnover up to €250 million (and 499 employees) whose exports account for at least 10% of their revenue.

The unsecured loans, lasting up to seven years, start from €50,000 and go up to €7.5 million: they can be used to finance:

  • the renewal of machinery and technological equipment
  • protection of “Made in Italy” manufacturing and the registration of patents
  • promotional activities
  • the acquisition of equity investments and joint ventures