Sace signs agreement with Iccrea

International expansion and business innovation are the twin themes of an agreement to provide €150 million to business customers of cooperative banks

 

The agreement is the first to be signed under the "2i per l' Impresa – Innovazione & Internazionalizzazione“ programme, which has been developed by CDP (National Promotion Institution under the Juncker Plan), Sace and EIF.

Thanks to this agreement, SMEs and Small/Mid-Cap companies will be able to turn to cooperative banks to request loans to help finance:

  • working capital requirements
  • costs relating to doing business abroad
  • direct investment projects in international markets.

For businesses considered to be innovative, Sace will guarantee up to 80%, for a maximum of €7.5 million, for 96 months.