Apr. 15 – ICCREA BancaImpresa and the insurance group Sace renewed their commitments, worth a total of €130 million, to support Italian companies that wish to invest or increase their presence and competitiveness abroad. A first agreement guarantees €30 million for short-term loans to companies pursuing internationalization projects that need working capital for the acquisition of contracts abroad. Thanks to the agreement, the companies with a turnover of maximum €250 million, of which 10% is directed abroad, may apply for loans at the Banche di Credito Cooperativo e Casse Rurali for pre-production short-term loans intended to finance working capital requirements and any other costs directly attributable to the implementation of the order abroad. The loans will may last between 6 and 18 months for a minimum amount of €200.000 and a maximum of € 1.5 million, and will be guaranteed up to 70% by SACE. The second agreement increased credit limits to companies for medium and long-term investments to €100 million, thus enabling the provision of new loans, also guaranteed by Sace to a maximum of 70%.
