Things
The Guarantee Fund for SMEs is an instrument established by Law no. 662/96 (art. 2, paragraph 100, letter a) and operational since 2000. Its purpose is to encourage access to financial sources for small and medium-sized enterprises through the granting of a public guarantee which is accompanied and often replaces the real guarantees brought by companies. Thanks to the Fund, the company has the concrete possibility of obtaining financing without additional guarantees (and therefore without costs of sureties or insurance policies) on the amounts guaranteed by the Fund, which however does not offer cash contributions. According to the latest findings, over 99% of companies have had access to financing with the Fund's coverage in the absence of the presentation of real guarantees.
Who is it aimed at?
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What does it predict
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