Central Guarantee Fund: Who Qualifies and What You Get
Learn how the Central Guarantee Fund provides state guarantees to help small and medium-sized businesses access bank credit more easily.
The Central Guarantee Fund provides a state guarantee on bank loans to help small and medium-sized enterprises access credit.
Who it's for
This scheme is designed for small and medium-sized enterprises (SMEs) that need to secure credit from a bank.
What you get
The fund provides a state guarantee on your bank loans. This helps reduce the amount of personal or business collateral you are required to provide to the bank to secure the credit.
What it costs you
There is no direct cost to use the fund, but you will have to pay a bank application fee. Additionally, you must meet the bank's requirements regarding creditworthiness to be eligible.
The catch to know
The state guarantee does not cover the entire value of your loan. It usually covers up to 80% of the amount.
How to apply
- Contact your bank to discuss your credit needs.
- Provide the necessary documentation to prove your business's creditworthiness.
- Submit your formal loan application through your bank.
- Visit the official portal for more details: https://www.fondodigaranzia.it