SME Guarantee Fund: Who Qualifies and What You Get
Learn how the SME Guarantee Fund provides state backing for bank loans to help small and medium enterprises grow.
The SME Guarantee Fund is a government initiative designed to help small and medium-sized businesses access bank loans more easily.
Who it's for
This scheme is available to small and medium enterprises that are looking to secure loans from a bank.
What you get
The fund provides a state guarantee that can cover up to 80% of your total loan amount. This backing makes it easier for businesses to obtain the credit they need to operate or grow.
What it costs you
While the guarantee itself is a support mechanism, you will need to pay any application fees charged by your bank. You will also need to maintain a solid credit profile to be eligible for the financing.
The catch to know
It is important to understand that this fund does not give you money directly. The bank must first be willing to lend to you; the fund only acts as a guarantor to back the loan the bank provides.
How to apply
- Review your business's credit profile to ensure it is solid.
- Contact your bank to discuss your loan requirements.
- Request that the bank applies the state guarantee to your loan application.
- Follow the bank's specific application process and pay any necessary fees.
For more information, visit the official portal: https://www.fondidigaranzia.it/