Banca Transilvania has taken a step forward in the government’s IMM Invest programme to support entrepreneurs by signing the Guarantee and Grant Payment Agreement with the National Credit Guarantee Fund for Small and Medium Enterprises (FNGCIMM). Businesses can apply for state‑guaranteed financing for working capital and investments.

BT intends to play a significant role in facilitating SMEs’ access to this programme, a more than welcome support measure for Romanian companies, so the economy can rely on them in the future. Banca Transilvania’s cap is RON 3.4 billion.

“Thank you to the clients who chose Banca Transilvania under the IMM Invest programme. The very large number of them has impressed everyone at BT, and we want them to know that for our team these applications are our number one business priority. We will work as long as necessary to finalise the documentation in a timely manner. If SMEs do well, Romania does well.” said Tiberiu Moisa, Deputy CEO MidCorporate & SME, Banca Transilvania.

5 steps for SMEs to access financing:

• Register on the www.imminvest.ro platform (company identification details, loan option, selecting BT as the partner bank implementing the programme, SME declaration, single registration certificate and ID card). After registration, the SME will receive a confirmation message.
• FNGCIMM shares with BT the data and documents submitted by the entrepreneur, together with an in‑principle confirmation of eligibility for financing.
• Banca Transilvania reviews the financing application and decides whether to grant the loan based on its credit assessment. BT takes into account the business’s performance in recent years, the business plan for the years ahead — including the negative effects and opportunities arising from the current economic context — and the intended use of funds.
• After the loan is approved, BT asks FNGCIMM to issue the state guarantee for the financing. BT then sends the loan agreement and the FNGCIMM guarantee agreement for signature.
• Once the conditions of the loan agreement are met, Banca Transilvania disburses the loan.

IMM Invest is the largest SME support programme in Romania in the past 30 years. Its main advantages are: the state covers up to 90% of the loan amount, interest is fully subsidised by the state at least until year‑end, zero fees related to the state guarantee, zero early repayment fee, and a guarantee term of up to 72 months.