On April 17, the largest SME support program in Romania in 30 years, IMM Invest, kicks off, through which companies can obtain state‑guaranteed financing for working capital and investment. Banca Transilvania is part of this program as well, and more details are available here. 

Benefits of IMM Invest Romania:

• The state guarantees up to 90% of the loan amount;
• No early repayment fee;
• The guarantee can be granted for up to 72 months;
• Maximum loan amounts: up to RON 5 million for working capital and RON 10 million for investment;
• No interest, guarantee fee or other charges are payable; costs are 100% subsidized until December 31, 2020, with the possibility of extension under certain economic circumstances (details here: law; state aid scheme).

Tiberiu Moisă, Deputy General Manager, MidCorporate & SME: 

“Banca Transilvania aims to be significantly involved in facilitating access to the IMM Invest program, and we believe this is a welcome support measure for Romanian companies. 

Right now we see at least two essential aspects. On the one hand, speed of implementation matters. We need to move quickly so that the multiplier effects kick in and the economic recovery has timely financial support. On the other hand, the quality and potential of the businesses entering the program are equally important. In this way, banks can help ensure that public support is well used, and that the Romanian economy can rely on these businesses in the future.  

Because this is a financing scheme involving FNGCIMM, applicant companies and commercial banks, good cooperation, mutual understanding and communication will make the difference. We are confident”.