Financial instrument - IVF participatory loans in joint venture with private investors

Purpose : granting financing for the growth of newly created companies, prioritizing innovation, through joint ventures with other private investors

Economic conditions: amount between €75,000 and €300,000 per SME financed, subject to the amount of co-investment by private investors

• Amortization period: up to 7 years with a grace period of up to three years.

•Interest: EURIBOR + financial margin for the year (between 3 and 9%)

•Commissions: 10% of the amount amortized for early cancellation

•Guarantees: no additional guarantees to those provided by the business project itself

Beneficiaries: micro-enterprises and small and medium-sized enterprises with an age between 4 months and 7 years

Application limit: until budget exhaustion