The new governmental programs are designed to access investment and/or working capital credits, supported by state guarantees of up to 90% of the value of the requested financing, issued by the National Credit Guarantee Fund for Small and Medium Enterprises (NCGFSME), the Rural Credit Guarantee Fund (RCGF) and the Romanian Counter-Guarantee Fund (RCF).
Small and medium-sized enterprises (SMEs) may contract loans of up to RON10 million for investment projects and of up to RON5 million for working capital.
“We understand the challenges of the entrepreneurs that develop businesses and create jobs, and we are prepared to support their projects, inter alia by granting financing through these new programs designed to improve competitiveness and resilience in the local entrepreneurial environment and generate added value in the Romanian economy. SMEs and startups need support adapted to their activities, and at Alpha Bank they can benefit from adequate solutions to boost their growth potential”, stated Dragoș Draghici, Manager within the SME Division of Alpha Bank Romania.
With the new programs, eligible SMEs also benefit from state aid as a grant that fully covers the value of the risk fee and administration fee during the entire validity term of the guarantee, interest for 24 months after granting the loan, and a non-reimbursable component of maximum 10% of the value of the guaranteed financing, under the conditions provided by each program.
Alpha Bank Romania is a member of Alpha Bank Group, one of the biggest banking and financial groups in Greece. The Group operates in Romania, the UK, Luxembourg and Cyprus.