From 2020, when the program started, until present, CEC Bank has granted almost RON5 billion worth of financings, in line with data provided by CEC Bank officials.
Under the state aid scheme, entrepreneurs have access to investment loans and/or working capital loans which are up to 90% guaranteed with state guarantees issued by Romania’s national guarantee fund for small and medium-sized businesses (FNGCIMM), the Romanian Rural Loan Guarantee Fund and the Romanian Counter-Guarantee Fund.
The IMM Invest Plus program allows entrepreneurs to access loans up to RON5 million for the working capital and up to RON10 million for investment projects.
The state aid under the form of grants benefiting the entrepreneurs which access these loans covers the interest for a 12-month period since the granting of loans and the guarantee fees over the entire period of the validity of the guarantee.