CEC Bank will grant leu-denominated loans at variable interest rate of six-month ROBOR + 3%, according to the Department Implementing SME Programs.
The National Fund Guaranteeing Loans for Small and Medium Enterprises (FNGCIMM) will guarantee 80% of the value of a loan.
Eligible clients include private SMEs which did not receive non-reimbursable funds under the program in the previous editions.
Non-reimbursable funding will cover a maximum of 70% of eligible costs but no more than RON100,000 per beneficiary, while bank loans will cover at least 30% of eligible costs, but no more than RON50,000/client.
The program has a budget of RON20 million in 2013, enough for at least 200 firms. (EUR1=RON4.4402)