Banks in the program so far rejected 12,390 loan requests from SMEs out of 64,164 applicants.
IMM Invest is a government program intended to help small and medium-sized companies affected by the COVID-19 pandemic ensure working capital and capital for investments in the current economy.
The government guarantees up to 90% of the loan companies secure from banks. It also subsidizes the interest for these loans until the end of this year.
Under the program, which is a state aid scheme, the ceiling for subsidizing interest rates reaches RON781 million and the maximum guarantee ceiling reaches RON15 billion.