According to the Finance Ministry, the SMEs Equipment and Machinery Leasing is the fourth government-back program assigned to the SME sector within the National Investment and Economic Recovery Plan, implemented by the Finance Ministry and FNGCIMM.
The program aims to stimulate the access to financial leasing-type financings in order to acquire new or second-hand assets needed for companies’ business activities, especially for those in need of technology transfer in production processes.
Guarantees will be granted by FNGCIMM and will be covered by the State, via the Finance Ministry, for maximum 80% of the financing value for the acquisition of IT (informational technology) equipment, and for maximum 60% of the financing value for the acquisition of technological machinery and equipment, freight and passenger vehicles used for commercial purposes within a financial leasing operation.
Under the program, the combined maximum value of financings guaranteed by the State, which can be granted to a beneficiary within this facility, will be RON5,000,000 and the period and method of reimbursement will be established by the funders, in accordance with their internal guidelines.
The maximum duration of the leasing period is 72 months, with the possibility of offering a grace period of three to 12 months. The downpayment paid by the user is 0% and, depending on the beneficiary’s request, it may reach maximum 20% of the purchase value of the asset funded (VAT not included).