The government, through the National Fund Guaranteeing Loans for Small and Medium Enterprises (FNGCIMM), will guarantee up to 80% of the loan value, but no more than RON100,000 lei, and will subsidize up to 70% of the interest, but no more than 6.5% per year.
For the 2011-2013 interval, this scheme has a RON165 million budget and the government estimates it will benefit around 12,000 SMEs. The budget for this year is RON24 million for the interest subsidy and RON400 million for guarantees, which is expected to assist around 4,000 firms.