RO Govt. guarantees leasing contracts for SMEs
Romanian small and medium-sized companies (SMEs) can buy equipment and machinery under leasing financing, with state-guarantees.
Romania Insider · Journalist
· Updated · 1 min read
Romanian small and medium-sized companies (SMEs) can buy equipment and machinery under leasing financing, with state-guarantees.
The Government ordinance for the IMM Leasing program was published on Friday in the Official Gazette.
The maximum financing guaranteed under the program is RON 5 million (EUR 1 mln), Ziarul Financiar reported. The guarantee extended by the state accounts for 80% for the purchase of IT equipment and 60% for machinery or transport means for freight or passengers.
The companies will not be required front payment, and the contracts will have a duration of up to five years. The state will subsidize half of the interest costs as well.
The program aims to help Romanian companies buy equipment that is a prerequisite for competing for public infrastructure programs, said Dumitru Nancu, head of the national credit guarantee fund for SMEs (FNCGIMM), which handles IMM Leasing program.
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