The Board of Directors of Confidi Systema! has resolved to supplement its provision of guarantees – the primary activity of Confidi – with the granting of direct instalment-based loans – a secondary activity. This decision was driven by specific motivations:
- Responding consciously to the emergency
- Providing a concrete response to the liquidity needs of businesses by injecting new finance into the real economy
- Seizing the «opportunities» presented by the extraordinary measures introduced by the Government, even as they continue to evolve.
With the objective of utilising proprietary finance to provide the maximum final benefit to local businesses, the Board of Directors has also resolved that direct loans shall only be granted where there is coverage from the Guarantee Fund via the direct guarantee method.
The product features are as follows:
- Commencement of direct finance operations with an increase to €20 million in the existing ceiling for FINANZA SUBITO
- Purpose of loans: liquidity and/or investments (no consolidations/renegotiations)
- Maximum amount requestable: up to €150,000
- Duration: max 60 months
- Pre-amortisation: max 12 months, included in the loan duration
- Instalments: monthly
- 80% Guarantee from the Guarantee Fund (necessary condition)
- Amortisation interest rate: fixed, based on our corporate rating, between 3.00% and 6.00%
- Arrangement fee and mutual contribution according to the standard price list
The product information sheet is available on the Confidi Systema! website at this link, while here you can find the news item.
