CEC Bank supports Romanian entrepreneurs and reconfirms its long-term commitment to the Romanian economy also in 2024 as well, by providing subsidized interest loans through the government’s SME Plus Programme, the bank announced on Tuesday.

„We have the necessary expertise and experience to be able to identify the best solutions for our clients to access these loans under the advantageous conditions of the Programme,” said Ramona Ivan, director of National and Foreign Affaires Division at CEC Bank.

In previous editions of the SME Invest Programme, CEC Bank has granted approximately 7,200 loans, worth over RON 7 billion.

The programme aims to help entrepreneurs obtain the necessary financing to overcome the current economic difficulties, which have been exacerbated recently by Russia’s invasion of Ukraine.

IMM Plus supports SMEs (including start-ups), small enterprises with medium market capitalisation, large enterprises (Rural Plus component only), as well as local authorities (Construct Plus component only), in order to ensure liquidity for current activities/investments.

Under the state aid scheme, investment and/or working capital loans can be accessed, guaranteed up to 90% with state guarantees, issued, as the case may be, by the Rural Credit Guarantee Fund, the National Credit Guarantee Fund for Small and Medium Enterprises and the Romanian Counter-Guarantee Fund.

The maximum amount of loans under the SME Plus Programme is up to RON 10 million for investments and up to RON 5 million for working capital, with a maximum financing period of up to 72 months for investment loans and 36 months for working capital loans/lines of credit.

AGERPRES