What is the Imm factor and how it can help your company

10 months have already passed since Covid-19 pandemic was started and the challenges continue for each of us, in particular for entrepreneurs who try to save their business. The Imm factor is a help tool that may have, starting from August, to help their activities.

Pandemia Covid-19 has created deficit and vulnerability in many sectors of activity and the fact that we do not know how long this situation will determine us to expect a difficult financial crisis.

What is the Imma factor

The Imm factor is the third member of the government after the leasing SME and the SMEs, dedicated to small businesses to overcome the critical period. This implies subsidizing the loans and warranty costs for the financing of the type of factoring.

In this way SMEs benefit from the payment in time or before the maturity of the invoices issued to its partners financed by the bank in a proportion of 80%, the administration of debts and their friendly collection and to take the risk of its partner (the Romanian government guarantees 50% of the payment of the financier of this invoice).

In other words, the help of the state means that when a trader issues a payment invoice at a certain period, it can go to a commercial bank to request immediate payment for 80% of the amount of the invoice and the bank assumes the customer’s obligation which has the 50% guarantee for this funding. When the customer to whom the trader issued the invoice pays the respective amount, the bank also offers the difference of 20%.

It is a very difficult moment for all entrepreneurs, which is why the purpose of this government program is to help unlock the economy at least as regards the payment of suppliers for survival and continuity of business.

How can I help the business factor

The program is addressed to small and eligible companies of all sectors of activity, until 31 December 2020. The beneficiaries of the program will be able to obtain from the banks recorded in the program based on commercial invoices, with a guarantee roof of 5,000,000 of her/ beneficiary.

Small and medium -sized companies are an important resource on the labor market for the creation of jobs and the payment of tax taxes. The aim and interest of the state is to support SMEs to overcome the challenges caused by the Covid-19 pandemic, so that the Romanian economy did not collapse.

The economic circuit depends not only on the end customer, but also on financial relations between the traders. And if one of them does not receive their revenue in time (or has no money to buy their raw materials/ payment/ payment of the rent, etc.), is unable to continue their business.

Small and medium -sized companies are a powerful tool in the economy of Romania, which is why various funds and possible funding have been announced over time.

The Imm factor is a short -term and short -term solution that helps entrepreneurs of small and medium -sized enterprises to save their activities. Banks are now an important economic partner, an easy collaborator to support the future in the economy of its current and future customers. And they must lose: the more companies, the more the number of potential customers is closed.

If you are an entrepreneur, then the Imm factor is also for you. It is very difficult, but important that during periods of crisis you can strengthen your partnerships, you can keep your collaborations with suppliers. And if the present of your business depends on a future collection, this is the right time to use this program designed for you and the urgent needs of your business.