What is Im Invest and how this program can help your business

We all know that the last 3 months have been a real challenge for many companies and fields of activities. And each country has tried to provide various tools to support entrepreneurs to help them pass this period.

The government of Romania has come both in support of natural and legal entities with various temporary financial solutions. One of these is PMI Invest, a program dedicated to small and medium-sized enterprises, launched immediately after Covid-19 pandemic has been activated.

What is SMM Invest?

The IMS Invest Program represents the guaranteed financing of the State for access to one or more credits for investments and/ or one or more lines/ credit lines for circulating capital. In particular, the medium size, the small and micro-firm ones who have been significantly affected by the Covid-19 pandemics can access some loans to have liquidity in the company administration or for the investments necessary to restart it after losses of the last 3 months. And the role of the Romanian state is to guarantee these loans of 90%, with a maximum ceiling of 15 billion of her.

In addition to the technical unemployment supported by the State for entrepreneurs to maintain its employees, the Romanian government has created this special program for small and medium -sized enterprises to overcome the crisis triggered by Coronavirus. Imm investment has been launched in the current economic context, but you want to be a multiannual program to encourage and stimulate the development of small and medium -sized enterprises.

For banking institutions, Im Invest is an opportunity to attract more customers or to strengthen their relationships with them, which is why 22 banks have already been involved in the program.

How can I help your Imm to invest the business?

The financing of the circulating capital is up to 1,000,000 of her and can help entrepreneurs affected by the pandemic support of their current activity: the purchase of raw materials, payments, payment of suppliers or other debts.

The financing of investments is up to 10,000,000 of her and helps entrepreneurs to develop your business for a faster and more guaranteed performance: the purchase of equipment, equipment or means of transport.

Imm investment is more addressed to those who have been seriously affected by the economic blocking of the last two months and need help to reactivate companies or to return to the power line and less to those who consider it a favorable development program. The requests of entrepreneurs must be practicable so that banks provide for the possibility of returning the loan.

At the same time, for companies that are in a critical point, a loan can make their existence on the market difficult, which is why the objective of the banks is to analyze the over 40,000 applications so far, so that the announced roof is directed to the business with the highest performance and not to the most vulnerable.

What are the advantages of Im Invest?

The main advantage of the PMI Invest program is credit through state guarantees (the State can guarantee up to 90% of the value of loans). This aspect also encourages banking institutions to be more open and involved in the relationship with customers, which is why there are already 22 partner banks in the program. There is a decrease in the demand for banking services and products, therefore it is an opportunity for banks in the current economic context.

Another advantage of the program would be the costs of the loan. The interest, the guarantee commission and other concession costs are completely subsidized by the State until 31.12.2020, with the possibility of extension. And if we are still in the commissions of the chapter, it is worth mentioning the Commission 0 (zero) for the early refund.

In addition, the maximum credit value is another advantage. This can reach up to 10,000,000 of you for investments and up to 5,000,000 of her for circulating capital.

By implementing the SME Invest program, you want to stimulate the establishment of new companies and jobs of small and medium -sized, but also to support the development of the SME sector. Access the completion guide to enroll in the program and find out if your company can also benefit from this help.