The support line aimed at companies affected by the increase in energy and raw material costs and by interruptions in supply chains is now open, with the Banco Português de Fomento (BPF) and IAPMEI presenting the conditions.
“Created within the scope of a set of support measures for companies and entities of the social economy, to combat the increase in energy prices and mitigate the effects of inflation, derived from the current geopolitical context, this measure has the It is intended to support companies especially affected by the sharp increase in the costs of energy and raw materials, as well as interruptions in the supply chains”, says the BPF in a statement issued on Friday night.
This line, called “Support Line for Increased Production Costs”, is administered by BPF and is intended for micro, small and medium-sized companies, small medium cap, medium cap and large companies that operate in the national territory.
These companies must have registered financial impacts, such as significant increases in the weight of energy costs, the weight of cost of goods sold and materials consumed or significant increases in working capital needs, according to the document.
BPF adds that the credit operations under this line of support aim to reinforce the working capital of these companies “through short, medium and long-term loans (up to eight years, after contracting, with a 12-month grace period). capital)”. .
The companies also benefit from a guarantee provided by the mutual guarantee companies (Agrogarante, Garval, Lisgarante and Norgarante) “destined to guarantee up to 70% of the capital of the debt, at any time”, with a counter-guarantee of 80% of the FCGM, managed by the GMP.
Regarding financing, micro-enterprises can finance up to 50,000 euros, small companies up to 750,000 euros and medium-sized companies, ‘small mid-cap companies’, ‘mid cap’ and large companies up to 2.5 million euros.
The BPF also establishes that the amount of the financing “may not exceed the greater value between 25% of the billing or 50% of the energy costs, both measured in average terms with respect to that verified in the last three years”.
Companies will have to contact banks or mutual guarantee societies to request the helpline.
The Government had announced a new credit line in mid-September, with a diploma published in the Diário da República on October 4 urging the BPF to promote a credit line of 600 million euros aimed at companies affected by the price of the energy, raw materials and supply chain disruptions.
Source: Observadora
