Business credit, Lombardy Region increases the fund by 175 million

Business credit, Lombardy Region increases the fund by 175 million
Business credit, Lombardy Region increases the fund by 175 million
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Lombard companies will again be able to take advantage of the measure ‘Credit Now Evolution’ whose financial endowment has been increased by 175,843,393 euros. A decision taken by the Lombard council on the proposal of the councilor for economic development and which will be operational from tomorrow, Thursday 15 September, from 10.30.

In detail, € 15,843,393 are allocated to increase the fund ‘Reduction of interest on loans to SMEs co-financed by the EIB‘for the reduction of the cost of financing, while the remainder 160,000,000 to the extension of the ceiling dedicated to loans.

ANSWER TO COMPANY NEEDS – “We refinance and give continuity to ‘Credito Ora Evolution’ – said the regional councilor for economic development – responding once again to the liquidity needs of Lombard companies and professionals”.

THE MEASURE – ‘Credito Ora Evolution’ finances the working capital needs of companies, professionals and associates in Lombardy with the granting of loans combined with interest rate grants.

RECIPIENTS – Enterprises, including artisans, with up to 3,000 employees (SMEs and Mid Cap) operating for at least 24 months in Lombardy and belonging to one of the following sectors: manufacturing, business services, construction, wholesale and retail trade, accommodation , catering and administration, sports and recreational courses, nursery and day care services for disabled minors, sports, entertainment and amusement activities and spas. As well as freelancers with a VAT number for at least 24 months who have been operating in one of the municipalities of Lombardy and associated firms of professionals with a VAT number for at least 24 months.


GRANT OF CONTRIBUTIONS – The measure provides for an interest subsidy combined with the loan and equal to 3% and in any case not higher than the rate defined for the underlying loan – and up to a maximum of 70,000 euros.

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HOW TO SUBMIT APPLICATIONS – Applications must be submitted exclusively through online calls, accessible at starting Thursday 15 September, at 10.30 am.

For all further information, consult the website

The article is in Italian

Tags: Business credit Lombardy Region increases fund million

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