Banca Transilvania is one of the first banks to launch subsidies for Romanian SMEs. The number of companies is about 51,000, and the money will arrive in the accounts by the end of this week.
51,000 SMEs receive money from Banca Transilvania
In a statement released in recent days, Banca Transilvania has announced the launch of micro-subsidies for Romanian SMEs. Banca Transilvania has announced that it will make its first payments to SMEs by the end of this week.
This is the government program for the circulation of capital. Banca Tansilvanian officials also announced the allocation of resources for the rapid launch of the program, a deadline that will end this week for at least 51,000 companies. The money will reach all registered and eligible companies in a relatively short period of time, which is approximately 60% of the companies registered in the program started at Banca Transilvania.
“The program has been launched by the Ministry of Economy, Energy and Business and aims to support businesses and the economy. Entrepreneurs affected by businesses affected by the pandemic can receive funding of between 2,000 and 200,000 euros through the 2014-2020 Competitiveness Operational Program. The program has three funding programs. , micro-aid, working capital for SMEs and investment aid for SMEs, ”says Banca Transilvania.
More money for small businesses
The project initiated by the government, through the Ministry of Economy, aims to support SMEs and small businesses. All registered companies were severely affected by the economic crisis during the pandemic. It remains to be seen whether the amounts targeted at companies through the program will help the economic recovery next time.
The amounts allocated vary between 2,000 and 200,000 euros, depending on the company’s entitlement and turnover. The project is being implemented as a follow-up to the program launched by the Government in 2014.
“During this period, the bank will contact the beneficiary companies to open an account and / or activate the products to ensure the development of low-cost grants. Banca Transilvania will transfer the money to selected entrepreneurs. The money comes from the Ministry of Economy, Energy and Business Environment for a maximum of 7 days. all transactions are free of charge 3. For companies that choose to benefit from the Scholarship Measures, to make investments of up to 200,000 euros, BT is ready to offer bridge loans and, if necessary, co-financing loans.
1. Microgranates They are worth 2000 euros and are only given once.
2. Aid for working capital
contracts are awarded to SMEs:
- food industry,
- travel agencies,
- publishers, bookstores,
- libraries and so on
They are structured as follows:
– For SMEs with a turnover of between 5,000 and 13,500 euros in 2019, the value of the subsidy is 2,000 euros;
– For SMEs with a turnover of more than 13,501 euros in 2019, the subsidy is 15% of the turnover, not exceeding the amount of 150,000 euros;
Beneficiaries must be co-financed with 15% of the grant amount.
3. Investment aid to SMEsIt can be given to SMEs in the industrial field
- clothing manufacturing,
- metal construction industries,
- manufacture of electrical equipment,
- furniture manufacturing
The value is between 50,000 euros and 200,000 euros. Beneficiaries must finance at least 15% to 30% of the value of the project requested, depending on the geographical region. “, Written in the press release.