Funding for SIMEST internationalization: Temporary Export Manager

SIMEST offers a subsidized rate financing program, a regime “de minimis”,to all joint-stock companies in single form or in the Entity Network that have filed at least two financial statements relating to two complete years with the Business Register, for inclusion temporary in the company of specialized professional figures (Temporary Export Manager) aimed at the implementation of internationalization projects in non-EU countries.
The loan can cover up to 100% of the budgeted expenses, up to a maximum of 15% of the average revenues resulting from the last two approved and filed financial statements.
The maximum amount that can be financed is € 150,000.00 while the minimum amount that can be financed is € 25,000.00.
The duration of the loan is 4 years, 2 of which are pre-amortization, in which only interest is paid and 2 years of amortization for the repayment of principal and interest; the installments are deferred half-yearly with constant capital.
The eligible expenses are those for the temporary insertion in the company of specialized professionals (Temporary Export Manager), as well as other ancillary costs strictly related to the implementation of the project developed with the assistance of the TEM.
Among the extraordinary measures there is the possibility of requestingexemption from guarantees for the whole of 2020,possibility of obtaining up to 40% of the non-repayable loan, and the reimbursement of the remaining portion at a subsidized rate equal to 10% of the interest rate. EU reference.
More information is available in the dedicated section of the SIMEST portal