Marche, 2.000 requests already sent for the New Credit Fund for small and medium-sized businesses.

It met with great success the opening of the New Credit Fund of the Marche Region, the facilitative tool that grants guarantees and interest rate reductions up to a maximum of 4,5% on bank loans. In fact, 2.000 applications have already been sent and all available resources have been absorbed, amounting to 20 million euros and allowing bank loans for 215 million.

“There is a strong need for credit at sustainable costs for our small and medium-sized businesses – declares the Councilor for Economic Development, Andrea Maria Antonini – This strong demand shows us that our business system is, as always, highly dynamic and active, but that it needs access to credit resources. Credit is an essential factor to guarantee operating conditions and the possibilities for growth and innovation. With this tool we have met a fundamental need to support the vitality of our businesses."

“With the Nuovo Credito Fund – adds Goffredo Brandoni, councilor for Credit – the Region has made 20 million euros available to SMEs and self-employed workers in the Marche region, mainly with difficulty accessing bank credit, to obtain guarantees and reduce costs, in particular the still high interest rates. This response, superior to expectations, now requires us to temporarily suspend, for the time necessary to allocate further resources that we have already identified to be allocated to the fund".

In the next few days the Region will start the process to replenish the fund to a significant extent to make it operational again. “This is in fact a measure that is part of a broader regional strategy which, through the Credito Futuro Marche financial instrument, supports credit and guarantees for productive activities in the area. In this way we offer the productive fabric of the Marche the most effective and rapid tools to get the economy moving again" conclude the councilors.