EMERGENZA COVID-19: sospensioni mutui e finanziamenti a favore delle PMI

Financial support measures in favor of micro, small and medium-sized enterprises with intervention from the SME Guarantee Fund.

The facilitation measure in question, introduced by art. 56 of the Legislative Decree 17 March 2020 n. 18 consists of an extraordinary moratorium, aimed at giving help to micro, small and medium-sized enterprises, with performing debt exposures (including loans, lines of credit, etc.), which communicate - with self-certification - to banking institutions or other financial intermediaries, that they have suffered a lack of liquidity as a result of the COVID 19 emergency.

For existing loans, the relief measure provides that:

• credit lines granted "until revoked" and loans granted against advances on credits (both for the used and unused part) cannot be revoked, in whole or in part, until 09.30.2020;
• the repayment of NON-instalment loans with expiry before 09.30.2020 is postponed until the same date, under the same conditions. Any administrative burden for carrying out the operation remains the responsibility of the credit intermediary. Any additional guarantees will be automatically extended;
• for mortgages and other installment repayment loans, the payment of the installments or leasing fees due before 09.30.2020 is suspended until that date and the repayment plan of the installments or fees subject to suspension is deferred without any formality, according to methods that ensure the absence of new charges for both contracting parties. Companies can also request only the suspension of the repayment of the principal amount.

How can I access these measures?

The request for suspension must be presented to the bank providing the loan by completing the form made available to the institution and accompanied by all documentation proving the necessary requirements.