New SIMEST Financing for the CENTRAL or SOUTH AMERICA MARKETS – up to 20% non-repayable Co-financing

Simest has officially announced a new financing program under Fund 394/81, dedicated to companies operating in Central or South America, effective from March 25.

This instrument allows the financing of expenses aimed at strengthening the company’s capital solidity, including in Italy, funding capital increases and shareholder loans for the applicant company’s subsidiaries, as well as expenses directly related to the implementation of investments. These include costs for staff training in Italy or in Central or South America, travel expenses, entry and regularization costs in Italy for hiring, as well as expenses for employment contracts intended for training and integrating staff coming from Central or South America, and more.

Companies operating in Southern Italy may request a non-repayable co-financing of up to 20% of the facilitated intervention amount, with a maximum limit of €200,000.

For all other companies (Central and Northern Italy), a non-repayable co-financing of up to 10% of the facilitated intervention amount may be requested, with a maximum limit of €100,000.

The financing includes 24 months of pre-amortization and a subsidized fixed annual interest rate of 0.371%.