Facilitated corporate financing: EU funds and SME guarantee fund
Over the past few years, many entrepreneurs have benefited from EU business funding for starting their business project. But getting the funds is not a foregone conclusion. Participating in a tender for the grant of capital does not guarantee the disbursement. To grab the appropriations, the entrepreneur must present a qualitatively interesting project with solid foundations.
But what characteristics must a business project have in order to obtain financing for European companies? First of all, to be in line with the purposes of the reference call. It must also be clearly stated, especially with regards to the objectives. When evaluating, the creation of a structure operating at national or preferably international level is considered positively. Localism, on the other hand, has little appeal.
Another element that allows the appropriations to be awarded lies in foreseeing the possible economic effects of the project. It is also necessary to respect budgets fairly and avoid making too technical proposals, because they may not correspond to the needs that the call aims to satisfy.
Those who aim to increase the odds of success should not underestimate the time factor. The design of the business plan to be submitted requires hours and hours of work. Presenting an improvised project is counterproductive.
Loans to companies with state guarantee
European funds are certainly not the only way to obtain business financing. They can be requested from banks and financial institutions, including through the SME Guarantee Fund. It is a state project aimed at supporting small and medium-sized enterprises.
The guarantee fund for SMEs provides for the granting by the Italian State of a guarantee for the financing requested by the company. The company that submits a loan application through the Fund must have contributions or sureties or insurance policies since it is guaranteed up to 80% of the lent capital, up to a maximum of one and a half million USD.