The financing operation of SMEs, self-employed, and professionals, with loans guaranteed by the State up to 25 thousand euros, started on 20 April 2020. Here’s how to do it.

With the Liquidity Decree, among other things, the State guarantees loans to micro-enterprises, self-employed workers, and professionals, up to 25 thousand euros. Let’s see how the Liquidity Decree module works, for access to IVF financing.

Liquidity Decree Form: where to find it

From 20 April 2020, it is possible to apply with automatic procedure for the loans provided for by the Liquidity Decree for small entrepreneurial and professional realities.

Let’s quickly summarize the characteristics of automatic financing:

  • loan 100% guaranteed by the State up to 25 thousand euros;
  • maximum guaranteed amount up to 25% of 2018 revenues indicated in the 2019 Income model;
  • repayment over a maximum period of 6 years;
  • first installment not earlier than 18-24 months from the disbursement of the loan.

The loan application form can be downloaded from the portal of the Guarantee Fund of the Ministry for Economic Development.

Here is the link, click on Forms – Guarantee Fund

How do you apply for a loan of up to 25 thousand euros?

Here is a summary of all the steps to follow to obtain financing on your current account :

  • download the Liquidity Decree form;
  • complete it in all its parts (beware of false self-certification which also involve serious penalties and you can get to the penalty);
  • deliver the form to banks or financial intermediaries or Confide (credit guarantee cooperative that facilitates the use of credit by the entrepreneurial system);
  • delivery can also take place via a non-certified e-mail address, attaching a copy of the applicant’s identification document (indeed, the appeals from ABI and bank unions not to go to the branches are multiplying, also for issues related to the safety of operators and customers);
  • the banks or intermediaries who receive the request from their customers, in turn, apply for a guarantee to the State Fund;
  • the disbursement to the current account should be almost immediate.

The data relating to revenues must refer as an alternative to:

  • last balance sheet filed;
  • the last declaration presented.

For this reason, reference is made to the year 2018, since both the financial statements and the declarations relating to 2019 are still being defined.

Learn more about all the other measures envisaged for corporate credit with our article Liquidity decree: 400 billion guaranteed by the State