Mobiasbanca obtained a new tranche of financing for InnovFin Guarantee Facility
A new contract for the second tranche, of 10,5 million euros, was signed by Mobiasbanca and the European Investment Fund (EIF) for InnovFin Facility, thus bank expanded the possibilities and available guarantee sources for developing innovative projects in Republic of Moldova.
The new tranche results both from the contractual terms and the desire to meet high client’s demands of crediting within this facility.
Note that InnovFin Guarantee Facility gives to Mobiasbanca’s clients additional guarantee in case of insufficient collateral requirements and advantageous conditions, including:
· up to 50% of the contracted value of the loan amount can be guaranteed by the InnovFin Facility;
· the financed amount varies from EUR 25 000 to EUR 7.5 million (or equivalent in MDL or USD);
· interest rates lower than the bank’s standard offer;
· maximum repayment period - up to 10 years.
InnovFin Guarantee Facility is dedicated for small and medium innovative enterprises, with the aim to launch new products, services or essentially improved and also for companies involved in research and development.
Mobiasbanca became a partner of the InnovFin SME Guarantee Facility with the financial backing of the European Union under Horizon 2020, the EU Framework Programme for Research and Innovation in November, 2016 http://site.mobiasbanca.md/en/news/new-opportunities-for-business-investment-in-innovative-technologies.
For more details, clients are asked to visit the nearest unit Mobiasbanca, to contact the personal adviser or call Contactell 022 256-456, available 24/24.