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The first 5 loans for a total amount of about 8.95 million lei have been issued in Moldova under the "373" program.

The first 5 loans for a total amount of about 8.95 million lei have been issued in Moldova under the "373" program.

The Government announced this, noting that the first 5 enterprises that received soft loans, partially covered by the state under the "373" program, will invest the money in modern equipment and agricultural machinery. Since June 22, 48 applications for these loans have been received. Companies can apply for an investment loan of up to 15 million lei from commercial banks-partners of the "373" state program. The goal of the "373" program is to revive the activity of small and medium-sized enterprises in the current economic conditions by granting investment loans by partner financial institutions and partial compensation of the interest rate by the state through the Fund for Entrepreneurship and Economic Growth of Moldova (FACEM). The interest rate on loans in foreign currency will amount to 3% per annum and in lei - 7% per annum. Investment loans can be attracted by SMEs for up to 7 years with a grace period of up to 3 years. The "373" program also provides for guaranteeing up to 40% (depending on the circumstances) of the value of loans through the Credit Guarantee Fund from the portfolio of the Entrepreneurship Development Organization (ODA). // 14.07.2023 - InfoMarket.

News on the subject

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