Liquidità Medio-Lungo Termine Garantita | CDP

Guaranteed Medium to Long-Term Liquidity

We support medium and large Italian companies affected by the COVID-19 emergency with liquidity, backed by the "Garanzia Italia"

CDP Group has put in place extraordinary measures through this product to support businesses due to the Covid-19 emergency.

Who it is aimed at
Medium and large Italian companies impacted by the Coronavirus emergency

How it works
We can offer your company medium to long-term loans to help with the Coronavirus epidemiological emergency. This is to support staff costs, investments or working capital in production facilities and business activities located in Italy, according to measures specified in the Legislative Decree 8 April 2020.

Loans may also be co-financed by the banking system, with a CDP share greater than 5 million euros and a maximum duration of 6 years (with a grace period of up to 36 months), for an amount no greater than the highest value of the following:

  • 25% of 2019 revenue, as indicated in the approved budget or tax declaration;
  • twice the company's 2019 staff costs, as indicated in the budget or the certified data, if the company has not yet approved the budget;.

The loans will be backed by the "Garanzia Italia" - a guarantee granted by SACE and counter-guaranteed by the State - until 31 December 2020, with the following coverage percentages:

  • 90% of the loan amount for companies with less than 5,000 employees in Italy and turnover of up to 1.5 billion euros;
  • 80% of the loan amount for companies with a turnover of between 1.5 billion and 5 billion euros or with more than 5000 employees in Italy;
  • 70% for companies with a turnover of more than 5 billion.

The economic conditions for the loans depend on the rating class of the beneficiary company, the duration of the loan and the cost of the SACE guarantee.

The Guaranteed Medium to Long-term Liquidity is intended for companies that are not situations of difficulty before 31 December 2019 and that require access to the Italian Guarantee.

For more information on the "Italy Guarantee" see the website https://www.sacesimest.it/coronavirus/garanzia-italia.

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