Methodological Norms for the application of IMM Factor and Agro IMM Invest

 In Fiscal news

On 12.04.2021, the Decision no. 422, for the modification and completion of the Methodological Norms for the application of GEO 110/2017 regarding the Program for supporting small and medium enterprises and small enterprises with medium market capitalization SME Invest Romania, was published in the Official Gazette. The amendments and completions aim at introducing the Methodological Norms for the Agro Invest SME Program through which the state guarantees the credits for agriculture accessed for the current work needs or for making investments in companies in from the fields of agriculture, fishing, aquaculture and food sector.
Participants in this program will also receive a grant of 10% of the loan.
The normative act is in force since April 12, 2021.

Also on 12.04.2021, was published in the National Gazete the Decision no. 423 approving the Methodological Norms for the application of GEO 146/2020 regarding the approval of the SME Factor Program – Product for guaranteeing the commercial credit and the associated state aid scheme.
The program will allow the settlement of the state-guaranteed invoices by the banks, thus helping SMEs to obtain liquidity through factoring (invoices issued by SMEs participating in the program being settled by banks before maturity).
The normative act entered into force on April 12, 2021.

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