There are new conditions for access to the business investment financing line Investe QREN in the amount of 500 million euros, to which is added an amount equal across the whole of adherent banks, “improving the interest rates and increasing financing terms”, according to Manuel Castro Almeida, Secretary of State for Regional Development, who was mentioned by the Portuguese journal Vida Económica.
The new conditions allow funding to a variable interest rate. In the case of SMEs, the spread will be between 2.18% and 2.68%. Likewise, it was established a “waiting period of capital between one to three years, increasing the financing term to 10 years and the elimination of the limit of 4 million euros a maximum amount of funding per company”, the newspaper reported.
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