Credito Valtellinese renews its agreement with Finlombarda S.p.A and allocates four billion to young entrepreneurs.
Credito Valtellinese, within its sphere of action in support of newly-created enterprises, allocates four billion to the Regional Law n. 68/86 - Enterprises formed by young partners, with the following characteristics:
BENEFICIARIES
FINANCIAL INVESTMENTS
FINANCING AMOUNT
CREDIT TERMS
Newly-created enterprises, consisting of young partners ( at least 2/3, aged 18 to 29), except joint-stock companies and limited partnerships, having their registered office in Lombardy.
Investments in support of new activities
Up to L. 150 billion at most
Term: until 10 years at most
Financing rate: 4 per cent
Securities: to be defined, according to the case (real securities, shareholders or third parties' personal securities, subsidiary securities, etc.,)
Credito Valtellinese branches are providing information and helping with the applications.
