Banca Cr Firenze and Centro Fidi Terziario have agreed to supply a 30 million euro plafond in financing for small and mid sized businesses in Tuscany, thanks to agreement that foresees easy access to financing and advantageous payback time.
Financing began last May 5 and requests can be made until January 31, 2009. The five-year loan will be repayable in two ways: through a traditional monthly payment system or with a ''shared financing'' that allows 50% of the total to be paid back all at once at the end of the loan's term.
Businesses can use the financing for purchasing or the restructuring of a property, buy tools or software, to invest in research and innovation projects, or to carry out eventual financial restructuring.
Franco Marinoni, board advisor for the Centro Fidi Terziario company made up of 14 provincial consortiums of Confcommercio in Tuscany, Umbria and part of Lazio said, ''We are proud to give our local businesses this extraordinary opportunity to grow and develop''.
It is an important tool for the Tuscan economy, whose 2008 growth is estimated around 1.4%, slightly down from last year's 1.7% in 2007 and 2006. Tuscan business have increased nonetheless: today there are over 400,000 companies a positive balance 1.05%, the best Italian result after Lazio.
