Lombardy region: microcredit measure

Regione Lombardia promotes the “Microcredit” measure aimed at facilitating the promotion of business start-up.

WHO CAN APPLY?
– SMEs that have been active for up to 5 years and have an office in Lombardy
– Self-employed persons who have declared the start of their activity for a maximum of 5 years and have their tax domicile in Lombardy
in possession of a financing resolution from one of the contracted Microcredit Operators.

WHAT DO YOU FINANCE?
Projects to start or develop a business activity for an investment amount between 15,000 euros and 75,000 euros (elevable to 100,000 euros in the case of limited liability companies).

WHAT EXPENSES ARE ALLOWED?
(a) Purchase of capital goods, machinery, equipment, furnishings, hardware, and facilities for renewable, thermal, and refrigeration facilities for;
(b) Purchase of management, professional, and other business software, user licenses and cloud and saas and similar software services, patents, and user licenses on intellectual property;
(c) expert advice and other functional expenses for the registration of trademarks, patents and for the acquisition of quality certifications;
(d) services and advice related to business start-up;
(e) training courses;
(f) overhead.

WHAT IS THE FACILITATION?
The facility provides zero-interest regional financing combined with financing provided on market terms by an approved Microcredit Operator, aimed at supporting 100 percent of eligible expenses.
There is provision for partial remission of the portion of the loan granted by the Lombardy Region, rebating the last installments for a maximum amount equal to 50 percent of the principal amount of the regional loan.

WHAT ARE THE TIMELINES?
The window is open until available resources are exhausted.