Investe RAM 2020 Line
Support companies in the secondary and tertiary sectors of the economy that intend to boost productive investments in the Autonomous Region of Madeira.
Global Deadline
Up to 12 years
Financing
Up to 4.250.000,00€
Grace Period
Up to 18 months
Eligible Entities
SME
Investe RAM 2020 Line
Support companies in the secondary and tertiary sectors of the economy that intend to boost productive investments in the Autonomous Region of Madeira.
Global Deadline
Up to 12 years
Financing
Up to 4.250.000,00€
Grace Period
Up to 18 months
Eligible Entities
SME
Objectives and characteristics
- Support companies in the secondary and tertiary sectors of the economy that intend to promote productive investments in the Autonomous Region of Madeira.
- RAM – Autonomous Region of Madeira.
- SME.
- Beneficiaries’ Obligations
- Certification by IAPMEI
- Be legally constituted
- Be located in RAM (investment and headquarters)
- Have no debts to entities providing financial support, certified through a company’s declaration of commitment
- Have no unjustified incidents with the banking system
- Have their licensing situation regularized
- Be in good standing with Tax Authority (AT) and Social Security (SS), granting IDE-RAM online access for verification throughout the financing contract period
- Present a balanced economic-financial situation or demonstrate the capacity to finance the operation.
- Eligible Operations
- Financing operations intended for tangible and/or intangible investments, as well as working capital, limited to a maximum of 10% of the total investment
- Operations for the acquisition of real estate, provided it is allocated to business activity
- Operations for the acquisition of land, with or without buildings, provided it is intended for business activity, with this portion of financing limited to a maximum of 10% of the total eligible expense for the operation
- Maximum Financing Amount
- Per project: Cannot exceed €4,250,000.00
- Guarantee by SGM: cannot exceed €3,400,000.00
- In the case of support granted under the de minimis regime:
- Guarantee with a duration of 5 years:
- General: €1,500,000.00
- Companies engaged in commercial road transport: €750,000.00
- Guarantee with a duration of 10 years:
- General: €750,000.00
- Companies engaged in commercial road transport: €375,000.00
- Guarantee with a duration of 5 years:
- Per project: Cannot exceed €4,250,000.00
- Global Financing Term
- For financing up to €250,000:
- Up to 6 years
- For financing above €250,000:
- Up to 12 years
- For financing up to €250,000:
- Grace Period
- For financing up to €250,000:
- Up to 12 months, counted from the contract signing date
- For financing above €250,000:
- Up to 18 months, counted from the contract signing date
- Note: up to 24 months, counted from the contract signing date, when justified by the investment period
- For financing up to €250,000:
- Maximum Mutual Guarantee
- Up to 80% of the outstanding capital at any given time
- Counter-guarantee Fund Share %
- 80%
- Interest Rate / Spread
- Fixed or Variable Interest Rate
- Maximum spread of 3.4%
- Bonuses
- Full bonus of the guarantee commission up to a maximum of 1.6%
- Interest rate bonus of 60% of the contracted spread, with the possibility of an additional bonus of:
- +20% when the company creates or maintains employment levels
- +20% when the project meets innovation criteria
- Credit Collateral
- Autonomous first-demand guarantee, issued by SGM, covering up to 80% of the outstanding capital at any given time
- The Credit Institution and SGM may request additional guarantees
- Fees, Charges, and Costs
- Exempt from commissions and fees usually charged by the Bank and SGM
- Costs associated with contracting borne by the beneficiary: property appraisal, registrations and deeds, taxes or fees, as well as similar expenses
- Credit Institutions may charge a flat structuring fee of 0.25% for operations longer than 6 years
- For financing under fixed interest rate, Credit Institutions may pass on to companies the costs incurred with fixed-rate reversal in the event of total or partial early repayment
Objectives and characteristics
Support companies in the secondary and tertiary sectors of the economy that intend to promote productive investments in the Autonomous Region of Madeira.
SME.
Beneficiaries’ Obligations
Certification by IAPMEI
Be legally constituted
Be located in RAM (investment and headquarters)
Have no debts to entities providing financial support, certified through a company’s declaration of commitment
Have no unjustified incidents with the banking system
Have their licensing situation regularized
Be in good standing with Tax Authority (AT) and Social Security (SS), granting IDE-RAM online access for verification throughout the financing contract period
Present a balanced economic-financial situation or demonstrate the capacity to finance the operation.
Eligible Operations
Financing operations intended for tangible and/or intangible investments, as well as working capital, limited to a maximum of 10% of the total investment
Operations for the acquisition of real estate, provided it is allocated to business activity
Operations for the acquisition of land, with or without buildings, provided it is intended for business activity, with this portion of financing limited to a maximum of 10% of the total eligible expense for the operation
Maximum Financing Amount
Per project: Cannot exceed €4,250,000.00
Guarantee by SGM: cannot exceed €3,400,000.00
In the case of support granted under the de minimis regime:
Guarantee with a duration of 5 years:
General: €1,500,000.00
Companies engaged in commercial road transport: €750,000.00
Guarantee with a duration of 10 years:
General: €750,000.00
Companies engaged in commercial road transport: €375,000.00
Global Financing Term
For financing up to €250,000:
Up to 6 years
For financing above €250,000:
Up to 12 years
Grace Period
For financing up to €250,000:
Up to 12 months, counted from the contract signing date
For financing above €250,000:
Up to 18 months, counted from the contract signing date
Note: up to 24 months, counted from the contract signing date, when justified by the investment period
Maximum Mutual Guarantee
Up to 80% of the outstanding capital at any given time
Counter-guarantee Fund Share %
80%
Interest Rate / Spread
Fixed or Variable Interest Rate
Maximum spread of 3.4%
Bonuses
Full bonus of the guarantee commission up to a maximum of 1.6%
Interest rate bonus of 60% of the contracted spread, with the possibility of an additional bonus of:
+20% when the company creates or maintains employment levels
+20% when the project meets innovation criteria
Credit Collateral
Autonomous first-demand guarantee, issued by SGM, covering up to 80% of the outstanding capital at any given time
The Credit Institution and SGM may request additional guarantees
Fees, Charges, and Costs
Exempt from commissions and fees usually charged by the Bank and SGM
Costs associated with contracting borne by the beneficiary: property appraisal, registrations and deeds, taxes or fees, as well as similar expenses
Credit Institutions may charge a flat structuring fee of 0.25% for operations longer than 6 years
For financing under fixed interest rate, Credit Institutions may pass on to companies the costs incurred with fixed-rate reversal in the event of total or partial early repayment
