COVID-19: Business Support Lines

 

Four additional lines are available through the banks and guaranteed by the State in addition to the general line, which comprises all economic sectors.
These new lines of credit represent 3 billion euros of additional financing to the economy, with a grace period of up to 12 months, and are amortized up to four years.

COVID-19: Business Support Lines

1) Restoration and Similars

What is?

• 600 M € credit line for restaurants and similar companies.

Who is it for?

• Microenterprises, SMEs: -Positive net situation in the last approved balance sheet; or – Negative net situation and settlement in the interim balance approved until the date of the transaction.

What are the requirements?

• Company statement on the negative impact of COVID-19 and fulfillment of requirements. • Situation regularized before the SS and AT.

What are the conditions?

• Maximum per company: 1.5 M €. • Guarantee: Up to 100% of the capital owed • Counter-guarantee: 100% • Term of operations: 4 years.

2) Tourism – Travel Agencies; Animation; Organization of Events and Similars

• 200ME, of which 75 ME for Micro and Small companies.

What is?

• Credit line for travel agencies, tourist entertainment, event organization and similar companies, in the amount of 200 M €.

Who is it for?

• Microenterprises, SMEs, small mid cap and mid cap with: – Positive equity in the last approved balance sheet; or – Negative equity and regularization in the interim balance approved until the date of the transaction.

What are the requirements?

• Company statement on the negative impact of COVID-19 and fulfillment of requirements. • Situation regularized before the SS and AT.

What are the conditions?

• Maximum per company: 1.5 M €. • Guarantees: Up to 100% of the outstanding capital. • Counter-guarantees: 100%. • Term of operations: 4 years.

3) Tourism – Enterprises and Accommodation: 900 ME, of which 300 ME for Micro and small companies

What is?

• Credit line of support for tourism companies (including tourist developments and tourist accommodation) in the amount of 900 M €.

Who is it for?

• Microenterprises, SMEs, small mid cap and mid cap with: – Positive equity in the last approved balance sheet; or – Negative equity and regularization in the interim balance approved until the date of the transaction.

What are the requirements?

• Company statement on the negative impact of COVID-19 and fulfillment of requirements. • Situation regularized before the SS and AT.

What are the conditions?

• Maximum per company: 1.5 M €. • Guarantee: Up to 100% of the outstanding capital. • Counter-guarantee: 100%. • Term of operations: 4 years.

4) Industry – Textile, Clothing, Footwear, Extractive industries (ornamental rocks) and the wood and cork industry

• 1,300 ME, of which 400 ME for Micro and Small Companies.

What is?

• Industry credit line (textiles, clothing, footwear, extractive industries, wood sector) in the amount of 1,300 M €.

Who is it for?

• Aimed at micro, small and medium-sized companies, Small Mid Cap and Mid Cap: – With positive net position in the last approved balance sheet; or – With negative equity and regularization in the interim balance approved until the date of the operation.

What are the requirements?

• Company statement on the negative impact of COVID-19 and fulfillment of requirements. • Situation regularized before the SS and AT.

What are the conditions?

• Maximum per company: 1.5 M €. • Guarantees: Up to 100% of the outstanding capital. • Counter-guarantees: 100%. • Term of operations: 4 years.

5) Credit line Capitalize Covid-19

• € 200 M credit line for treasury support, under the Capitalizar Program (operated by the banking sector), including sectors not covered by the lines referred to above.

What is?

• Credit line to support companies’ treasury in the amount of 200 M €.

Who is it for?

• Preferably addressed to SMEs or companies with: – Positive net position in the last approved balance sheet; – Negative equity and settlement in the interim balance sheet approved until the date of the transaction.

What are the requirements?

• Company statement on the negative impact of COVID-19. • Situation regularized before the SS, AT and the bank.

What are the conditions?

• Maximum per company: 1.5 M €. • Guarantee: Up to 80% of the outstanding capital. • Counter-guarantee: 100%. • Term of operations: ⁻ 4 years for Working Capital; and ⁻ 1 to 3 years for Treasury.

6) Tourism credit line

• € 60 M credit line for micro-enterprises in the tourism sector (operated by Turismo de Portugal).

What is?

• Credit line to support companies’ treasury in the amount of 60 M €.

Who is it for?

• Micro companies in the tourism sector that: -are licensed and registered with the National Tourism Registry, if required; -are not in a situation of a company in difficulty; and -Have not been subject to administrative or judicial sanctions in the past 2 years.

What are the requirements?

• Company statement on the negative impact of COVID-19 and fulfillment of requirements. • Situation regularized before the SS, AT and Turismo de Portugal, IP

What are the conditions?

• Amount: 750 € / month / worker. • Maximum amount: 20 thousand euros. • Duration: 3 months. • Reimbursement: 3 years (with 1 year grace period) • Interest-free • Guarantee: Personal partner guarantee • Responsible entity: Turismo de Portugal, IP.

Our experience

Atlantic Consulting has more than 24 years of experience.

  • Speed ​​in the diagnosis, analysis and framing of the company’s needs.
  • Quick Intervention, definition of procedures, strategy and actions to be implemented.
  • Development and Implementation of a wide range of solutions.
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