Loan process starts for firms
As of Thursday, most businesses can submit applications to receive state loans through the new support mechanism for enterprises, known as "deposits to be returned," that will distribute funds of 1 billion euros.
Unfortunately, those companies that express their interest will be somewhat in the dark, as the terms and conditions and the selection criteria will only be made known later on, after the exclusion of enterprises that can benefit from other financing tools. Therefore they won't know how many companies are interested, the amount they will receive or the eligibility requirements. A Finance Ministry official said that all this will be announced after the end of application submissions on April 10, so that any interested businesses do not modify their financial data in the meantime.
The corporations that can apply are those that employ up to 500 people, on the...