OTP Leasing Romania, part of the OTP banking group, supports the local SMEs through the SME Leasing program, developed by the National Credit Guarantee Fund for Small and Medium Enterprises (FNGCIMM) and the Ministry of Public Finance.
Under the program’s umbrella, OTP Leasing will provide financial leasing for the purchase of commercial vehicles, buses, and coaches, mobile equipment, and machinery. Involvement in the SME Leasing program continues the initiatives to support the economic recovery of local companies that OTP Leasing has carried out during this year.
The program provides 60% and 80% guarantees from the State, taking into account the type of asset financed by financial leasing, interest subsidies, and other associated costs. The maximum period for which financing can be requested is 72 months and the advance is between 0-20%. The maximum value of the purchased goods can be 5 million lei (≈1 million EUR). Other advantages of the program are: no early repayment fee and the possibility of granting a grace period of between 3 and 12 months.
“We have joined the SME Leasing program considering the main objective of this period, which is to remain a pillar of support for local companies, through advantageous and personalized solutions that take into account the economic context and the needs of the areas we finance. This is a continuation of the other projects we have started in these last few months, such as private and public moratoriums, special campaigns with extended grace periods, or digital initiatives. SME Leasing comes with financial advantages for both SMEs and adjacent development opportunities: to continue to retain or even create new jobs, to purchase modern equipment or machinery, and to renew its fleets for commercial vehicles. All these benefits can bring even more value to the business and contribute to the economic health of local SMEs,” said Toni Tataru, CEO of OTP Leasing.
In order to benefit from this type of funding, SMEs must meet several eligibility criteria. Thus, these include: companies must prove that they are SMEs, according to the current legislation, have no arrears to the state budget, and carry out activities in the areas eligible for this program. OTP Leasing will grant initial approval for the financial leasing file and manage the relationship with FNGCIMM in order to obtain the final contract agreement.
Local SMEs can consult the SME Leasing guide developed by OTP Leasing and apply by accessing the www.imm.otp-leasing.ro