Interest rate bonification with or without additional grant procedure

Interest rate subsidy and additional grant procedure

For projects for which an interest rate subsidy and additional grant is applied for, companies must compile a dossier on the basis of the standard questionnaire jointly drawn up by Finexpo and the Del Credere Office. The economic aspects of the project and its relevance for development can be examined on the basis of this questionnaire.        

The Finexpo Committee will examine the dossier and deliver an opinion to the Minister for Foreign Trade. The minister will then decide whether or not to grant an interest rate subsidy.

 
Promissory note

The minister’s favourable decision takes the form of a promissory note, which is a document that is sent to the bank and/or the exporter and guarantees state intervention for a period of one year, twice renewable (i.e. three years altogether).

 
Ministerial decree

If the transaction is concluded within this three-year period, a Ministerial Decree is assigned to the exporter’s bank to formalise the granting of an interest subsidy.

 

 

Finexpo