{"id":774,"date":"2020-03-28T01:35:32","date_gmt":"2020-03-28T01:35:32","guid":{"rendered":"https:\/\/www.jose-saramago.com\/capitalizar-line\/"},"modified":"2026-07-21T23:48:22","modified_gmt":"2026-07-21T22:48:22","slug":"capitalizar-line","status":"publish","type":"page","link":"https:\/\/www.jose-saramago.com\/en\/capitalizar-line\/","title":{"rendered":"Capitalizar Line"},"content":{"rendered":"\n

Capitalizar Credit Line 2018<\/h1>\n

COVID-19, 200 Million euros<\/h3>\n

12th of March, 2020<\/p>\n<\/div><\/div><\/div><\/div><\/div>

The Capitalizar 2018 \u2013 COVID-19 Credit Line launched by the Government with a global allocation of 200 million euros, is intended for Portuguese companies whose activity is being affected by the economic effects resulting from the coronavirus outbreak, and in which there is a a drop in sales of at least 20% in the last 60 days prior to the submission of the request to the IC compared to the same period of the previous year.<\/p>\n<\/div><\/div><\/div><\/div><\/div>

Recipients<\/h3>\n<\/div><\/div><\/div>

Preferably Small and Medium Enterprises (SMEs) or other companies, located in the national territory, that meet the following requirements:<\/p>\n

    \n
  • They carry out activities included in the 2018 Capitalizar Line CAE list;<\/li>\n
  • No debts to FINOVA;<\/li>\n
  • Present a positive net worth in the last approved balance sheet or certified interim balance sheet up to the operation's framework date;<\/li>\n
  • Absence of unsettled incidents with the Bank at the date of issuance of the contract;<\/li>\n
  • Regularized tax and contributory status;<\/li>\n
  • Statement explaining the negative impacts of the outbreak that justify the need to obtain funding (standard draft).<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div>

    COVID-19 specific condition<\/b><\/h3>\n<\/div><\/div><\/div>

    Companies will have to declare that the company's sales have decreased by at least 20% in the last 60 days prior to the presentation of the financing request at the Bank, compared to the same period of the previous year.<\/p>\n<\/div><\/div><\/div><\/div><\/div>

    \n\n\n\n\n\n\n\n\n\n\n\n\n
    <\/td>\nCOVID-19 Working Capital<\/td>\nCOVID-19 Treasury Ceiling<\/td>\n<\/tr>\n
    \"first come first served\" allocation<\/td>\n160 million euros<\/td>\n40 million euros<\/td>\n<\/tr>\n
    Maximum amount per company<\/td>\n1.5 million euros<\/td>\n1.5 million euros<\/td>\n<\/tr>\n
    Eligible operations<\/td>\nIntended to finance working capital needs, in the form of short and medium term bank loans<\/td>\nExclusively intended to finance treasury needs in a revolving regime, excluding guarantee operations<\/td>\n<\/tr>\n
    Deadline<\/td>\nUp to a maximum of 4 years<\/td>\n1, 2 or 3 years, with the possibility of reducing the total or partial credit limit, without penalty<\/td>\n<\/tr>\n
    Grace period<\/td>\nMaximum of 12 months<\/td>\nn.a.<\/td>\n<\/tr>\n
    Period of use<\/td>\nup to 12 months<\/td>\nContinued use up to the contractual term and limit<\/td>\n<\/tr>\n
    Interest rate<\/td>\nFixed or variable plus spread<\/td>\nFixed or variable plus spread<\/td>\n<\/tr>\n
    Warranty and counter-warranty<\/td>\nGuarantee provided by the Mutual Guarantee Societies (SGM) - Agrogarante, Garval, Lisgarante, Norgarante - intended to guarantee up to 80% of the outstanding capital. Benefit from a 100% FCGM counter-guarantee<\/td>\n<\/tr>\n
    Maximum Term for Decision on the Transaction by the Mutual Guarantee<\/td>\nOperations up to \u20ac200M - 7 working days
    Operations above \u20ac200M - 12 working days
    Syndicated operation between the Guarantee Societies: plus 5 working days.<\/td>\n<\/tr>\n
    Period of validity<\/td>\nUntil May 31, 2020<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

     <\/p>\n<\/div><\/div><\/div><\/div><\/div>

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