How long does it take for the bank to analyze my credit file?
Approval of a credit file can take from a few days up to a maximum of 2 weeks, depending on the type of loan requested and the situation ...
What happens with the guarantees if I repay the entire loan?
In case you fully repay the financing, at term or in advance, all constituted guarantees will be canceled. 😎
Is the file analysis done through AI mechanisms or by bank employees?
Gathering part of the information and certain interpretations thereof are automated, but the final decision is made according to clear criteria, ...
What can I use the money for if I apply for working capital?
In the case of working capital loans, the money from the loan will be used for the company's current activity, namely: suppliers of raw materials ...
What can I use the money for if I apply for an investment loan?
Proposed investment projects for financing must aim at the acquisition of commercial or production spaces, machinery or equipment that ...
What happens if I do not comply with the conditions of the state aid scheme?
If you do not comply with the conditions of the state aid scheme (the document you signed when receiving the state guarantee) you will be required to reimburse ...
How many banks can I apply to?
You can select only one financier.In case you receive a refusal from the bank you selected, however, you can request from FNGCIMM to access ...
Do I have to announce if I make any changes in the ownership structure?
You must notify both the bank and FNGCIMM before any change in shareholder structure, mergers, divisions, etc. to avoid ...
Can I request an increase of the guarantee?
The request to increase the state guarantee for ongoing loans is considered a new granting and is analyzed in compliance with all provisions ...
Can I make layoffs after accessing a state aid scheme?
You cannot make dismissals between April 04, 2020 and December 31, 2020.You can organize the working schedule of the employees depending on how it evolves ...
Do I also have to submit the de minimis declaration to enroll in the program?
No, the submission of the minimum declaration is not required.You only need the following documents: a copy of the unique registration certificate, a copy of the identity card of ...
How can I modify the initial approval conditions?
To change the initial approval conditions, you just need to request approval from the bank. From there, we take care of notifying FNGCIMM.