START-VSE
Incentive Category : Funding
Description
Loan on trust intended to finance working capital needs linked to medium and long term bank loans granted to eligible companies.
Organization
Central Garantee Fund(CGF); Banks
Detail
The ” Start-TPE ” loan characteristics are as follows:
- Share: 20% maximum of the total amount of the medium and long term bank loan;
- Ceiling: MAD 50.000;
- Interest rate: 0%;
- All business sectors excluding real estate development and deep-sea fishing.
Eligibility
- Be incorporated under Moroccan law, regardless of its legal form ( individual or legal entity);
- Have as purpose or activity the production of goods and/or services;
- Have received a medium and long term bank loan of up to MAD 300.000 secured by Damane Intelak or Intelak Al Moustatmir Al Qarawi.
