Not all loans are the same: the subsidized ones are designed for specific categories of workers such as civil servants, for example disabled people, Social Institute pensioners regardless of the type of work carried out, registered in trade associations or specific entities. They are also characterized by particularly advantageous conditions intended primarily for some specific categories such as young entrepreneurs, women and young couples. For this 2017/18 (as well as for 2016), then, the subsidized loans enjoy different conventions.
Subsidized loans also to the unemployed?
This year, various concessions have been introduced in certain types of loan: just think of the expansion of the offers for the granting of credit to the unemployed, to those who cannot present a guarantor and do not have a paycheck. The ‘typology’ most used for these situations, was mainly the microcredit available to help start businesses among the constant proposals we see the 5-star Movement microcredit or those with a regional dimension or to deal with social emergencies.
What funding to help students and young entrepreneurs?
Subsidized loans normally need guarantee funds which must be allocated according to the resources that the government, the Regions or the bodies manage to find. This is the biggest limit we can meet in their research, as there may be no appropriations or the funds may be insufficient – for some typologies, however, there are products offered in an almost constant way.
Among the latter we can undoubtedly find honor loans for young people up to 35 years or those reserved for students. The former are loans that can also be offered at 50% non-refundable and 50% at subsidized rates. They are usually reserved for unemployed young entrepreneurs or university students who have a strong merit, with a high university performance and a low income (in the scholarship formula).
Student loans are the result of agreements between banks and universities, so it is obvious that:
- they are not accessible to everyone;
- the minimum requirements envisaged generally focus on merit, therefore with rather high average marks;
- the benefits mainly lie in the fact that you get a loan to finance your studies without the need for guarantors and that the time when you will have to start paying off the debt is rather ahead of time.
How are they obtained?
As far as university loans are concerned, it is advisable to contact the banks affiliated with the University of belonging: to know the updated list accurately, it is good to contact the student secretariat. We specify that these loans have as objective to help the student to sustain the expenses in the training path: for this reason the sums received very often can only be invested for example to pay university fees, purchase books and enroll in specialization courses.
These are not zero-interest loans, but the facilitations consist in access to credit (see also Microcredit), without the intervention of a guarantor or other forms of guarantee, and in the duration of the repayment plan that often starts after the term. of studies, and with the start of work. For these reasons, the procedures for applying and the necessary forms must be requested directly from the student secretariat, which will help to complete the few formalities required.
The news for loans to SMEs and female entrepreneurship
Other types of subsidized loans concern loans to SMEs and female entrepreneurship (see also Start-up loans). The former are truly fundamental for the thrust of the national economy (given the fact that Italy is a country made up mainly of small and medium-sized enterprises) and are aimed at all companies that do not exceed 250 employees. Less frequent but still present we also find the more particular ones intended for micro and mini businesses, so as to involve companies with very few employees, if not even the sole owner.
The funds for subsidized loans to SMEs can come from European funds, from regional allocations, but banks are undoubtedly in charge of this type of credit, thanks also to the big liquidity boost given by the Cream bank in 2015 : several billion USD, of which 2 made available by the Litebank with the Grancassa operation and another 200 million by the agreement between Spin Lender and Across Lender, the Infra Bank.
The disbursement, even if made directly by the banks, is conditioned by the link and its availability with one of the guarantee funds. This implies the need to obtain specific certifications or the assistance of designated offices.
This type of loan generally includes an increased ceiling and very convenient amortization plans, which depend on the type of company and investment.
What concessions for women?
Finally, a look goes to the facilities for female entrepreneurship, which appeal to SMEs made up of at least 60% of women and which operate in sectors such as tourism, business services, crafts, commerce and the agricultural sector..
Also in this case the interest rate is very advantageous and a part is considered non- repayable. In addition, there are facilitated repayment times for the portion of the loan to be repaid, not only in the very early stages but also later depending on the state of health and the financial statements.
However, the loan amounts and the repayment methods change according to the region in which the company has its residence. To know all the details on the beneficiaries of subsidized loans for SMEs and female entrepreneurship valid from 2015, consult the online portals of the region to which they belong, in the “Calls for tenders” section.