Banca Ifis launches credit program for Veneto SMEs

Banca Ifis has launched ‘Valore Venezia’, a dedicated program designed to support small and medium-sized enterprises (SMEs) in the Veneto region of Italy. The initiative focuses on the ‘Economy of Beauty’ sector, which includes industries such as automotive, home systems, precision mechanics, cosmetics, and jewelry.

In the Veneto region, this sector comprises approximately 5,700 companies that employ 275,000 people and generate over 90 billion euros in turnover. The program provides medium-to-long-term financing starting from 50,000 euros with a maximum duration of eight years.

Additional features of the program include access to Central Fund guarantees and the possibility of up to 24 months of grace periods (pre-amortization). The credit assessment process is designed for speed and operational flexibility to assist companies with plant expansions, machinery purchases, brand development, digitalization, and international expansion.