Often, having the need to purchase machinery or equipment for their work or, in general, for investments connected with their work, the artisans and the self-employed need to access liquidity: in this article we address the very topic of financing to artisans, given the large number of requests that reach providers, such as the EU and various public bodies.
Loans for Self-employed Workers
In fact, there are various loans that national public bodies or the European Union guarantee to those productive categories, which are considered worthy of support, for the positive impact that their activity has on the territory in which they operate: one of these is the artisans.
The craftsmanship in Italy enjoys public contributions in the form of loans, provided by the State and Regions and managed by Artigiancassa, which acts as concessionary of the facilities.
Unfortunately, it is not possible to do a real examination of the conditions offered by such funding, because they vary from region to region.
The most important laws governing such contributions to subsidized loans are 949/52 and law 240/81.
The artisans, in particular, can also enjoy the law 215/92, which generally concerns female entrepreneurship and which extends to the cases of women artisans both for the advance of capital contributions provided for by the same law, and also for the coverage of the portion of capital not assisted by Law 215/92, up to a maximum of 26 thousand euros.
For the aspiring new artisans, instead, Artigiancassa provides financing and prefinancing. These last three months, renewable for another three months, guarantee loans of up to 10,329.14 euros, to be repaid in a single payment. The loans, on the other hand, cover up to € 25,822.85 and are repayable within five years, on a monthly, quarterly or half-yearly basis.
The rate applied is the IRS, dependent on the Euribor, with the application of an increase differentiated from region to region.
There are no preliminary investigation fees. In the event of early repayment of the debt, a percentage of the residual capital must be paid.
Microcredit, on the other hand, covers financing needs for the category up to 30 thousand euros, to be repaid in three years, in the case of loans for company liquidity needs and in seven years, in the case of investments. Information can be requested at the regional offices of Artigiancassa and affiliated Confidi. The preliminary expenses are fixed and equal to 100 euros.
Finally, home loans for craftsmen are loans granted for the purchase of the first house or second home or relative restructuring. To assess the conditions, contact the regional Artigiancassa offices.