Facilitating bank funding
A measure decided to help companies to face financial difficulties and especially liquidity problems, is the setting up of a specific surety in the form of a guarantee that the Chamber of Commerce offers via its Mutualité de Cautionnement to companies that need credit or a bank loan. This guarantee will be up to 50% of the credit and covers a maximum amount of EUR 250,000 per guarantee. In order to guarantee rapid assistance to companies that request it, a procedure for analysing files within 48 hours has been put in place.
Companies who would like to take advantage of this guarantee must apply directly to their bank, who will decide whether or not to release the credit. The Chamber of Commerce is in contact with the banks to organise the provision of this new service. In addition, information on this crisis intervention tool can be requested via the following number: 42 39 39 - 445 or on www.cautionnement.lu.
Read some testimonials , by clicking here.