Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What are the European Commission conditions under the Commission State Aid temporary framework, and how do they differ between loans and loan guarantees?

0
Posted

What are the European Commission conditions under the Commission State Aid temporary framework, and how do they differ between loans and loan guarantees?

0

The European Commission temporary framework conditions for state aid were established: • To unblock bank lending to companies and thereby guarantee continuity in their access to finance, in light of the exceptional and transitory financing problems linked to the banking crisis; and • To encourage companies to continue investing in the future, in particular in a sustainable growth economy The conditions are on the basis of Article 87(3)(b) of the EC Treaty. All applicants and projects must demonstrate clearly that they meet these conditions. The conditions for loan guarantees offered under the Temporary State Aids framework by the AAP are covered under ‘Aid in the form of guarantees’. The key points are: • The maximum loan does not exceed the total annual wage bill of the beneficiary (including social charges as well as the cost of personnel working on the company site but formally in the payroll of subcontractors) for 2008 ; • The guarantee does not exceed 90% of the loan, for the dura

Thanksgiving questions

*Sadly, we had to bring back ads too. Hopefully more targeted.