Social Invest Credit Program TAE 3.905%

To empower social organizations

Financial support for organizations of the social sector

Learn more

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Social Invest Credit Program TAE 3.905%

To empower social organizations

Financial support for organizations of the social sector

Learn more

Social Invest Credit Program

Benefits Fees and costs Elegibility Access conditions

For private social solidarity institutions, mutual societies, charities, and cooperatives

This program is also available to local development associations and other non-profit organizations in the social economy.

For private social solidarity institutions, mutual societies, charities, and cooperatives

This program is also available to local development associations and other non-profit organizations in the social economy.

For private social solidarity institutions, mutual societies, charities, and cooperatives

This program is also available to local development associations and other non-profit organizations in the social economy.

For investments with 50% or more in Fixed Physical and Non-Physical Assets

Subsidized Interest Rate

1.75%

Term

First 3 years

These are the key features of the loan

7-year loan

8 quarters of principal grace period

20 equal installments

And this is the operation amount

Maximum of €100,000, up to 95% of the project value

All amounts are calculated at current prices, excluding value-added tax (VAT) whenever the entity is subject to VAT and eligible for deduction.

Simulação:
TAE of 3.905% calculated based on a TAN of 3.850% resulting from the simple arithmetic average of the daily prices of the 3-month Euribor from the previous month to each interest calculation period, rounded to the thousandth. For this example, it was May 2022, corresponding to -0.386%, which, being negative, is considered raised to 0.000%, plus a spread of 3.85%, for a bank financing of €75,000 contracted for a term of 50 months with a 12-month capital grace period.

The TAE (Effective Annual Rate) was calculated according to Decree-Law No. 220/94 of August 23.

This document is not a contractual proposal.

For cash flow support (50% or more of the total investment value)

Subsidized Interest Rate

1.85%

Term

First 3 years

These are the key features of the loan

5-year loan

4 quarters of principal grace period

Equal, quarterly, and deferred installments

And this is the operation amount

Maximum of €75,000, up to 95% of the project value

Elegibility

Here are the access criteria

New investments

in physical or non-physical fixed assets.

Reinforcement of the working capital

or permanent capital.

Expenses related to the preparation of the business plan

and the loan application process, up to a limit of 15% of the eligible amount, not exceeding 1.5 times the Social Support Index (IAS).

Condition

Eligible operations must create at least one job, provided they are viable and align with the defined goals.

Operations for financial restructuring,

debt consolidation or replacement, and debt settlement.

Expenses related to real estate acquisition

Expenses without justification

or recognition by Millennium bcp.

Elegibility

Here are the access criteria

New investments

in physical or non-physical fixed assets.

Reinforcement of the working capital

or permanent capital.

Expenses related to the preparation of the business plan

and the loan application process, up to a limit of 15% of the eligible amount, not exceeding 1.5 times the Social Support Index (IAS).

Condition

Eligible operations must create at least one job, provided they are viable and align with the defined goals.

Operations for financial restructuring,

debt consolidation or replacement, and debt settlement.

Expenses related to real estate acquisition

Expenses without justification

or recognition by Millennium bcp.

Access conditions

The organization must...

Be duly established

Also duly registered and cannot be more than 50% state-owned.

Have licensing

Must hold a valid license and fulfill other legal requirements to operate or provide proof that the process has been initiated.

Be in good standing with the authorities

Have its situation regularized with the Tax Authorities and Social Security.
No incidents recorded in the banking system, the mutual guarantee system, or the Credit Responsibility Centre of the Bank of Portugal, unless justified and accepted by Millennium bcp and the Mutual Guarantee Society.

Have organized accounting

As legally required.

Have a certificate of eligibility

In the case of cooperatives, present a credential issued by CASES.

Not under insolvency proceedings

Nor meet the criteria under national law to be subject to insolvency proceedings at the request of creditors.

Social Invest Credit Program TAE 3.905%

To empower social organizations

Social Invest Credit Program TAE 3.905%

To empower social organizations

Budget of 12.5 million euros for developing social and solidarity initiatives in the social sector

For private social solidarity institutions, mutual societies, charities, and cooperatives

This program is also available to local development associations and other non-profit organizations in the social economy.

Here’s everything you need to know

What, why, and for whom?

Valid for 2 years, renewable for additional periods, subject to the availability of resources

Financing for new investments in tangible or intangible fixed assets

Here’s everything you need to know

What, why, and for whom?

Budget of 12.5 million euros for developing social and solidarity initiatives in the social sector

For private social solidarity institutions, mutual societies, charities, and cooperatives

This program is also available to local development associations and other non-profit organizations in the social economy.

Valid for 2 years, renewable for additional periods, subject to the availability of resources

Financing for new investments in tangible or intangible fixed assets

Here’s everything you need to know

What, why, and for whom?

Budget of 12.5 million euros for developing social and solidarity initiatives in the social sector

For private social solidarity institutions, mutual societies, charities, and cooperatives

This program is also available to local development associations and other non-profit organizations in the social economy.

Valid for 2 years, renewable for additional periods, subject to the availability of resources

Financing for new investments in tangible or intangible fixed assets

Fees and costs

Now the numbers

Here are the access criteria

Here are the access criteria

Access conditions

The organization must...

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