Micro Loan Guarantees

By means of LN 143 of 2017, the Micro Loan Guarantee Regulations were amended so that family businesses as defined in the Family Business Act may also be able to benefit from such loan guarantees.  Applications for assisted loans will be considered by Malta Enterprise if the loan is intended exclusively for the acquisition of […]

Written By ACT Team

On May 29, 2017
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By means of LN 143 of 2017, the Micro Loan Guarantee Regulations were amended so that family businesses as defined in the Family Business Act may also be able to benefit from such loan guarantees. 

Applications for assisted loans will be considered by Malta Enterprise if the loan is intended exclusively for the acquisition of tangible assets and working capital linked to such acquisitions.  By means of this amendment, an application for an assisted loan may now also be considered if the loan is intended exclusively for the acquisition of intangible assets and the working capital linked to such acquisitions. 

Assisted loans may not exceed the maximum limit of Eur100,000 and the term of the assisted loan shall be for a maximum period of 10 years starting from the date on which the loan was granted.

How can we help?  

For further information, please contact one of the firm’s tax partners, Stephen Balzan on [email protected] or Elaine Camilleri [email protected]. ACT can help you understand the changes to the tax rules and how these can impact your business.  

Apart from its offices in St. Julian’s Malta, ACT operates from a second office in Gozo, which is situated in the capital city of Victoria.  For an appointment in our Gozo office, please call on 00356 21378672 or send us an email on [email protected].