Agreement Fla-Unicredit
for loans to enterprises

In the course of 2012 were eleven million euros credit lines granted to companies associated with FederlegnoArredo as a result of agreements between FederlegnoArredo and UniCredit bank and contacts generated by this collaboration.

The convention will be based on a revolving line of credit to allow companies to use individual loans to cover expenses /investments related to the participation in exhibitions organized by FederlegnoArredo and to finance the production cycle as the purchase of stocks of raw materials and /or semi-finished products, both to dispose of orders/invoices or supply contracts.

Sixty beneficiary companies − of which 43 are based in northern Italy, 12 in the regions of central Italy and 5 in the south of Italy − which were contacted, along with 576 other companies potentially interested in the initiative, on the occasion of the last year editions of Saloni and Made expo.

Also for 2013, contacts were made with companies associated with FederlegnoArredo and 33 of them have already expressed interest in the initiative for the current year.

A significant result for the supply chain wood-furniture that, in a time of contraction of credit to businesses, in contrast gives a signal and represents a positive example of cooperation between two subjects of the national economic reality.