The impact of the Covid-19 crisis on SMEs – Angelica Donati on Bloomberg

Angelica Donati Head of Business Development at Donati Spa, Sme in civil and infrastructure construction also present in the UK and USA.

“Banks tell us they don’t yet know what action they should take off the back of the latest government decree regarding business loan guarantees, and in some cases they have yet to implement the previous one, Cura Italia”, says Donati who called more than four banks the day after the decree was announced.

Banks suggested that she call them back after Easter because before taking action they have to receive directives (circolari) and must wait to understand a mechanism which is as yet unclear. Donati judges the government’s action as a positive step towards bringing much-needed liquidity to the construction sector which is harder-hit than most, having never recovered from the last crisis.

Read on Bloomberg.

2020-04-14T21:06:41+00:00 14 April 2020|As seen in|0 Comments