Textile firms of Carpi province in Italy will receive financial help of 20 million euro from Unicredit bank.
Valid till the end of 2006, this loan is for those firms which need investment in technological advancement, differentiation of products and capitalization of their business on Basel agreement.
For technological advancement and product differentiation, bank gives Carpi enterprises finance 50000 euro for 5 years at reasonable rates (Euribor 3 months up 0.90 pct).
For business capitalization, bank offers finance without any real estate guarantee or it will be based on mortgage loans.
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