One of the EIB Group’s top operational priorities is to support the investments of small and medium-sized enterprises (SMEs), the engine of Europe’s economy.
Well before the crisis erupted, the EIB undertook a wide-ranging consultation of SME market players enabling it to develop a new lending product, dubbed EIB loans for SMEs. Available since October 2008 and channelled through commercial banks, these new loans are simpler, more flexible and more transparent, making it possible to reach a greater number of European SMEs.
All in all, EUR 30 billion will be made available to small businesses in the 27 EU Member States by 2011 to help them weather the global financial storm. At least half of this amount will be allocated by the end of 2009.
| Seed | Innovation | Growth |
|---|---|---|
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| Financing your investment loans: EIB loans for SMEs | ||
| Financing your working capital requirements | ||
| Obtaining a capital injection and development advice | ||
| Banks and financial intermediaries for granting credit lines outside the EU |
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