Signature(s)
Summary sheet
- Credit lines - Credit lines
The project consists of a loan for financing eligible projects promoted by small and medium sized enterprises (SMEs) and Midcaps in Romania.
Enhance access to finance for SMEs.
Operation aims to help mitigate market failure of SME and Midcaps' insufficient access to long term funding for their investments at low financing costs. By addressing these market gaps, which are more acute in Romania compared to EU average, project in particular supports strengthening of EU's economic, social and territorial cohesion (85% expected to be implemented in cohesion regions). The Small size of SMEs makes them more vulnerable to economic cycles and more constrained in opportunities for growth. Most important contributions of EIB loan will be: long term funding in local currency, diversification of external funding, and signalling effect for other financiers to provide similar long-term loans to Borrower. Finally, 30% of the loan amount will be specifically dedicated to Climate Action.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.