Release date: 5 February 2009
Promoter – Financial Intermediary
LfA Förderbank Bayern
Location
Description
Loan for SMEs for LfA’s promotional programmes dedicated to SME financing.
Objectives
The proposed operation is dedicated entirely to the financing of SMEs. As such, it will support projects, which although being eligible, cannot be addressed by the Bank directly, due to the small investment cost for projects promoted by SMEs, who typically face a restricted access to capital markets.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 150 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The intermediary will undertake to ensure that the respective SMEs confirm that all relevant authorisations for construction and operation have been obtained to comply with relevant EU and national laws on environment.
Procurement
The intermediary will undertake to ensure that the respective SMEs confirm that all relevant authorisations for construction and operation have been obtained to comply with relevant EU and national laws on competition.
Status
Signed - 20/07/2009