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    Reference: 20130474
    Release date: 9 October 2014

    Promoter – Financial Intermediary

    ACCEPTABLE BANK(S)

    Location

    Description

    Dedicated EIB loan for SMEs (and Mid-Caps) to finance small and medium-sized projects in the EU, to be intermediated by acceptable financial institutions such as banks, leasing companies, public support institutions or any other qualifying counterparts.

    Objectives

    Due to the large share of SMEs in the overall economy and their contribution to employment, the issue of access to finance for this segment remains at the core of the economic recovery of most Member States. The objective of the EU Programme Loan is to reach out to final beneficiaries effectively and rapidly, in line with the Bank's and the EU's key priority of supporting SMEs. The Bank's Loan for SMEs product remains an important vehicle to facilitate not only improved conditions of and enhancing access to finance for SMEs but also to address important market failures, for example in the area of youth employment.

    Comments

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 6000 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Status

    Approved - 13/03/2014

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    EU Countries Credit lines