The EIB finances SMEs through lines of credit to Financial Intermediaries. The Financial Intermediaries then have to report on how the loan was used in order to ensure compliance with EIB rules and EU objectives. Over time, different reporting procedures had developed and the EIB's Board of Directors gave the Evaluation Department the task of reviewing them. The object was to identify strengths and weaknesses, and to define a set of best practices for future operations. This report is the product of that review.