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European Investment Bank Sme Development Loan
 
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European Investment Bank Sme Development Loan (USD/EURO)

PURPOSE

To finance the investment expenditures ( the goods, works and services) of small and medium sized enterprises (SMEs) primarily in industry and services.

ELIGIBLE BENEFICIARIES

The autonomous small and medium sized enterprises(SMEs) with fewer than 500 employees prior to the project and not exceeding EUR 25.000.000 of total project cost in industry and tourism sectors and SMEs in certain priority  sectors such as  environmental protection, education, health, energy efficiency and development of a knowledge based economy  irrespective of the size of promoter can be financed through this fund.

CREDIT LIMIT

Maximum EUR 12.500.000 for a project.

CREDIT RATIO

Up to 100 % of the project total cost.

MATURITY

Minimum 2 Years including minimum 1-year grace period. Maximum 12 years including maximum 4-year grace period.Usually   maturities are proposed according to the results of project evaluation studies conducted by the experts.