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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. |




