Helps Small and Medium-sized Enterprises (SMEs) get access to loans and reducing the risk for local banks
How does it work:
Inform SMEs and local banks of this opportunity, supported by the COSME LGF.
Targets nearly all types of local banks to provide loans to SMEs, including private not-for-profit social service providers; Aims primarily at loans of up to €150,000, but higher is possible Facilitates access to loans for SMEs of under 10 employees, but more is possible
Interested? What next?
Step 1: Promote this programme as a relevant instrument for local banks and SMEs to facilitate access to loans Step 2: SMEs can find their • National Intermediaries: http://www.eif.org/what_we_do/guarantees/single_eu_debt_instrument/cosme-loan-facility-growth/cosme_lgf_signatures.pdf • Local Financial Intermediaries: http://www.eif.org/what_we_do/guarantees/single_eu_debt_instrument/cosme-loan-facility-growth/Sub_Intermediaries.pdf Step 3: If there is no financial intermediary in your country, speak to your local bank or private investor about this program and the support they could achieve from the EU Investment Plan. More information here: http://www.eif.org/what_we_do/guarantees/single_eu_debt_instrument/cosme-loan-facility-growth/index.htm