The EU programme for the Competitiveness of Enterprises and SMEs (COSME) Loan Guarantee Facility (LGF) aims to help Small and Medium-sized Enterprises (SMEs) get access to loans and other forms of finance
How does it work:
Go through your local bank or financial intermediary (if amongst the list) to get a loan from them, supported by the COSME LGF.
Targets nearly all types of SMEs, including private not-for-profit social service providers; Aims primarily at loans of up to €150,000, but higher is possible Aims primarily at SMEs of under 10 employees, but more is possible
Interested? What next?
Step 1: Develop your business plan, detailing how you plan to reimburse the loan and how much you need Step 2: Contact the selected financial Intermediary(ies) in your country on the following list and ask for a loan. • 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