The European Employment and Social Innovation (EaSI) Guarantee aims to help Social Entreprises get access to loans of up to €500,000.
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 EaSI Guarantee.
Loans of up to €500,000; Only targets Social Entreprises and their financing needs; Reserved for Social Entreprises with an annual turnover under €30 mln
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: http://www.eif.org/what_we_do/microfinance/easi/easi-signatures.pdf and ask for a loan. Step 3: If there is no financial intermediary in your country, speak to your local bank or social entreprise 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/microfinance/easi/