The InnovFin MidCap Guarantee aims to help innovative MidCaps (between 500 and 3,000 employees) get access to loans and guarantees
How does it work:
Go through your local bank or financial intermediary (if amongst the list) to get a loan from them, supported by InnovFin Midcap Guarantee.
Reserved for Midcaps – between 500 and 3000 employees Targeting innovative Midcaps, under certain very specific criteria Loans or debt-financing of up to €50 million
Interested? What next?
Step 1: Assess if you fulfil the criteria for being considered an innovative SME: http://www.eib.org/products/helpingyouinnovate/tool/index.html Step 2: The InnovFin Advisory Unit can guide you to structure your research and innovation projects in order to improve your access to finance http://www.eib.org/products/advising/innovfin-advisory/index.htm Step 3: Develop your business plan, detailing how you plan to reimburse the loan and how much you need Step 4: Contact the selected financial Intermediary(ies) in your country on the following list and ask for a loan http://www.eif.org/what_we_do/guarantees/single_eu_debt_instrument/innovfin-guarantee-facility/innovfin-smeg_signatures.pdf Step 5: 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/innovfin-guarantee-facility/index.htm