The InnovFin SME Guarantee aims to help innovative SMEs 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 SME Guarantee.
Reserved for SMEs – under 500 employees Targeting innovative SMEs, under certain very specific criteria Loans between €25,000 and €7,5 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