One of the EIB Group’s top operational priorities is to support the investments of small and medium-sized enterprises (SMEs), the engine of Europe’s economy.
Well before the crisis erupted, the EIB undertook a wide-ranging consultation of SME market players enabling it to develop a new lending product, dubbed EIB loans for SMEs. Available since October 2008 and channelled through commercial banks, these new loans are simpler, more flexible and more transparent, making it possible to reach a greater number of European SMEs.
The EIB has continued its critical contribution to the European SME sector in 2010 with a total of EUR 10 billion in support of this important market. This has brought signatures of EIB loans for SMEs to some EUR 30 billion with intermediary banks between 2008 and 2010, meeting the target set in the 2008 European Economic Recovery Plan one year early. More than 160 000 SMEs received finance from the EIB during this three year period, helping to fill the funding gap for SMEs, which have found it particularly difficult to obtain financing in these challenging economic circumstances.
| Seed | Innovation | Growth |
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| Financing your investment loans: EIB loans for SMEs | ||
| Financing your working capital requirements | ||
| Obtaining a capital injection and development advice | ||
| Banks and financial intermediaries for granting credit lines outside the EU |
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