The European Investment Fund (EIF) has signed agreements with Banque Internationale Luxembourg (BIL) and ING Luxembourg to provide EUR 110 million of loans to innovative small and medium-sized companies and small mid-cap companies.
The loans benefit from a guarantee by the EIF providing a new opportunity for innovative SMEs to get access to funding. The new loan offerings add to Luxembourg’s reputation as an excellent location for start-up companies looking toward global growth.
Among the target beneficiaries of the guarantee are research-based and innovative SMEs as well as other companies with a real commitment into innovation.
