August 14, 2020

Competitiveness of enterprises and small and medium sized enterprises loan guarantee facility


Objective: Under this scheme the EIF will be able to provide enhanced terms and conditions for guarantees and counter-guarantees to incentivize financial intermediaries to provide working capital financing to European SMEs hit by the economic impact of the coronavirus pandemic.

Programme: Single EU Debt Financial instrument for Union enterprises’ growth and research and innovation (R&I)

Institution: European Investment Fund (EIF)

Deadline: 31/10/2020

Budget: COSME LGF COVID-19 Sub-window is opened under this Call For Expression of Interest with additional budgetary resources made available through the European Fund for Strategic Investments (EFSI) for a total of EUR 714 million

Financing type: Through COSME LGF, EIF offers guarantees and counter-guarantees, including securitisation of SME debt finance portfolios, to selected financial intermediaries (e.g. guarantee institutions, banks, leasing companies, etc.) to help them to provide more loans and leases to SMEs.

Who is eligible as financial intermediary:

  • Financial or credit institutions and loan (debt) funds duly authorised to carry out lending or leasing activities to SMEs according to applicable legislation, established and operating in one or more of the EU Member States and COSME Associated Countries;
  • Guarantee institutions, credit or financial institutions duly authorised to issue guarantees to SMEs according to applicable legislation, established and operating in one or more of the EU Member States and COSME Associated Countries.

Search the website

Use the following form to search our website