The European Investment Bank (EIB) is the long-term lending bank of the European Union. Its four main services are loans to the public and private sector (including SME finance through banks), technical assistance for financing facilities, credit guarantees and venture capital finance.
Financial institutions that partner with the EIB act as intermediary financing institutions and pass the funds on to customers, usually SMEs or local authorities.
To qualify as an SME for EIB funding purposes, a company must have fewer than 250 employees, an annual turnover not exceeding €50 million, and an annual balance sheet total of up to €43 million.
The conditions of financing (interest rate, grace period, loan period, etc.) and lending decisions are made by the intermediary bank.
Find out more about EIB financing for SMEs on the EIB website