Loans with EIB funding

Who is the EIB

The European Investment Bank (EIB) is the European Union’s financial institution for long-term investment in line with the Union’s policy objectives. Its mission is to promote integration and contribute to the socio-economic cohesion of member countries.

What is the EIB Covered Loan?

The EIB-backed guaranteed loan is a medium- to long-term financing solution designed to support all SMEs that need capital to support their development projects and/or liquidity needs.

It is a measure implemented thanks to an agreement between Banca Ifis and the EIB, which provides for a EUR 50 million credit line made available by the EIB to Banca Ifis to support the growth and development of Italian SMEs.*

Benefits

The Mutuo Garantito with EIB funding is specifically designed to support the growth of SMEs through:

  • A competitive loan with a minimum financial advantage of 25 bps per annum;
  • Easier access to credit thanks to risk mitigation on the guaranteed amount and the lower cost of the guarantee required.

Who it is aimed at

It is intended for all micro, small and medium-sized enterprises (with fewer than 250 employees at consolidated level) operating in Italy and registered in the Companies Register. Certain sectors are excluded, including but not limited to:

  • Agriculture, forestry and fishing;
  • Financial and insurance activities;
  • Hydropower;
  • Production of weapons, explosives, military vehicles;
  • Gambling;
  • Waste treatment and disposal.

Features

Loans to SMEs may be granted to support projects to be carried out, and/or in progress, that are economically, environmentally, technically and financially viable, which may concern
o purchase, restructuring or extension of tangible assets;
o investment in intangible assets, for example: expenditure on research, development and innovation, acquisition of software, licences and patents;
o working capital requirements.

The Guaranteed Loan with EIB funding covers a medium/long-term financing operation with:

  • Maximum value of EUR 2.5 million;
  • Minimum duration of 37 months, maximum of 96 months;
  • Maximum pre-amortisation duration of 24 months.

Advertising message for promotional purposes. For the contractual and economic conditions of the product shown, please consult the Mutuo Garantito con provvista BEI information sheet available at branches and in the Transparency section of the website www.bancaifis.it.

* The Mutuo Garantito con provvista BEI also provides for the issue of a guarantee in favour of the Bank issued by the Fondo di Garanzia per le piccole e medie imprese (Guarantee Fund for small and medium-sized enterprises) established by Law No. 662 of 23 December 1996 and managed by Banca del Mezzogiorno Medio Credito Centrale S.p.A., as agent of the R.T.I. (temporary association of companies) awarded the contract.

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