New 100 mio EU-guaranteed loans for innovative companies in Luxembourg
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.