Release date: 9 February 2021
Promoter – Financial Intermediary
SG EQUIPMENT FINANCE BENELUX BVLocation
Description
Loan for small and medium-sized enterprises (SMEs) and mid-caps covering SGEF Benelux activities in the Netherlands (as well as Luxembourg and Belgium to a smaller extent). This financing aims to support SMEs and mid-caps impacted by the COVID-19 crisis and the ongoing economic fallout.
Additionality and Impact
The project addresses the difficulties for private entities such as SMEs and Midcaps to access equipment financing. This market failure has been exacerbated by the Covid19 crisis. The financial intermediary is well established and has sufficient experience to implement EIB loan facilities and support SMEs and Midcaps in the targeted market. Most of the EIB financial benefit will translate into support for the targeted SMEs and Midcaps in the form of interest rate reductions on the sub-loans. By extending a lifeline to SMEs and Midcaps via a tested intermediary, the EIB can play a counter-cyclical role, and positively contribute to the recovery of not only the final beneficiaries but also the Dutch (as well as Belgian and Luxembourgish to a smaller extent, as these two markets are also covered by the Borrower) economy that has been impacted by the Covid19 crisis.
Objectives
Financing of small/medium projects carried out by SMEs and mid-caps
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 60 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 30/09/2021
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).