Línea BEI Pymes y Midcaps

  • Investments and working capital financing

    Made by SMEs and midcaps

  • Advantageous conditions when having European funds Broad repayment installments Amount until 12.5 millions

What is the Line EIB SMEs and Midcaps?

It is a Line subscribed between EIB and Bankia, that it has as an aim to provide the financing of the made business projects in Spain and in the European Union for this type of companies and self-employed workers.

The EIB is a financial institution of the European Union, set up in 1958 by the Treaty of Rome. Its shareholders are the EU member States. In its capacity as an EU institution, the purpose of the EIB is to finance investment promoting economic integration and the greater social cohesion of member States (www.eib.org).

The financing from the EIB has favourable conditions with respect to credit alternative sources, which it allows to Bankia to move to its clients one financial advantage in the financing of its and.

The contribution of the EIB is framed within the signed collaboration agreement in date 14 January 2016 between EIB and Bankia, in virtue of which a Contract of Financing was subscribed with a value of 500 million euros called “EIB LINE OF FUNDING FOR SMEs And MIDCAPS III” and whose object it is to finance investment projects and working capital in Spain and the promoted European Union by self-employed workers, small and medium-sized enterprises (SMEs) and by companies of middling capitalisation (MIDCAPS).

Advantages of the Line EIB SMEs and Midcaps

  • Beneficiaries: Self-employed workers, SMEs with fewer than 250 employees and Midcaps with a number of employees between 250 and 3,000, regardless of its balance sheet and invoicing, that are based mostly in Spain, although are permitted also the based ones in the European Union.
  • Bankable projects: working capital investment projects and needs, that they must materialise in Spain or in European Union countries.
  • Bankable amount with EIB funds: until 12.5 million euros for project.
  • Sectors excluded by the EIB: they will not be able to take refuge in this Line projects of certain sectors, as military productions, property developments, games of chance, production and marketing of tobacco, live animal' use with experimental ends, projects that harm the environment, purely financial operations., among others.

 

Terms and Conditions

  • Economic and financial Terms and Conditions of loans: when being a Line with EIB's support, has preferred economic conditions that it can consult in its branch or via its Commercial manager.
  • Repayment term:
    • Investment projects: between 2 and 12 years, with possibility of lack.
    • Working capital financing: 2 to 5 years, with the possibility of grace period.
  • Type: finance can be secured via loan operations.
  • Item of the holders: the number of employees is both taking into account and its direct employees as the employees of related companies (self-employed workers, partners and linked) and also relationships will be taken into account between companies via individuals in the case of combining enterprises.

Item of the bankable projects

A. Investment projects:

  • Tangible: Investment projects in productive assets, except land (except if the purchase is considered technically essential for the project), that involve new investment and/or the extension or upgrading of existing facilities. Financing for the acquisition of land for agricultural purposes is entirely excluded.
  • Intangibles: R&D&I expenses, development costs, creation or acquisition of distribution networks in domestic or foreign markets within the EU, acquisition or purchase of brands and patents.

You will be able to finance the acquisition of a company in order to to guarantee the continuity of its economic activity in certain cases and under certain conditions (inter-generation succession or transfer of company ownership to employees).

All investment projects must materialise in Spain or in some European Union country.

B. Projects of working capital:

  • Needs of liquidity set aside for give a stable working capital capital base that allowing the potential beneficiaries to finance the obligations arising out of its commercial cycle, as part of its normal activities.
  • Financed categories can include, among others, the necessary funds for the acquisition of raw materials and other manufacturing inputs, inventories and indirect costs, as well as the funds to finance commercial debtors and other non-commercial credits.

It will not be able to finance purely financial operations (restructurings of liabilities, refinanciaciones, purchase of shares in companies (except for indicated suppositions previously), not even for the property development.

You will not be able to finance the costs related to the acquisition of licences, production rights and other rights granted by government bodies. Taxes on the business only you will be able to finance in those suppositions in which you can not recover.