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Content ID: PR_WCS01_UCM01057296

EIB Funding Lines

BPI benefits from several EIB funding lines of support for SMEs (companies with fewer than 250 employees) and Mid-Caps.

Banco BPI | Support Credit Lines | EIB Funding Lines

Banco BPI | Support Credit Lines | EIB Funding Lines

Background

The European Investment Bank (EIB) is the European Union's lending institution. Its shareholders are the member states of the EU. The EIB finances projects that contribute to the achievement of the objectives of the European Union. Supporting Small and Medium-sized Enterprises (SMEs) has long been a high priority for this institution.
BPI benefits from several EIB-funded lines of support for SMEs (companies with fewer than 250 employees) and Mid-Caps (companies with more than 250 and less than 3,000 employees), that enable these companies to access funds at favourable rates.

EIB's SME and Mid-Caps Credit Line: Companies located in a European Union member state, primarily in Portugal, operating in any sector of activity except those identified as "Non Eligible Investments".

EIB line to support employment and start-ups: Companies located in a European Union member state, primarily in Portugal, operating in any sector of activity except those identified as "Non Eligible Investments", which are considered start-ups or job-creating early-stage companies.

This line benefits from the financial support of the European Union in the context of the European Strategic Investment Fund - the financial pillar of the Investment Plan for Europe (the so-called Juncker Plan).

Beneficiaries

SMEs (companies employing less than 250 employees) or Mid-Caps (companies employing between 250 and 3.000 employees), in accordance with that established in Articles 3 to 6 of Title I of the Annex to the Recommendation 2003/361/EC, for implementation of investment projects to the amount of:

  • Up to 25 million euro for SMEs;
  • Dimension exceeding 25 million euro and 50 million euro or less in the case of Mid-Caps.
SME and Mid Caps EIB Line Companies established in one of the member states of the European Union, primarily in Portugal, which carry out operations in any sector of activity, except for those identified in "Non-Eligible Investments".
EIB Line to support employment and start ups Companies established in one of the member states of the European Union, primarily in Portugal, which carry out operations in any sector of activity, except for those identified in "Non-Eligible Investments" and which are considered as start-ups or companies in early stages of development which are creating employment.

Non-Eligible Companies:

  • Financial holding companies and/or holding companies (Sociedades Gestoras de Participações Sociais (SGPS));
  • Leasing companies held, total or partially, by companies which manufacture equipment.

 

Eligible operations

New loans intended to finance:

  • Medium and long-term working capital needs arising from the beneficiary's operational activities;
  • Investment in tangible (except land) and intangible fixed assets. 

Non-eligible investments: 

  • Operations intended for financial restructuring and/or which involve the consolidation of live credit;
  • Recoverable VAT and taxes;
  • Goodwill acquisition;
  • Acquisition of intangible assets liable of leading to/ strengthening a relevant market position (i.e. market share of more than 20%);
  • Purchase of mining licenses or rights;
  • Simple financial transactions;
  • In activities of a pure real estate brokerage and development nature;
  • In activities related to the weapons, tobacco, gambling, military, police or prisons sectors;
  • In activities involving scientific experiments with live animals;
  • In activities with an environmental impact that is not mitigated or compensated;
  • In activities that are ethically or morally contentious or prohibited by national law;
  • In activities of other sectors previously identified by the EIB. 

 

Amount

Maximum amount of funding:

SMEs: applies to financing related to investment projects amounting to €25 million or less, with financing up to 100% of the eligible cost of the project up to a maximum of € 12.5 million.
Mid Caps: applies to financing associated with investment projects amounting to more than €25 million and up to €50 million; EIB financing cannot exceed 50% of the eligible cost of the project.

Term

Minimum of 2 years; should not exceed the economic and technical life of the project financed (maximum 10 years).

Conditions

Benefit interest rate on the loan (equal to or greater than 25 basis points (0,25%) p.a.) than the rate offered by BPI for a similar operation not benefiting from EIB funding.


For more information, please go to any BPI Branch or Corporate Centre or contact us.

Observations

This information is provided for advertising purposes and does not constitute a contractual offer; you must read the pre-contractual and contractual information required by law.

Contracting subject to prior approval by the entities involved and subject to the conditions defined according to the risk profile of each operation.

Banco BPI, S.A., Rua Tenente Valadim, 284, Porto, Tied Insurance Intermediary no. 207232431 (registered with the Insurance and Pension Funds Supervision Authority on 31-10-2017 - more details on the registration available at www.asf.com.pt); authorised to carry on insurance business in the Life and Non-Life Branches with the insurers BPI Vida e Pensões - Companhia de Seguros Vida, S.A., Companhia de Seguros Allianz Portugal, S.A. and COSEC - Companhia de Seguro de Créditos, S.A. Banco BPI, S.A. is not authorised to receive premiums or enter into contracts on behalf of COSEC, Allianz or BPI Vida e Pensões and, as an insurance intermediary, assumes no responsibility for the coverage of risks inherent in the insurance contract.