COSME loan guarantee facility

E318598

The COSME loan guarantee facility is an EU program that helps small and medium-sized enterprises access finance by providing guarantees and counter-guarantees to financial intermediaries.

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Label Occurrences
COSME loan guarantee facility canonical 1

How this entity was disambiguated

Statements (44)

Predicate Object
instanceOf European Union programme
loan guarantee facility
aimsTo improve access to finance for SMEs
basedOn risk-sharing with financial intermediaries
benefits improved loan conditions for SMEs
reduced collateral requirements for SMEs
doesNotProvide direct loans to SMEs
eligibleIntermediaries banks
guarantee institutions
leasing companies
mutual guarantee societies
focusesOn market gaps in SME financing
fundingSource European Union budget
geographicalScope Member States of the European Union
surface form: European Union Member States
implementedBy European Investment Fund
legalFramework Regulation (EU) No 1287/2013
managedBy European Commission
objective encourage financial intermediaries to lend to SMEs
facilitate access to bank loans for SMEs
support SME growth and competitiveness
operatedBy European Investment Fund
partOf COSME programme
policyArea small and medium-sized enterprises
policyObjective job creation in the EU
strengthening SME competitiveness in the internal market
predecessorProgramme InnovFin SME Guarantee Facility
surface form: CIP SME Guarantee Facility
provides counter-guarantees to financial intermediaries
guarantees to financial intermediaries
reduces financing risk for financial intermediaries
relatedTo EU SME policy
EU Single Market governance framework
surface form: EU single market policy
sector enterprise policy
successorInstrument InvestEU guarantee for SMEs
successorProgramme InvestEU
surface form: InvestEU SME window
supports debt financing for SMEs
existing SMEs seeking expansion finance
investment loans for SMEs
leasing transactions for SMEs
start-ups
working capital loans for SMEs
targetBeneficiaries entrepreneurs
small and medium-sized enterprises
timePeriod 2014–2020
typeOfSupport indirect support via financial intermediaries

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

European Investment Fund implements COSME loan guarantee facility