InnovFin guarantee for innovation
Loan guarantees on even more favourable conditions for innovative and digital companies, provided by InnovFin European Fund for Strategic Investments
InnovFin conditions
- Guarantees are provided to innovative and digital medium-sized enterprises (with a staff of up to 499 employees) or large enterprises (with a staff of 500 to 3,000 employees)
- The company and its operations meet at least one InnovFin innovation or digitization criteria to receive the guarantee
- Bank financing of up to EUR 6,250,000
- Guarantee in the amount of EUR 25,000 to EUR 5,000,000
- Guarantee of up to 80% of the principal financing amount
- Loan term of up to 10 years
- Reduced annual premium on the guarantee applies
The guarantees are provided through the European Fund for Strategic Investments (EFSI) and the European Investment Plan, with support of the European Union-funded research and innovation programme Horizon 2020. Provision of the guarantees is regulated by the InnovFin guarantee agreement signed by the European Investment Fund and ALTUM on
13.10.2016.