COSME Loan Guarantee Facility

Financing available

Overview of the COSME covid support package here and below in attachment.

Background

The EIF and EC are launching specific COVID-19 support under the COSME Loan Guarantee Facility (COSME LGF), which is supported by the The European Fund for Strategic Investments (EFSI)
Under this scheme the EIF will be able to provide enhanced terms and conditions for guarantees and counter-guarantees to incentivize financial intermediaries to provide working capital financing to European SMEs hit by the economic impact of the coronavirus pandemic
These guarantees are open to existing financial intermediaries (i.e. those already operating under COSME LGF) and to new applicants
Existing intermediaries shall be able to benefit from improved guarantee terms without any application process by executing an amendment to their agreements in line with the specific Notice to Financial Intermediaries - this is not published yet, to come (follow link for updates)
The support is available to companies through the intermediaries in each country, please see lists below
For all details on the financing available, please see the link or attachement above under "financing available"

Intermediaries (institutions who provide the loans)

Lists of financial intermediaries and sub-intermediaries currently operating under the COSME - Loan Guarantee Facility (LGF)

Sources