EIB/EIF credit lines

• Tangible assets: acquisition, renewal or extension, including the acquisition of used assets.
• Intangible assets: costs related to development, planning and construction, R&D, creation of distribution networks in the EU, etc.
• Intergenerational succession or transfer of companies to staff members to ensure business continuity.
• Medium/long-term working capital requirements (minimum 2 years).
• The line is open until all funds are allocated.

• Small- and medium-sized enterprises with less than 250 employees: €25mn (total cost of the project).
• Mid-cap companies with up to 3,000 employees: €50mn (total cost of the project).
• If a project is already in receipt of an EU grant, that amount plus the total credit line obtained from the EIB may not exceed the total budget for the project.

The execution period for the investment project cannot exceed 36 months. However, the loan term can be up to 20 years, provided it matches the useful life of the investment.

Financing is available for investments located anywhere in the European Union provided they were initiated no more than 6 months before approval of the transaction and provided that they are still in progress.

• Manufacture of weapons.
• Games of chance.
• Manufacture, processing and distribution of tobacco.
• Activities that do not guarantee the European Convention on the protection of vertebrate animals.
• Activities with a negative impact on the environment.
• Controversial activities for ethical or moral reasons.
• Real estate development as the sole purpose.
• Purely financial activities.
• Leasing companies linked to manufacturing companies.

• Financial transactions (loans, purchase of shares, capital subscriptions, etc.), including the cancellation of other loans.
• Costs related to the acquisition of licences, production rights and other rights granted by public entities.
• All real estate activity (development, rental, sale, etc.). Property purchases are admissible if they are for business purposes and the business is not excluded from the economic activities list (CNAE).
• Investments aimed at providing financing to your consumer customers.
• Financing for the acquisition of land.
• Any refinancing.

• Self-employed and SMEs with up to 249 employees and a balance of €43 million and/or a turnover of €50 million.

• Personal loan with a fixed or variable interest rate and guaranteed by FEI.
• Guarantee of up to 70%.
• Repayment period of up to six years.
• Amount: up to €12,500,000, with the funded amount going no higher than 25% of your turnover or twice your salary costs for the 2019 financial year.

• Employed.
• Working capital.
• Purchase-sale of companies.

• Be self-employed or an SME (a Small or Medium-Size Enterprise).
• Comply with timeframe legislation.
• The borrower must have a registered office in Spain or Portugal.
• A company or business group established and operating in EU member countries.
• Not having been declared in crisis before 31 December 2019. For SMEs with up to 50 employees and a turnover and balance of up to 10 million euros, not being subject to insolvency, restructuring or financial-assistance proceedings or not receiving rescue aid in effect on the signing date will be sufficient.

• Export costs. An exporter may receive financing, but no financing will be provided for its export costs.
• Vehicle purchases: private or commercial vehicles, lorries, trains, buses and motorcycles.
• Boat purchases: sailing boats and similar vehicles.
• Facilities: heating, air conditioning, biomass and desalting.
• Extraction or energy production, with the exception of renewable energies.

• Forced labour / child labour.
• Illegal economic activities.
• Pornography and prostitution.
• Gambling, casinos, equivalent undertakings or hotels containing these establishments.
• Live animals for scientific and experimental purposes, including breeding these animals.
• Wild species or products.
• Fishing.
• Tobacco.
• Fossil-fuel-based energy production and related activities: coal, oil, natural gas, or electric power.
• Industries involving high energy consumption and/or high CO2 emissions.
• Dangerous materials; asbestos fibres, residues (waste products), pesticides/herbicides and chemicals.
• Natural tropical forests and felling them, as well as forests of high natural value.
• Palm-oil plantations.
• Ammunition and weapons, penitentiaries and prisons.
• Racist, anti-democratic and/or neo-Nazi media.
• Any business with a political or religious leaning.

Sectors which, while not excluded, require in-depth analysis for each transaction in order to determine whether or not they are compliant.

• Agriculture.
• Construction of buildings rated as sustainable (A+ or A energy certificate).
• Restoration of buildings, provided that the financing is over 25% of the property's value, excluding the land's value.

• Until 31 December 2022 or until the amount has been used up.