The European Commission has proposed the creation of a 25-million-ecu loan guarantee scheme for small and medium-sized enterprises

Series Title
Series Details 11/04/96, Volume 2, Number 15
Publication Date 11/04/1996
Content Type

Date: 11/04/1996

Priority access will be given to firms with fewer than 50 employees, and cross-border projects. The fund, intended to finance the extra cost of guaranteeing loans to small companies, would cover loans up to 1 billion ecu and would be managed by the European Investment Fund.

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