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Leumi &EIF

Leumitech has joined the InnovFin program  of European Investment Fund which goal is to enable innovative companies access finance more easily.  Credit provided under this umbrella will be to innovative companies in Israel  with the support of a EIF guarantee backed under Horizon 2020, the EU Framework Programme for Research and Innovation. The companies joining this program can gain additional financing at favourable conditions

The program applies to business:

  • with up to 500 employees
  • located in Israel.
  • have significant R&D or angel/venture capital investor

The loans under the program shall be:

  • Between 30,000-8,000,000USD
  • Between 1 to 10 year maturity
  • Provided in NIS or USD
  • Collateral : according to Bank decision (case by case)

*The bank has the right to decide whether a company is eligibale or not according to its policy

*EIF required guarantee fee of 0.25% or 0.4% (determined by size of the company)

For more information please contact Noga.Shiloach@leumitech.com

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More:

https://www.eif.org/what_we_do/guarantees/news/2016/innovfin_leumi.htm