First guarantee for participating loans in France under Competitiveness and Innovation Programme

The European Investment Fund (EIF) and ISODEV S.A., have signed a guarantee agreement under the EU’s Competitiveness and Innovation Programme (CIP) to support the development of participating loans for small and medium-sized enterprises (SMEs) in France.

This guarantee will enable ISODEV, a new quasi-equity player in France, to substantially increase its lending to SMEs to €140 million over the next two years. Nearly 3000 SMEs should be eligible for this programme, thereby gaining access to more than half a billion euros worth of lending to grow their businesses and create jobs.

ISODEV recently launched its participating loans offer in France to support investment by the smallest businesses. Its loans of €15 000 to €150 000 will be provided as a top-up to bank loans. The guarantee agreement under the CIP will enable it speed up the deployment of this innovative offer that will improve the financial structure of SMEs and ease their access to credit. 

Communiqué de presse (version FR)