InnovFin SME Guarantee Scheme

How can InnovFin help SMEs?

The objective of the InnovFin SME Guarantee scheme (#investEU) is to support research and innovation activities in small and medium businesses, helping them to gain access to a source of lower cost finance. InnovFin has the financial backing of the European Union under the Horizon 2020 financial instruments and complies with ethical principles and relevant national, EU and international legislation, including the Charter of Fundamental Rights of the European Union and the European Convention on Human Rights and its Supplementary Protocols.

Through this Guarantee, the European Investment Fund (EIF) collaborates with the Bank to extend banking facilities, namely loans to micro enterprises small and medium-sized entities (SMEs), and Small Mid-Caps on more favourable terms.



Micro enterprises, SMEs and Small Mid-Caps may apply for financing under the scheme as long as the following eligibility criteria are complied with:

  • One of the Innovation Eligibility Criteria is satisfied;
  • All the Final Recipient Criteria are complied with;
  • All the Final Recipient Transaction Eligibility Criteria are adhered to;
  • The applicant operates in Malta and is not involved in prohibited sectors

For the full list of eligibility criteria, please CLICK HERE or enquire at the Bank’s Commercial Business Unit on 21 226 644.

Features at a glance

Type of facilities
Loan or Bridge loan
50% of the investment

Competitive fixed interest margin over the Bank’s Base Rate.* Risk premium is removed on the part of the loan covered by the Guarantee.

Maximum repayment term of 10 years
Maximum moratorium on capital repayments not exceeding 2 years.
Disbursement of sanctioned facilities under the Scheme has to take place within 9 months from the approval date.
The provision of tangible security will attract lower borrowing rates of interest.

*As at 30th September 2016, the Bank’s base rate was 2.25% p.a. (this is subject to change).

Duration of the scheme

Applications for finance under the Scheme will be considered:
(a) On a first come first served basis;
(b) Subject to the take-up of the allocated budget within a maximum term of three years from the 1st November 2016.

Eligibility CriteriaContact Us

Terms and Conditions apply and are available upon request.

The Banking Arrangement is supported by the InnovFin SME Guarantee Facility, with the financial backing of the European Union under Horizon 2020 Financial Instruments and the European Fund for Strategic Investments (EFSI) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing


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