Equipment loans Medium and long term loans Innovation loans Financing of foreign investments Equity loans Participating interest Start-up loans Equipment loans POTENTIAL BENEFICIARIES Equipment loans are targetted at people or companies, having an exploitation authorization delivered pursuant to the amended law of 28 December 1988 regulating the access to the occupations of craftsman, tradesman, industrialist, certain liberal professions or having an authorization under the terms of another legal provision, while respecting the criteria of small and medium-sized company as defined by the Community dispositions on the matter. PURPOSE  Equipment loans are granted for the financing of professional equipment, including safety or environmental protection equipment, as well as land being exclusively for professional use. Parts of buildings acquired for nonprofessional uses, motor vehicules as well as inventories are excluded from the benefit of equipment loans. Minimum investment: 12.500 euros, except in the case of business start-ups (first three financial years). FIXING OF LOAN AMOUNTS The maximum loan amount by project is 2.500.000 euros, except special authorisation by the minister of Economy and Foreign Trade and the minister of Finance. Equipment loans can cover between 25% and 60% of the eligible investment cost and up to 75% in the case of business start-ups. DISBURSEMENT Equipment loans are disbursed (on the basis of invoices and other relevant documentation) in maximum three instalments in proportion to payments made under the investment project. DURATION The duration of the equipment loan is fixed according to the nature of the investment with a ten years maximum. Whenever the real estate part of the investment equal or exceeds 75%, the duration can be extended to 12 years. In the case of setting up of companies or comparable operations like  the transmission or the reimplantation of companies, the acquisition or the extension of buildings, the duration can be extended to 14 years. A grace period of no more than two years for repayment of the capital may be granted in individual cases. REPAYMENT Quarterly repayments are linear. An early repayment of part or the total loan amount is possible at any time without penalty. GUARANTEES Investors are generally required to provide tangible and/or personal guarantees where appropriate. APPLICATIONS Applications for equipment loans are submitted to SNCI via the applicant's usual bank.
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