Loan for Innovative enterprises


Loans for “Innovative enterprises” can be granted to young innovative SME which possess a business permit issued pursuant to the law of September 2, 2011 (right of establishment), have been in existence for less than 8 years and have a substantial impact on national economic development.


The beneficiary is an innovative enterprise, in so far as it can be demonstrated on the basis of a business plan, the development and commercialization of products/services or processes that are new or substantially improved/changed as compared to the state of the art in the concerned industry sector, and which carry a risk of technological or industrial failure. Innovative character of processes should be of a technological nature. Innovative character of products or services should be of a technological, commercial and/or organizational nature.

This loan can be combined neither with a direct SNCI loan for Research, Development and Innovation (RD&I) addressing established companies, nor with other SNCI instruments.

Eligible costs

Investments in depreciable assets and negative cash-flows resulting from the business plan presented by the innovative enterprises are eligible for this loan.

In particular, eligible costs include land, buildings or parts of buildings used exclusively for professional purposes, equipment, machinery and professional facilities, materials/supplies, personnel expenditures, patent filing fees, expenses related to contract research, use of databanks, technical libraries and laboratories, acquisition of patents/licenses, innovation support services like market research, implementation of new regulatory standards, testing and certification, costs of the commercial launch, as well as the required working capital.

Fixing of loan amounts

The loan cannot be greater than EUR 1.500.000 without exceeding 35% of eligible costs and taking into account the extent of the project and the size of the company.

At least 35% of investments and expenses shall be co-financed by own resources. Amount of the SNCI loan (or SNCI loans) cannot at any moment exceed the amount of capital contributions made in form of equity/subordinated loans.


Maximum loan duration is 10 years. It is fixed on the basis of the project requirements.


The remuneration is fixed by the SNCI’s Board of Directors. It is composed of two components: a remuneration of the first loan tranche which is proportional to the risk and success of the project and an interest rate fixed for the second tranche on the basis of interest rates on the capital market.


Generally, no guarantee is required.


Loan is disbursed in two tranches according to the disbursement plant determined in the framework of the dossier.


The first tranche accounting for 50% of the loan is repaid by a single payment at the final maturity date together with respective remuneration.

Repayment of the second loan tranche is performed by constant quarterly instalments with the first one due no later than three years after the conclusion of the contract on the basis of the project requirements.

Early repayment is subject to a prepayment fee.


The application should be sent directly to SNCI. Following documents must be included in the application by the requesting company:

  • a presentation of the applicant (creation date, shareholders, activity, main suppliers/clients, team)
  • a project description (new product/service created, marketing strategy, project team, market/competition/competitive advantage, project impact);
  • financial statements for the past three financial years (including liabilities towards the banking institutions and evolution of investments);
  • a business plan/budget of the company covering at least three years which contains an income statement and cash flow analysis (operational cash flow, investment and financing);
  • a plan of financing/disbursement for the project in question.

SNCI reserves the right to demand any additional information relevant for the project analysis.