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Loan’s Characteristics

• Loan amount: Up to c/v EUR 12.5 Million
• Currency: USD
• Duration: Min. 2 Years, Up to the Economic Life of the Project, not exceeding 7 years

Financing Advantages

• Choice of fixed or floating rates
• Long repayment period – At least 2 years longer in comparison with similar loans
• Grace period of up to 2 years for repayment of principal
• More favorable interest rate – At least 0.50% lower in comparison with similar loans

Eligibility

Lebanese SMEs incorporated and operating in Lebanon, with a workforce of up to 250 employees,

The following activities and cost categories are not eligible for EIB support (non-exhaustive list):

• Activities targeting the production of weapons and ammunition, arms, military or police equipment or infrastructures, and equipment or infrastructure which result in limiting people’s individual rights and freedom or in violation of human rights;
• Activities targeting the production or facilitating the use of gambling and related equipment;
• Activities targeting tobacco manufacturing, processing, or specialist tobacco distribution, and activities facilitating the use of tobacco (e.g. “smoking halls”);
• Activities which give rise to environmental impacts that are not largely mitigated and/or compensated;
• Activities considered ethically or morally controversial or which are forbidden by national law, e.g. research on human cloning;
• Activities prohibited by national legislation. Examples: Genetically Modified Organisms (GMO), abortion clinics, nuclear energy, etc.
• Activities targeting the production or sale of goods which are the subject of an act infringing a trade mark or a geographical indication;
• The purchase of goodwill, licenses or rights for mineral resource exploitation;
• Activities constituting pure real estate development activity;
• Activities constituting pure financial transactions (such as the purchase of shares, or any other financial product);
• Also excluded are financial holding companies and leasing companies.

The approval of a facility is subject to the admission of satisfactory collaterals and overall riskiness of the borrower. The bank reserves the right to reject any facility request, if terms and conditions are not met.