The COSME Guarantee


This Guarantee is given by the European Investment Fund (EIF) as part of the Investment Plan for Europe. EIF aims to support Europe’s SMEs by improving their access to finance through a wide range of selected financial intermediaries. In this role, EIF fosters EU objectives in support of entrepreneurship, growth, innovation, and employment. Franfinance benefits from the support of the European Union under the Loan Guarantee Facility established under Regulation (EU) No 1287/2013 of the European Parliament and the Council establishing a Programme for the Competitiveness of Enterprises and small and medium enterprises (COSME) (2014-2020).”

Who can benefit from COSME ?

Micro, small and medium-sized enterprises2 meeting certain eligibility criteria can benefit from COSME.

All the financial lease and hire purchase contracts, up to 150K€ are eligible. The funding period must, however, be greater than 12 months.

How to benefit from COSME ?

All funding requests submitted by our authorized partners are pre-qualified in our tools in order to determine if they qualify to COSME. When reviewed by our risk department, and if the eligibility criteria are met, the decision includes a “COSME conditional agreement”. The customer will simply have to sign an addendum to his contract (in a duplicate copy).

The benefits of COSME

Providing  an effective support to the real economy, standing alongside the enterprises and supporting the business of our partners and their development : This is the mission that we have at heart and the commitment we make.

Thanks to this new tool, our SME customers benefit from an easier access to investment finance. For you, COSME can broaden your scope to reach and retain new customers.

For details on COSME, please have a look at the EIF dedicated website.

Nota : 

1 According to the European norm EU 2003/361, any enterprise which employ fewer than 250 persons and which have an annual turnover not exceeding EUR 50 million