Guarantees

Luxembourg SMEs get further guarantees for bank loans

With passage of legislation, SMEs could get almost 100% of loans guaranteed

06.02.2018

More than 200 small and medium-sized (SME) Luxembourg companies will be able to get loan guarantees totalling more than €20 million after an agreement was signed on Monday.

The Mutualité de Cautionnement (MC) – set up by the Luxembourg Chamber of Commerce in 1969 to make it easier for companies to access to bank financing – joined the European Union's COSME programme.