Partners in facilitating access to finance
Portfolio guarantees for SMEsThe Development and Investment Bank (BID) works with a network of financial intermediaries to ensure easy access for enterprises to appropriate financing solutions. These intermediaries may include:
Credit institutions
According to the definition established by Government Emergency Ordinance no. 99/2006 on credit institutions and capital adequacy, approved and amended by Law no. 227/2007, with subsequent updates.
Non-banking financial institutions (NBFIs)
Regulated by Law no. 93/2009 on non-banking financial institutions.
Other entities involved in
financial activities
Supporting SMEs through fair financing contributes to a stronger economy for everyone.
Guarantee Features
The Development and Investment Bank provides a guarantee instrument adapted to SMEs’ financing needs for investments and working capital, based on the following principles:
The product is developed by BID under de minimis aid rules and allows for the reduction of total financing costs for SMEs. The support provided is reflected in more favorable credit conditions, with the final beneficiary being able to access non-reimbursable aid of up to EUR 300,000 over three years. The Development and Investment Bank, as a de minimis aid provider, supports companies’ access to essential financial resources for expansion and sustainable development. Through these measures, BID contributes to strengthening the business environment and integrating it into a modern and sustainable economy.
The financial intermediary is responsible for managing the de minimis aid allocation and reporting to BID compliance with applicable thresholds and legal requirements.
Through these features, BID ensures a solid and efficient guarantee instrument aimed at supporting the growth and sustainability of Romanian enterprises.
1
Preselection
Financial intermediaries submit a formal request to benefit from BID guarantees.
2
Analysis and evaluation
BID performs a due diligence process on selected financial intermediaries.
3
Approval
Participation of financial intermediaries is formally approved by BID.
4
Signing
Signing of guarantee agreements.
5
Implementation
BID provides consultancy and support throughout implementation.
- Financial intermediaries will transfer the benefit obtained from the use of the BID guarantee to the final beneficiaries.
- Financial intermediaries are responsible for identifying, selecting, analysing, and implementing loans for final beneficiaries.
- Financial intermediaries are required to assess the eligibility of final beneficiaries also from the de minimis aid perspective: maximum ceiling calculation, gross grant equivalent calculation, reporting.
- Financial intermediaries are required to assess transactions included in the guarantee ceiling from the perspective of compliance with the DNSH principle (“Do No Significant Harm”).
1
Preselection
Financial intermediaries submit a formal request to benefit from BID guarantees.
2
Analysis and evaluation
BID performs a due diligence process on selected financial intermediaries.
3
Approval
Participation of financial intermediaries is formally approved by BID.
4
Signing
Signing of guarantee agreements.
5
Implementation
BID provides consultancy and support throughout implementation.
- Financial intermediaries will transfer the benefit obtained from the use of the BID guarantee to the final beneficiaries.
- Financial intermediaries are responsible for identifying, selecting, analysing, and implementing loans for final beneficiaries.
- Financial intermediaries are required to assess the eligibility of final beneficiaries also from the de minimis aid perspective: maximum ceiling calculation, gross grant equivalent calculation, reporting.
- Financial intermediaries are required to assess transactions included in the guarantee ceiling from the perspective of compliance with the DNSH principle (“Do No Significant Harm”).