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Millennium BEI Mid-Caps Innovation Program TAE 3.754%

To grow and innovate

Financial support for projects that drive innovation and growth
woman wearing virtual reality glasses

Millennium BEI Mid-Caps Innovation Program TAE 3.754%

To grow and innovate

Financial support for projects that drive innovation and growth
woman wearing virtual reality glasses
woman wearing virtual reality glasses

Here’s everything you need to know

What, why, and for whom?

Here’s everything you need to know

What, why, and for whom?

Here’s everything you need to know

What, why, and for whom?

Rates and charges

Now the numbers

Effective Annual Rate (TAE)
3.754%
Term
3 to 10 years
Amount
1 to 50 million euros

The rate is based on the 180-day Euribor (preferably), plus a spread negotiated on a case-by-case basis.

TAE of 3.754% calculated based on a TAN of 2.500% - Euribor 6-month average (simple arithmetic mean of daily quotes from the previous month before the interest calculation period, which for this example was May 2022, corresponding to -0.144%, which, as it is negative, is considered elevated to 0.000%, plus a spread of 2.5%, for a Financing of 5 million euros over 5 years with a repayment plan in equal and successive monthly installments of capital, including the Organization Committee, the Management Committee and the Processing Committee of Provision.

TAE (Effective Annual Rate) calculated under the terms of Decree-Law No. 220/94 of August 23rd.

All proposals will be subject to credit risk analysis and decision by Millennium bcp.

This document does not constitute a contractual proposal.

Guarantees

Guarantee from the European Investment Bank (EIB) covering 50% of the financing. We will analyze other guarantees on a case-by-case basis.
Financing amount
For companies with up to 500 employees, investment projects range from 1 million to 50 million euros
For companies with 500 to 3,000 employees, investment projects range from 7,5 million to 50 million euros
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For more information, please contact your Account Manager or visit a branch.
For more information, please contact your Account Manager or visit a branch.

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Looking for a branch?
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Contactos
Need to call us?
Call 21 004 24 24 (call to national landline)
Call 21 004 24 24 (call to national landline)