PMV Corporate Loans Platform (CLP)

Programme name

PMV Corporate Loans Platform (CLP)

Objective(s) and scope

PMV offers long-term loans for SMEs and large companies. PMV intends using flexible long-term loans to provide SMEs with growth or investment plans with the opportunity to further diversify their funding and provide them with solutions supplementing traditional bank loans.

The loans are designed to enable companies to diversify and improve the balance of their debt structure, making them better able to withstand future interest rate rises. The loans (EUR 5-15 million) have terms of between five and ten years, with a fixed or variable interest rate of between 2% and 4% and repayment in full on the final due date, or with a repayment schedule following a grace period. 

Relevant areas for the maritime industry include:

• Transport: PMV (co)invests when projects are not yet investment-ready, but also when you want to scale up with more ambitious investment programmes after the pioneering phase. Via the funds PMV manages, it also offers a platform that connects institutional investors and projects focusing on PPP projects, energy transition, ports, logistics and digital transformation.
• Energy transition: Support investments in innovation, infrastructure and efficiency.

Type of finance provider

Private/Public

Administering body

PMV

Financing product

Loans

Financing value

Total of EUR 200 million

Eligible countries

Belgium

Eligibility criteria (if available)

Enterprises with the following:

• an operational office in Flanders and/or added value for Flanders
• a track record in generating positive cash flow
• a solid market position
• a well-balanced management team
• a solid business plan that demonstrates sufficient capacity to repay current and future debts

Further information on eligibility criteria

• Minimum amount of EUR 700,000
• Market-based remuneration with 3 possible components
  • (a part) cash interest
    (partly) deferred interest, payable at the final maturity of the loan
  • a part variable remuneration, in function of the performance of the company
• At least 50% of the company’s overall financing requirement is always covered by banks, shareholders, managers, financial investors, etc.
• Little or no collateral
• Covenants: provisions with which the borrower must comply, such as providing financial information or meeting financial ratios.

Application period

Not specified – Contact PMV for more information

Technology type

Not specified – Contact PMV for more information

Technology readiness level (TRL)

Not specified – Contact PMV for more information

Project example(s)

Wandelaar Invest | PMV

Euroports: in the city and at the port | PMV

Additional information

Characteristics of these loans include:

• Long-term contracts, with an average term of 7 years and a maximum term of 10 years.
• High degree of flexibility, for example in the possibility of drawing down the loan in one or more tranches or on the deferral on the possibility of repaying the entire principal on the maturity date, among others.

Links

PMV CORPORATE LOANS PLATFORM

PMV corporate loans | PMV