Innovation Finance & Green Loans

What is the definition of an SME under the guarantee?

A. < 250 employees and less than €50million turnover or €43 million in assets

B. < 150 employees and less than €50million turnover or €43 million in assets

C. < 150 employees and less than €43million turnover or €50 million in assets

Which of the following circumstance would not require product approval before issuing an LoV for an Innovation Finance loan?

Decreasing the amount

B. Increasing the margin

C. Increasing covenant levels

What is the correct high growth qualifying criteria?

A. Operating in a market for less than 10 years following the first commercial sale and turnover or staff has endogenously grown on average 10% a year over a 3 year period (with at least 10 employees at the beginning of the reference period)

B. Operating in a market for less than 3 years following the first commercial sale and turnover or staff has endogenously grown on average 20% a year over a 2 year period (with at least 20 employees at the beginning of the reference period)

C. Operating in a market for less than 12 years following the first commercial sale and turnover or staff has endogenously grown on average 20% a year over a 3 year period (with at least 10 employees at the beginning of the reference period)

There is an overlap between Innovation Finance and Green Loans between £3m and £5m, what was the main reason for this decision?

A. Align with our LIBOR offering

B. Real estate does not qualify for Innovation Finance and we wanted to lend to this sector

C. Able to offer tailored terms over £3m

Innovation Finance & Green Loans

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