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Factsheet for measure LU-2011-36/2573 – measures in Luxembourg

Transfer loan

Prêt de Création et Reprise

Country Luxembourg , applies nationwide
Time period Open ended, started on 02 September 2011
Context COVID-19, Restructuring Support Instruments
Type Legislations or other statutory regulations
Category Supporting businesses to stay afloat
– Access to finance
Author Patrick Thill (LISER) and Eurofound
Measure added 23 June 2022 (updated 14 November 2022)

Background information

The loan is intended for recently incorporated or bought out SMEs and it is provided by the National credit and investment institution in Luxembourg (Société Nationale de Crédit et d'investissement - SNCI).

The activities are subject to a ministerial authorization within the meaning of the law of 2 September 2011 (law of establishment).

Content of measure

The creation-transmission loans are intended for the co-financing of tangible and intangible expenses necessary for the realization of the business plan presented by SMEs (newly created or taken over). In particular, land, buildings or parts of buildings for exclusively professional use, professional tools, manufacturing, production or sales licenses, software, start-up costs, clientele, working capital requirements, inventories, etc., are eligible, provided that the activity related to the project has not yet started or that the takeover has not yet taken place at the date of the application.

Beneficiaries must possess a valid business permit which is issued by the Ministry of the Economy. Beneficiaries must also submit a business plan and a financing plan which must include evidence of equity capital of at least 15% of the eligible amount. Excluded from the benefit of the creation loan are the creators of already established companies. However, already established promoters can benefit from a transfer loan.

The amount of the start-up and transfer loan may not be less than €5,000 nor more than €250,000, but may not exceed 40% of the eligible base. Investments financed by a start-up or transfer loan are no longer eligible for an SNCI investment loan. Loans are repaid in a constant quarterly amortization. An initial grace period of 6-12 months may be allowed. Prepayments can be made without charge or penalty.

Use of measure

In 2019, the SNCI (Société nationale de Crédit et d'Investissement) has mobilised a total budget of €24.1 million, compared to €60.01 million in 2018 ( 

In financial year 2020, SNCI did not make any originate-transfer loans.

Target groups

Workers Businesses Citizens
Does not apply to workers Applies to all businesses Does not apply to citizens

Actors and funding

Actors Funding
National government
Company / Companies

Social partners

Social partners' role in designing the measure and form of involvement:

Trade unions Employers' organisations
Role Unknown Unknown
Form Not applicable Not applicable

Social partners' role in the implementation, monitoring and assessment phase:

  • Unknown
  • Main level of involvement: Unknown



Views and reactions




Eurofound (2022), Transfer loan, measure LU-2011-36/2573 (measures in Luxembourg), EU PolicyWatch, Dublin,


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