Société Nationale de Crédit et d'Investissement (SNCI) is a public-law banking institution in Luxembourg City. According to its website, it is designed to encourage business investments, start-ups, and research initiatives. Founded in 1977, it is wholly owned by the State of Luxembourg.
Financial services
SNCI provides medium and long-term financing for investments made by Luxembourg-based companies, including Luxembourg companies operating abroad, and start-up loans for small and medium-sized enterprises. SNCI also provides loans for financing professional equipment including equipment for safety or environmental protection. It also offers innovation loans for research-and-development programmes or projects of industrial enterprises and service providers; foreign investments financing; and equity loans for limited liability companies.[2] On average, SNCI loans cover some 25% of investments in fixed assets for industrial projects while up to 75% of eligible start-up investments can be covered for young craftsmen, traders, hoteliers, or restaurant owners.[3]