SME Loans definition

SME Loans means all lending to any small and medium-sized enterprise as defined by the European Commission Recommendation of 6 May 2003 (OJ L 124, 20.5.2003, p.36) in Ireland engaged in an economic activity, irrespective of legal form (e.g. corporation, partnership, sole-trader), which employs fewer than 250 persons and whose annual turnover does not exceed €50 million or whose annual balance sheet does not exceed €43 million. Such lending includes secured and unsecured lending via term loans, commercial mortgage loans repayable over a defined period of up to 15 years and asset finance and commercial finance and invoice discounting, whether the interest rate for the loan concerned is variable, or a fixed margin over a specified reference interest rate, or an interest rate fixed for all or part of the term of the loan. Excluded from this definition is any lending to non-SME commercial entities, persons acting as consumers, “government” and "other financial” customer categories;
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SME Loans means the Loans referred to in Section I.B of Schedule 2 to this Agreement to be extended to Eligible SMEs, in accordance with the terms and conditions of this Agreement and the POM.
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SME Loans means all lending to any small and medium-sized enterprise as defined by the European Commission Recommendation of 6 May 2003 (OJ L 124, 20.5.2003, p.36) in Ireland engaged in an economic activity, irrespective of legal form (e.g. corporation, partnership, sole-trader), which employs fewer than 250 persons and whose annual turnover does not exceed €50 million or whose annual balance sheet does not exceed
Sample 1

Examples of SME Loans in a sentence

  • Maximum Level Current LevelPtfReview Required (YES/NO)(a) a half calendar year has passed since (i) the previous Portfolio Review Event occurred, or (ii) if no Portfolio Review Event has occurred, the Programme Closing Date; or(b) the Outstanding Principal Amount of all SME Loans on any date has increased by 10 per cent.

  • If the Issuer holds the legal title to relevant Irish SME Loans and no credit servicer is appointed to such loans, it will need to either to appoint a credit servicer, seek the Irish Authorisation itself or sell the loan.

  • SINGAPORE: Extension of ‘Circuit Breaker’ Measures, More Affordable SME Loans, R&D UpdatesApril 22, 2020Recent updates from Singapore amid the COVID-19 pandemic include elevated restrictions on which businesses are considered essential, a new facility for more affordable loans for small andmedium-size enterprises, and new research and development work.

  • Eligible Asset Class means (i) Auto Dealer Floorplan Loans; (ii) Auto Loans and Auto Leases; (iii) Consumer Loans; (iv) Credit Card Receivables; (v) Non-Auto Leases; (vi) Residential Mortgage Loans; and (vii) SME Loans.

  • Therefore, while the impact of a change in obligor status in this way is not clear under Irish law, there is a risk that loans may become relevant Irish SME Loans, depending on the commercial performance of the obligor and the identity of the original lender(s) in the loans.

  • Given the anticipated cost of compliance and the legal implications of non-compliance with the Credit Servicing Act, the attractiveness of acquiring relevant Irish SME Loans has been reduced (and to a lesser extent, loans to non-Irish SME obligors).

  • Domestic Market Guidelines: those domestic securitisation market guidelines which aim to promote best market practice, as selected and published by the PCS Secretariat.Eligible Asset Class: (i) Auto Dealer Floorplan Loans; (ii) Auto Loans and Auto Leases; (iii) Auto Fleet Leases; (iv) Consumer Loans; (v) Credit Card Receivables; (vi) Non-Auto Leases; (vii) Residential Mortgage Loans; (viii) Corporate Loans and (ix) SME Loans.

  • Further, the Issuer's return on capital in respect of the relevant Irish SME Loans where it holds such loans in breach of the Credit Servicing Act may be reduced by the consequent difficulties in enforcing or selling such assets.

  • Corporate Loan: a loan, including an SME Loan, where the borrower is not a natural person AND (except for SME Loans) does not belong to any other Eligible Asset Class.

  • The Company is in the business of lending and has a diversified lending portfolio consisting of Gold Loans, Loan against Property, Home Loans, SME Loans and Wholesale Finance.


More Definitions of SME Loans

SME Loans means the loans of the type provided to SMEs by Party B and its subsidiaries.
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Related to SME Loans

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.