The glossary to understand and take action

Société Nationale de Crédit et d’Investissement (SNCI)

The SNCI is a Luxembourg public banking institution that facilitates business financing, particularly for SMEs. Its instruments are subject to specific conditions and form part of a financing project.

Administration ou organisme professionnel · Luxembourg Fiduciaries Editorial Team · Reviewed on

Understand the scope

Its role for your business

SNCI financing should not be treated as a non-repayable grant. The nature of the instrument, the terms of intervention and any potential partners must be considered.

In your file

When to contact them and what to prepare

Prepare a quantified project: investment, available resources, timetable and repayment capacity. The commercial assumptions must remain explainable. Compare the various forms of financing by taking account of cost, duration and commitments, then verify the procedure specific to the envisaged product.

A scenario to help you understand

Educational example

An SME is preparing a productive investment and considers how an SNCI instrument may complement the company's resources and its bank financing.

Fictitious situation, presented to illustrate the concept.

Prepare for what comes next

Points to check

  • Décrire le besoin financé
  • Justifier la capacité de remboursement
  • Lire les conditions de l’instrument

Connecting concepts

Terms to know as well

Continue with the concepts, contacts and procedures related to this topic.

Financial forecastThe financial forecast translates the project's assumptions into expected results, cash flows and financing needs.Share capitalShare capital is an amount set out in the articles of association based on contributions recognised as capital, then amended in accordance with the applicable procedures.Business planThe business plan presents the project, its market, its organisation and its financial forecasts.EquityEquity consists of accounting resources including, in particular, capital, reserves and results according to the applicable format.Working capital requirement (WCR)The working capital requirement (WCR) measures the financing absorbed by the operating cycle, notably inventory and receivables, less operating liabilities.Capital dilutionDilution refers to the decrease in a shareholder's relative interest when a capital transaction changes the allocation of securities.

Put it into practice

Explore further with our guides

Practical guideFinancing a startup in Luxembourg: comparing the resources available

Sources and verification

References consulted on 20 September 2026. Official procedures specify the applicable conditions and exceptions.

This guide explains a general process. The applicable rules depend on your situation; it does not constitute personalised advice. Report a correction.

A definition gives you a reference point. To examine your situation, clarify your question with a professional.