SMEG definition
Examples of SMEG in a sentence
For SMEG in total 256 beneficiaries were interviewed of which 206 receiving support under the loan window and 50 under the micro credit window.
The customer acknowledges that this re-stocking fee represents the costs incurred by SMEG in accepting and re- stocking the returned product/s.
The survey of beneficiaries concentrated on the first 2 windows of the SMEG.
An agreement is made between SMEG and the customer for the purchase of the product/s as specified in an order (“agreement”) if and when SMEG issue an order confirmation to the customer in respect of that order.
The two instruments are underpinned by a strong market failure rationale and aim to address the financial constraints faced by start-up and growing SMEs. The EIP financial instruments are not directly granted to SMEs. They are implemented on behalf of the Commission by the European Investment Fund (EIF) via selected financial intermediaries (venture capital funds and business angels in the case of GIF and guarantee institutions and promotional and commercial banks in the case of SMEG).
SMEG may at its sole discretion elect to deliver the product/s to a location beyond those selected regions.
Small businesses contact the selected financial intermediaries directly, in order to gain access to investment capital or benefit from the guarantees provided by the SMEG.
If the customer purports to do so, the customer will be deemed to hold the proceeds of sale or other realisation (or the amount equal to the outstanding) on trust for SMEG.
SMEG will not impose the re- stocking fee where the customer is not at fault (including where the SMEG Chartered Agent submits an incorrect order).
Initially, the details of some 4,000 SMEG beneficiaries were obtained in order to be certain of 250 full responses.