SNCI is a public-law banking institution with legal personality whose capital is fully owned by the State of Luxemburg. It is specialized in medium and long term financing of Luxembourg-based companies. It offers mainly financing instruments for investments in fixed assets and innovations. SNCI also grants start-up/business transfer loans to newly incorporated or inherited SME’s. It may also finance investments of Luxembourg companies abroad. SNCI may take equity positions, either directly or through its subsidiary CD-PME S.A., or by affiliated financing companies.