PMV Corporate Loans

PMV Corporate Loans

Funds PMV Corporate Loans for established Flemish businesses needing senior or mezzanine debt with flexible structures for expansion.

PMV (Participatiemaatschappij Vlaanderen) is the Flemish government's public investment company, and its Corporate Loans program provides tailor-made senior and mezzanine debt financing to established SMEs and large enterprises with an operational presence in the Flemish Region of Belgium. Senior corporate loans are structured as non-subordinated instruments, ranked pari-passu with bank financing, and subject to a maximum debt ratio of 3.5x EBITDA. Mezzanine financing ranks after senior debt but ahead of equity, strengthening a company's balance sheet without diluting existing shareholders. The program also supports acquisition financing, including management buyouts (MBO) and management buy-ins (MBI).

Loan sizes range from €700,000 to €20,000,000, positioning this instrument for mid-market Flemish companies that have outgrown startup financing tools but require flexible capital structure support. Both SMEs and large enterprises are eligible provided they have operational presence in Flanders; the instrument is sector-agnostic. For-profit entities are required; nonprofits are not eligible. There is no maximum company age restriction — the program targets established businesses with demonstrated cash flow rather than early-stage ventures.

PMV acts as a co-lender alongside commercial banks, typically taking the mezzanine tranche to reduce bank risk and unlock larger total financing packages. Applications are handled directly through PMV with a negotiation of terms tailored to the borrower's capital needs and risk profile. Flemish companies pursuing growth, acquisition, or refinancing transactions in the €700k–€20M range — particularly those unable to secure the full amount from commercial lenders alone — are the intended beneficiaries of this instrument.