The EIB is a needed source of finance for small businesses, and also for large businesses that have a business model that doesn't fit the criteria of commercial banks. One thing most people don't realize, is that companies have to exhaust all commercial options before the EIB will get involved.
The GOP rants against the EIB are ludicrous, as are the assertions that it's some kind of corporate welfare from some on the left. The EIB is one of the only parts of the federal government that has not only covered the costs of its existence, but is revenue positive - which if it wasn't part of the government would be called a profit. And, as I said before in other words, the EIB is not taking any money out of the private sector banking system, because they only get involved when all other commercial options fail to provide the needed financing.
Together with US State Department programs to assist US companies with import requirements in foreign countries, the EIB has created jobs, stimulated local US economies and helped to build this country in an every growing global economy.
As a fiscal conservative, the EIB makes more than just fiscal sense, it is good sound government to stimulate job growth and the economy.