More flexibility for cash flow. More support for investment.
Raiffeisen Bank Romania and the Investment and Development Bank (BID) have expanded their SME-financing partnership, according to an announcement reported on 28 October. The update introduces revolving working-capital loans and guarantees covering up to 80% of investment loans for certain eligible businesses. Economica.net
The important detail: 80% coverage is not available to every company. Standard guarantees reach up to 60% for working capital and 70% for investment loans, with enhanced coverage available to qualifying groups, including start-ups, women-owned or women-led companies, and innovative businesses. Investment financing can support equipment, digitalisation, automation and production upgrades.
Will better access to financing help Romanian entrepreneurs turn expansion plans into actual investment?
#Romania #SMEFinance #Banking #Entrepreneurship
Raiffeisen Bank Romania and the Investment and Development Bank (BID) have expanded their SME-financing partnership, according to an announcement reported on 28 October. The update introduces revolving working-capital loans and guarantees covering up to 80% of investment loans for certain eligible businesses. Economica.net
The important detail: 80% coverage is not available to every company. Standard guarantees reach up to 60% for working capital and 70% for investment loans, with enhanced coverage available to qualifying groups, including start-ups, women-owned or women-led companies, and innovative businesses. Investment financing can support equipment, digitalisation, automation and production upgrades.
Will better access to financing help Romanian entrepreneurs turn expansion plans into actual investment?
#Romania #SMEFinance #Banking #Entrepreneurship