Business

Hundreds of millions for SME entrepreneurs with sustainability plans

Photo: ANP

The European Investment Bank (EIB) and financial services provider DLL have made 370 million euros in additional financing available for entrepreneurs in the Benelux. SMEs can borrow money to realize plans in the field of sustainability or the circular economy. In a circular economy there is no waste and raw materials are reused.

The loans are subject to more favorable conditions than usual. “Thanks to the financing of the European Investment Bank, we and our partners can provide our joint customers with suitable leasing solutions, with an interest benefit that lowers the barrier to invest in used, refurbished machines,” says Catherine Meyers, Benelux manager at DLL.

Half of the 370 million euros will come from the EIB and the other half from DLL. The EIB is the European Union’s credit institution for long-term loans. The bank’s shares are held by the Member States. The organization supports companies throughout Europe.

DLL, formerly De Lage Landen, is an international provider of financing solutions with a portfolio of more than EUR 35 billion. The company’s head office, which is part of Rabobank, is located in Eindhoven.



Hundreds of millions for SME entrepreneurs with sustainability plans
Source link Hundreds of millions for SME entrepreneurs with sustainability plans

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