SID bank eases access to commercial bank's financing for SMEs through Fund of funds portfolio guarantees
Small and medium enterprises can from now on receive loans with SID bank’s guarantee in total amount of EUR 100 million directly at participating commercial banks-Nova Ljubljanska banka, Delavska hranilnica and Primorska hranilnica Vipava. This way SMEs are able to receive favorable terms of financing with lower necessary credit insurance.
Participating banks will be able to take advantage of SID bank’s guarantees when crediting investments and operational costs of sole proprietorships, micro, small and medium enterprises. Final beneficiaries will be able to receive loans amounting from EUR 30 thousand to EUR 10 million with partial 62.5 % risk of loss coverage.
Within the Fund of Funds, SID Bank is expanding access to financing for developmentally important projects for small and medium-sized enterprises with a new financial instrument, portfolio guarantees...