EIB and Credito Agricola unveil €200m SME financing in Portugal
The EIB is granting a €100 million loan to Credito Agricola aimed at facilitating access to credit for small- and medium-sized enterprises and mid-caps mainly located in Portugal. Credito Agricola will match the EIB loan with a further €100 million.
In addition to SMEs, public sector entities, such as municipalities, and other private sector entities are also eligible for financing, including investments in health, education, energy and facilities needed to provide a service to the public.
Credito Agricola will transfer the EIB funding advantages to the final beneficiaries in terms of both maturity and interest rates. Under this agreement, the EIB will finance up to 100% of the total project cost for SMEs and mid-caps (with a maximum of €12.5 million per project) and up to 50% for other types of projects.
