Baltic microenterprises to get €15 million financing boost under EIF-backed initiative by alternative lender Capitalia

The smallest companies in the Baltics will be eligible for up to €15 million in loans as a result of an initiative that alternative financing provider Capitalia is undertaking with support from the European Investment Fund (EIF). Capitalia will use an EIF guarantee to offer crowdfunded loans to microenterprises in Estonia, Latvia and Lithuania over three years.

Microenterprises, which have fewer than ten employees and annual turnover or total assets below €2 million, often struggle to secure funding from traditional lenders because of limited collateral or credit history.

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Originally published on 30 Mar

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