Posts Tagged ‘SME’

NIB has signed a loan agreement of EUR 50 million with JSC Development Finance Institution ALTUM to support SMEs across Latvia. The funding will be used for a wide range of SME investments, including equipment purchases (such as agricultural machinery, production machinery, and equipment for service providers), property investments (including agricultural or production facilities), as well as working capital loans.

The programme primarily targets loans below EUR 1 million, with a dedicated portion for smaller loans (below EUR 250,000) aimed at SMEs in rural areas. Typical investments include equipment and heavy vehicles for forestry, agriculture, and manufacturing, as well as construction or renovation of facilities for smaller service providers.

Read full announcement (external link)

Originally published on 3 Mar