The European Investment Bank (EIB) signed an agreement with DLL establishing more support for Dutch and Belgian SME and mid-cap companies from DLL’s Life Cycle Asset Management Program. The credit facility includes EUR 100 million and enables Dutch and Belgian companies committed to sustainable and circular business to benefit from a lower interest rate.
Through this facility from the EIB approximately 200 businesses will be able to benefit from a decreased interest rate. The total sum of the loan will be split between Belgium and The Netherlands depending on the incoming requests.
Jeroen van Beeck, Managing Director DLL Benelux adds: “SME and mid-cap companies in the Netherlands and Belgium increasingly want to transition to a circular business model. DLL sees both the societal and economic value of this business model and acknowledges the necessary investments that go with this. We are pleased that through this credit facility we can accommodate entrepreneurship and can facilitate innovative business.”
“Investing in the circular economy means changing people’s point of view on how the world uses its resources.” says EIB President Werner Hoyer. ”The Bank is already one of the largest financiers of climate action projects worldwide, and we expect initiatives like the circular economy to have a real impact in the long run.”
The interest discount is available for SME and mid-cap companies with less than 3.000 employees. Criteria have been defined with which a circular transaction must comply.
DLL is a global vendor finance company with more than EUR 30 billion in assets. Founded in 1969 and headquartered in Eindhoven, The Netherlands, DLL provides asset-based financial solutions in the Agriculture, Food, Healthcare, Clean Technology, Construction, Transportation, Industrial, Document Imaging and Technology industries. DLL partners with equipment manufacturers, dealers and distributors in more than 30 countries to support their distribution channels and help grow their businesses. DLL combines customer focus with deep industry knowledge to deliver sustainable solutions for the complete asset life cycle, including commercial finance, retail finance and used equipment finance. DLL is a wholly owned subsidiary of Rabobank Group. To learn more about DLL, visit www.dllgroup.com.