Release date: 23 April 2019
Promoter – Financial Intermediary
FUNDING CIRCLE CE GMBHLocation
Description
The project consists of an operation to provide financing to small and medium-sized enterprises (SMEs) in Germany and the Netherlands via Funding Circle, a leading online Peer-to-Peer lending platform.
Objectives
This project will improve competitiveness and access to finance at favourable conditions for SMEs in Germany and the Netherlands.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 175 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 16/04/2019
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).