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    Reference: 20190268
    Release date: 16 September 2019

    Promoter – Financial Intermediary

    SANTANDER CONSUMER FINANCE SA

    Location

    Description

    The project consists of a dedicated loan to a well-known counterpart to benefit small and medium sized enterprises (SMEs) and Midcaps (up to 3,000 employees) mainly based in Spain.

    Objectives

    The aim is to enhance access to finance to SMEs and Midcaps through loans and leases. At least 70% of the total EIB loan amount will be used for SMEs, while up to 30% could be used to finance small and medium-sized investment projects carried out by Midcaps in eligible sectors. The loan will include the obligation of the intermediary to finance SMEs for at least twice the amount of the EIB loan. It is foreseen that about 40% of the funds will be extended in cohesion regions in Spain (twice the usual percentage in Spain, due to SCF's large presence in Andalusia and Murcia).

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 99 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 - 14/10/2019

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Spain Credit lines