Release date: 29 June 2020
Promoter – Financial Intermediary
IBERCAJA BANCO SALocation
Description
The project consists of a multi-beneficiary intermediated loan (MBIL) to finance investments carried out by self-employed people, small and medium sized enterprises (SMEs) and midcaps active in the agri-food sector. This MBIL is a sub-operation under Programme Loan AGRIFOOD PROGRAMME LOAN SMES & MIDCAPS SPAIN (2019-0363).
Objectives
The aim is to improve competitiveness and access to finance at favourable conditions for SMEs and Mid-caps active in the agro-food sector.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 25 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 - 25/06/2020
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).