SG EQUIPMENT FINANCE BENELUX COVID19 RESPONSE

Promoter – Financial Intermediary

SG EQUIPMENT FINANCE BENELUX BV

Location

• The Netherlands

Description

Loan for small and medium-sized enterprises (SMEs) and mid-caps covering SGEF Benelux activities in the Netherlands (as well as Luxembourg and Belgium to a smaller extent). This financing aims to support SMEs and mid-caps impacted by the COVID-19 crisis and the ongoing economic fallout.

Additionality and Impact

The project addresses the difficulties for private entities such as SMEs and Midcaps to access equipment financing. This market failure has been exacerbated by the Covid19 crisis. The financial intermediary is well established and has sufficient experience to implement EIB loan facilities and support SMEs and Midcaps in the targeted market. Most of the EIB financial benefit will translate into support for the targeted SMEs and Midcaps in the form of interest rate reductions on the sub-loans. By extending a lifeline to SMEs and Midcaps via a tested intermediary, the EIB can play a counter-cyclical role, and positively contribute to the recovery of not only the final beneficiaries but also the Dutch (as well as Belgian and Luxembourgish to a smaller extent, as these two markets are also covered by the Borrower) economy that has been impacted by the Covid19 crisis.

Objectives

Financing of small/medium projects carried out by SMEs and mid-caps

Sector(s)

• Credit lines - Credit lines

Proposed EIB finance (Approximate amount)

EUR 60 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 - 30/09/2021