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Dedicated loan for financing small and medium-sized projects carried out primarily by small and medium-sized enterprises (SMEs) and mid-cap companies in Spain. Ibercaja is expected to use all or part of this EIB loan for 50% funding of a portfolio of SME loans which may receive a 50% guarantee from combined EIB/EIF and Structural Funds resources under the SME Initiative (SMEI).
This intermediated loan will improve competitiveness and access to finance at favourable conditions for SMEs and mid-caps.
The Bank will require that projects financed under this operation comply with domestic and EU applicable legislation, as appropriate.
The Bank will require that projects financed under this operation comply with domestic and EU applicable legislation, where applicable.