The EIB is pleased that it has been able to provide a total of EUR 500 million (400 for normal investments and 100 for impact investments) through Rabobank and DLL as an encouragement to Dutch entrepreneurs to make further investments. The Dutch Vice President of the EIB, Pim van Ballekom, says: ‘The European Investment Bank also supports SMEs and in recent weeks we have made half a billion euros available to small and medium-sized enterprises in the Netherlands. The bank provides this credit through local partner banks and we want to give a signal that Europe supports business owners.’ The EIB is the world’s largest multilateral lender and its shareholders are the 28 European member states.
The interest-rate discount is available to businesses with less than 3,000 employees. The facility is therefore available to both small and medium-sized companies, or SMEs. The total investment may not exceed EUR 25 million.
2,350 entrepreneurs have benefited
In the past seven years (2009-2016), Rabobank has been able to provide loans to more than 1,850 SME and midcap entrepreneurs at attractive rates thanks to similar funding from the EIB. These business owners collectively provide at least 31,000 jobs in the Netherlands. Since the start of the cooperation (in 2014) DLL has financed around 500 entrepreneurs with an EIB facility, who collectively provide more than 32,000 jobs. On average, the loans amount to approximately EUR 800,000. While initially it was mainly the agricultural sector and food retailers that participated, now entrepreneurs from other sectors are increasingly making use of the facility.
For further information on this loan with an interest-rate discount, go to:
For further information on leases with an interest-rate discount, go to:
For further information on the EIB: http://www.eib.europa.eu/projects/priorities/sme/index.htm