The European Investment Bank (EIB) has granted a EUR 100 million loan to DLL, a global vendor finance company and wholly owned subsidiary of Rabobank. Under the agreement, DLL will provide a further EUR 100 million, meaning that a total of EUR 200 million will ultimately be made available to Spain's SMEs and mid-caps. The agreement was signed in Madrid by EIB Vice-President Román Escolano and DLL’s General Manager for Spain and Portugal, Álvaro Zafra.
This EIB loan will serve to strengthen DLL's leasing operations designed to finance the investments of small and medium-sized businesses, especially in the farming, agri-food and construction sectors. The companies accessing this credit line will be able to receive a loan with competitive maturity and interest rate terms. The agreement provides for up to 100% coverage of the cost of projects worth a maximum of EUR 25 million, with loans of up to EUR 12.5 million.
