The European Investment Fund has signed a guarantee agreement worth SEK 1 billion (around €94 million) under the EU’s COSME programme with Collector Bank to support its lending to SMEs in Sweden.
The agreement allows Collector Bank to offer loans to start-ups and small businesses at favorable terms.
The deal is backed by the European Fund for Strategic Investments, the heart of the Juncker Plan and the COSME Loan Guarantee programme.