Garanti BBVA Leasing, EUR 7 million for micro and small enterprises

Garanti BBVA Leasing is expanding financing opportunities for micro and small enterprises (MSEs) in Romania, by signing a loan agreement of EUR 7 million with the European Fund for Southeast Europe (EFSE).

The investment aims to boost the ability of this vital business segment to preserve their operations as well as sustain and generate employment and income in light of the COVID-19 crisis.

The new funding will be used to expand the institution’s leasing offer for local small businesses, a segment that has been severely negatively impacted by the economic effects of the coronavirus pandemic.

Leasing provides an important source of long-term financing to smaller businesses which may not have the extensive collateral necessary for bank loans.

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