Brussels, 21/09/2009 (Agence Europe) - The European Investment Bank (EIB) has just approved a €150 million loan to Caja Navarra (CAN) designed to create a new credit line for financing small businesses. Under the agreement, CAN will match the EIB loan with a further €150 million, meaning that €300 million will be pumped into the SME sector.
The EIB loan is designed to finance SME investment projects mainly in the industrial and service sectors, but also intangibles such as the...