Financial support for Spanish forwarders
The European Investment Bank (EIB) has granted Santander Consumer Finance a EUR 75 million loan for providing Spanish SMEs with credit on favourable terms.
Santander will match the loan with the same amount, meaning that a total of EUR 150 million will be made available for financing commercial vehicles for small and medium-sized enterprises.
The loan is the second of this kind. The first, signed in 2015, enabled the provision of EUR 200 million in support of over 1,400 firms, 95% of which were small businesses operating in the transport, logistics, trade and engineering sectors. (ben)