Spain, Caja Navarra Signs Agreement with Generalitat de Cataluña to Finance SMEs

Caja Navarra has signed a cooperation agreement with Generalitat de Cataluña, through Instituto Catalán de Finanzas (ICF), to improve the access to finance for small and medium sized businesses.ICF will provide SMEs with investment and working capital loans amounting between €500.001 and €2m.Under the agreement, companies can obtain a guarantee on up to 3-year financing. The collateral will cover up to 50% for working capital and investment financing, 60% for accounts receiveble financing and 70% for accounts payable financing.

Early in March 2009, the Generalitat de Cataluña, in cooperation with some financial instritutions, launched a € 500m guarantee line targeted aimed to support local companies in solving their working capital problems in the current economic environment. 



Join the discussion