The scheme, which is available to Italian businesses with less than 5,000 employees and EUR 1.5 billion turnover, provides government guarantees to cover up to 90% of the loan value.
Ebury’s participation follows the company’s announcement of the initiative to offer financing to SMEs in the UK and Europe amidst the coronavirus crisis. An initial GBP 40 million lending facility to help SMEs manage their working capital during the coronavirus crisis has already been launched. Earlier this month, Ebury was approved by the Dutch and Spanish governments’ coronavirus business aid schemes. It is also currently going through the approval process in the UK and other countries.
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