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Economy
6 September 2023

InvestEU: Banque Populaire and Fdration Nationale des SOCAMA sign new 1 billion loan agreement with EIF to benefit 30 000 French micro-enterprises

Source: eif.org

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Banque Populaire, Fédération Nationale des SOCAMA and the EIF signed a new €1 billion loan counter-guarantee agreement yesterday under the SME Competitiveness InvestEU programme. Over 20 years, the partnership with the EIF has enabled Banque Populaire and SOCAMA to provide €9 billion in loans to 250 000 entrepreneurs. The signature of a new €1 billion finance contract with the European Investment Fund (EIF) means that Banque Populaire and SOCAMA can continue to grant loans to their entreprene...

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