Collector Bank to lend SEK 1 billion to Swedish SMEs with EU support
JOINT PRESS RELEASE · Collector Bank to receive 50% guarantee on a new lending portfolio of up to SEK 1 billion. · Increased access to finance for Swedish SMEs (including start-ups) on more favourable terms. · Project supported by EU budget under the Investment Plan for Europe, or Juncker Plan and the COSME Loan Guarantee programme.The European Investment Fund (EIF) has signed the first COSME guarantee agreement in Sweden, with Collector Bank. The deal falls under the “COSMELoan Guarantee Facility”, which is backed by the European Fund for Strategic Investments (EFSI), heart of