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Ebury approved to provide SME funding under Dutch Government’s Coronavirus business aid scheme

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20 April 2020

Written by
Matthew Hopper

E
bury is the first alternative finance company to be granted approval to provide SMEs with loans under the Dutch government’s Guarantee for SME Credit Guarantee Scheme*. The scheme, which is available to Dutch businesses with fewer than 250 employees, provides government guarantees for loans of up to €1.5m. The guarantees will cover 75% of the loan amount for up to €2bn of SME lending in The Netherlands.

Ebury’s participation follows on from the announcement of the initiative to offer financing to SMEs in the UK and Europe. An initial £40m lending facility to help SMEs manage their working capital during the coronavirus crisis has already been launched. The Dutch approval is the result of Ebury actively approach different government bodies around the world so it can support in the distribution of financial aid packages to help SMEs.

Ebury is also in the process of applying to the UK Government’s coronavirus Business Interruption Loan Scheme.

Juan Lobato, Ebury CEO:

“The race to provide funding to European SMEs is a critical part of many governments’ response to the coronavirus crisis as vital public health measures put thousands of companies futures at risk. We are delighted to be able to help the Dutch SME community and Government with funding during this effort.
Ebury was founded in the aftermath of the 2008 financial crisis and our flexible digital operations make us ideally placed to help governments distribute financial aid to small businesses throughout Europe.”

* For full details of the SME Credit Guarantee Scheme visit https://business.gov.nl/subsidy/bmkb/

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