Pavlova: Access to finance remains one of the biggest problems for small and medium enterprises

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The payment of the first tranche of the funds of the new credit line of the European Investment Bank (EIB) is expected in the coming weeks. The funds will be intended for small and medium enterprises under favorable conditions, with low interest rates and extended maturities, EIB Vice President Liljana Pavlova said in an interview with MIA.

In an interview to be published on Sunday, Pavlova said that access to finance remains one of the biggest problems for small and medium enterprises.

“Access to finance remains one of the biggest problems among SMEs, as they see high interest rates as the biggest hurdle when applying for a loan, as seen in our latest Business Survey. Therefore, the new EIB financing in the total amount of 100 million euros will be available under very favorable and flexible conditions, with low interest rates and extended maturities, to cover a wide range of companies from various industries that are hardest hit,” said Pavlova.

 

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