SME Bank partners with kevin. to create one-stop-shop for online payments and revenue-based growth financing
SME Bank, the bank making life simpler for small- and medium-sized enterprises, has partnered with next-generation payment infrastructure provider kevin. to create an easy-access one-stop-shop for e-commerce business owners seeking a range of online payment capabilities for customers, with payments into a single business account, combined with collateral-free growth financing. Until today, merchants needed to … Continued
SME Bank has received an EIF guarantee up to EUR 100 million in new lending, opening up wider access to finance for SMEs
SME Bank has received an EIF guarantee up to EUR 100 million in new lending, opening up wider access to finance for SMEs In order to give small and medium-sized enterprises (SMEs) more opportunities to grow, the Lithuanian neobank SME Bank has signed a guarantee agreement with the European Investment Fund (EIF) regarding financing of Lithuanian SMEs. The guarantee agreement on a EUR 100 million portfolio will enable at least 500 SMEs in Lithuania to obtain better credit conditions and expand faster
Why does your business fail to get financing?
Having fifteen years of experience in the financial sector, I can name many reasons why small and medium enterprises receive a smaller amount of financing than expected or fail to receive any at all when contacting banks. Here are some of the insights that could tip the scales in favor of the business.
A new bank for business – SME Bank – begins its operations
The first digital Lithuanian capital business bank – SME Bank – begins its operations in Lithuania. Located in Vilnius, the institution will remotely service clients from all over Lithuania and, later, from anywhere globally. In the nearest plans –free money transfers and services tailored to businesses’ needs in cooperation with SME Finance.