IDB Invest supports more SME loans

IDB Invest supports more SME loans

Loans Chile Ecuador

IDB Invest said it has arranged $53m in financing to support loans to small businesses in Chile and Ecuador. The multilateral lender led a $23m loan for Tanner Financial Services to provide factoring services for small and medium-sized enterprises (SMEs) in Chile. Four international investors that had not previously worked with Tanner also participated in the new 4.5-year loan, IDB Invest said in a press release. IDB Invest supplied a $30m loan to Tanner in July 2018. IDB Invest also said it has

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