July 1, 2021 |
Chilean factoring and leasing company Factotal said it has signed a four-year syndicated loan for up to $22 million from IDB Invest and another bank to finance its business plans.
Washington DC-based IDB Invest, an affiliate of the Inter-American Development Bank (IDB), led the loan with a contribution from Banco Latinoamericano de Comercio Exterior (Bladex), a trade finance bank in Panama City, Factotal said in a securities filing late on Tuesday.
The loan, which will start paying back capital
Chilean factoring and leasing company to use $22 mln in credit to fund business with SMEs