Factotal snares IDB Invest-led loan

Factotal snares IDB Invest-led loan

International Financial Institutions IDB Invest Inter-American Development Bank (IDB) Loans Corporate & Sovereign Strategy Latin America Andean South America Chile Panama United States

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

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