Small and medium-sized enterprises (SMEs) in Israel will get easier access to risk capital thanks to a new EU-backed loan guarantee facility under the Horizon 2020 programme. A deal signed today by European Investment Fund (EIF) with Bank Leumi will allow the bank to enter into new loan agreements with SMEs as well as Small Mid-caps for a total of USD 100 million (about €93 million) over the next two years.
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