Accelerating business with Banif and the European Investment Fund

Following the recent news of Banif Bank’s agreement with the European Investment Fund, we caught up with Head of Business Strategy at Banif, to learn all about Banif Business Accelerate and what it means for Small to Medium Enterprises (SMEs).

what really stands out is that the amount of collateral needed much lower than that which is normally requested. This means that SMEs can inject new capital into their business with no or minimal security depending on the risk profile of the client. in one of the following sectors among others: tourism related activities; wholesale and retail services; manufacturing; ICT products and services; arts, entertainment and recreation; and research, development and innovation activities.

Ok so we know who can use it. Now, what exactly can the funds be used for?

The possibilities are endless. SMEs can make use of the funds obtained through Banif Business Accelerate to upgrade their equipment, ICT or even their premises. They can be used to fund a new research-based project, to develop a new product or service or to penetrate a new market. This product makes it possible for entrepreneurs to realise their vision, whatever it may be. and a free Visa Debit Card.

Banking with Banif means that SMEs will have a trusted partner in business banking. Our Retail and Corporate teams boast a wealth of professional experience and industry knowledge. Furthermore, our customer-centric model means that every cog in the bank’s structure is geared to offer the best possible service to our esteemed clients in terms of efficiency, helpfulness and professionalism.

For more information, visit www.banif.com.mt or call Customer Care on 2260 1000.