MDB supports investment of €29.3m in 96 projects of local SMEs
SMEs across a number of different economic sectors have undertaken new investment in 96 projects worth more than €29m, with the support of the Malta Development Bank’s Loan Guarantee Scheme for SMEs. This investment is intermediated through Bank of Valletta, implementing partner of the SME Invest scheme.
These figures, covering the period since the launch of the scheme in May 2019, reflect the proactive approach of local businesses, which took it upon themselves to delve into new projects in the midst of the challenging scenario posed by the coronavirus pandemic.
The average sanctioned loan size under this financial product stood at around €305,000. The sanctioned projects include development of childcare centres, the refurbishment of retail outlets, including hotels and upgrading of the tourist product, renovation of factories and investment in healthrelated projects. Through the SME Invest scheme, the MDB targets those businesses planning new capital investment projects by providing easier access to finance through reduced collateral requirements and finance costs. Enterprises may seek bank financing up to a maximum of €750,000, at attractive interest rates and reduced collateral obligations due to the 80% guarantee provided by the MDB under the scheme.
This enables enhanced access to investment financing, as these loans are both affordable and accessible, even for those SMEs that may have limited assets that can be collateralised.
Commenting on this strong take-up, the bank’s chairman, Prof. Josef Bonnici said: “It is truly encouraging for the bank to be able to support businesses in not only surviving through
the current situation but actually to
international sales partners through distribution and manufacturing agreements. POD Reference BOLV20201208001
A Latvian company that produces educational wooden toys, playhouses and children`s furniture is looking for commercial agreements worldwide. The company produces a wide range of original and innovative products for children made from the high quality Baltic birch plywood. The company is looking for international sales partners under the frame of distribution services or commercial agency agreements and manufacturing agreements.
Suppliers of automotive parts wanted for distribution network POD Reference BRDE20201110001
With the aim to start and set up a distribution network for automotive parts, a German distributor of automotive parts is looking for partners who are supplying parts für cars, utility vehicles, trucks and buses as well as for industrial and agricultural vehicles. The German company offers the distribution of these products in Europe. Cooperation would be based on supply agreements.
A Lithuanian wholesaler specialized in cosmetics, perfumes, toiletries, skin and hair care and similar products, is looking for new suppliers (manufacturers, distributors, retailers, agents) for well-known brands POD Reference BRLT20190626001
The Lithuanian wholesaler, specializing in sales of professional hair care, cosmetics, skin care, perfumes, toiletries, fastmoving grow and innovate their product and service offering.
The MDB is mindful that smalland medium-sized enterprises are more susceptible to different kind of risks and have been more adversely impacted by the pandemic. Since its inception, the MDB has prioritised support to SMEs and will continue to do so in the upcoming recovery phase.”
For more information visit www.mdb.org
consumer goods, mass-market products, is looking for new suppliers for well-known brands (manufacturers, distributors, retailers, agents) who act in the same business field. The company is offering to work under a distribution services agreement.
A UK commercial agent for agro food, animal feed, fertilisers and solar energy equipment seeks new suppliers POD Reference BRUK20190812002
A UK commercial agent with over 25 years specialising in the trade of food products, vegetable oils, fertilisers, animal feed and solar energy products offers its services to foreign partners who are seeking representation to enter into new markets, under a commercial agency agreement. The UK company offers consulting, marketing and sales support to companies seeking to enter into new markets under an exclusivity agreement. The UK company has links in more than 20 countries worldwide.
UK company seeks producers of innovative gifts and accessories for distribution POD Reference BRUK20200211001
A UK South West company specialising in innovative, quirky, problem solving, lifestyle and homeware accessories and gifts, with extensive experience in retail sales and connections to high end department stores, multiple mail order, online and high street gifting and homeware retailers seeks new products from international producers to act under distribution or commercial agency agreements.