Assisting SMEs bringing their projects to fruition

Bank of Valletta announced the launch of the latest tranche of the BOV JAIME Financing Package as it continues to recognise the importance of SMEs to the local economy 

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Bank of Valletta announced the launch of the latest tranche of the BOV JAIME Financing Package as it continues to recognise the importance of SMEs to the local economy whilst assisting businesses to surmount the challenges posed by the COVID-19 pandemic.

“SMEs have undergone big changes in a dynamic economic scenario particularly during the challenging times of the pandemic” said Albert Frendo, Chief Business Banking Officer at Bank of Valletta. The BOV JAIME Financing Package is now being upgraded with several added value features that can help local businesses take the needed strategic leap. “With this product upgrade we are creating an opportunity for SMEs to bring new investment projects to fruition.”

The BOV JAIME Financing Package is a financing tool that can assist SMEs in obtaining capital investment and working capital with reduced collateral obligations and several benefits such as a maximum lending amount of €500,000, a maximum term of 12 years and an interest rate of 3%.

This financing solution can help your business to improve the performance of your operations through capital investment and working capital, to invest in R&D&I which will contribute to the launch of new products and services and to tap into new export markets by expanding your local-based operations.

The BOV JAIME Financing Package is supported by the Maltese Government via the European Investment Bank (EIB) and is available to SMEs operating in diverse sectors of the local economy.

“At Bank of Valletta we firmly believe that SMEs are the heart of our economy showcasing a major source of entrepreneurial skills, innovation and employment. With the right tailor-made financing solutions, these entities have the capability to not only survive these unprecedented challenges but to also grow and expand their horizons in the post-COVID economy” concluded Mr Frendo.

For more information on the BOV JAIME Financing Package customers can contact the BOV SME Finance Unit by calling on 2275 7607, by sending an email on [email protected] or by visiting their preferred BOV Branch / Business Centre. More details on the BOV JAIME Financing Package are available on https://www.bov.com/content/bov-jaime-financing-package-page.

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