Grenkeleasing and NRW Bank – the development bank for Germany’s
richest state of North Rhine-Westphalia – have signed an agreement
to support local SME-sized businesses.
This is a “first” for the German market, where
leasing and public funding go hand in hand, the two companies have
said.
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The agreement allows preferential financing to
firms which intend to lease IT and office equipment with
Grenkeleasing.
Eligibility criteria include that firms are
based in North Rhine-Westphalia and have an annual turnover of
up to €500 million.
The contracts that can be financed can have
any duration between 1 and 7 years. The scheme runs until the end
of August.
Antonio Fabrizio
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