Small businesses are eyeing longer-term loans at fairer rates from funds provided to banks by development finance institutions to provide capital to fund the post-Covid-19 recovery plan.
Cooperative Bank #ticker:COOP last week announced a seven-year loan facility for small businesses with up to 250 workers, partnering with the European Investment Bank (EIB) that has provided 50 million euros (Sh6.3 billion) to help small businesses fund the acquisition of tangible business assets, working capital, development of distribution networks innovation and business research.
