We assisted Orion Leasing, a leasing company for businesses, in signing a guarantee agreement with the European Investment Fund under the new InvestEU Programme for EUR 52.8 million in new financing in the form of leasing contracts and microloans.
Financing with attractive pricing and lower down payments
With the InvestEU guarantee, Orion Leasing will be able to offer financing with lower initial down payments than the standard and more attractive pricing conditions. Funding will also be provided to microenterprises with difficulty accessing credit in the form of microloans from Orion 1, which works under the Orion Leasing brand.
Laimonas Belickas, CEO of Orion Leasing, comments: “With a guarantee of EUR 52.8 million, we will be able to confidently finance micro, small and medium-sized enterprises that are perceived as high-risk, and lack sufficient financing options even when they may have strong potential. For most of the products, the guarantee will be valid for financing not only in Lithuania, but throughout the European Union.”
The InvestEU programme, launched by the European Commission with the European Investment Bank Group as the main implementing partner, seeks to boost crucial investments across Europe in support of the European Union’s policy priorities, such as the European Green Deal and the digital transition.