KfW Group and GRENKE sign global loan agreement for EUR 100 million to promote SMEs
KfW Group and GRENKE AG have signed a global loan agreement for lease finance with a volume of EUR 100 million at KfW's offices in Frankfurt am Main. This allows SMEs, the self-employed and start-ups throughout Germany to benefit from the attractive leasing conditions being offered by GRENKE AG and KfW for new acquisitions.
Wolfgang Grenke, CEO of GRENKE AG: “Working with SMEs is in our DNA. We have offered attractive financing in this segment since 2010 using promotional vouchers, and have concluded around 21,000 lease agreements. We are very happy to now be able to offer this expertise to SMEs throughout Germany.”
Dr Ingrid Hengster, member of KfW's Executive Board: “The global loan to GRENKE will allow more than 10,000 SMEs throughout Germany to benefit from KfW funding for their commercial lease finance arrangements. In addition to traditional bank loans, business owners can now also choose between credit financing and leasing for smaller investments too – and all at KfW's favourable interest rates.”