CapitalBox launches SME-Focused Collateral Lending

These new competitive loans will provide small- and medium-sized enterprises with loans up to €1 million to help with major asset and equipment purchases
CapitalBoxFebruary 19, 20245 min

CapitalBox, the leading fintech lender for small- and medium-sized enterprises in Europe, announces the official launch of its brand-new comprehensive collateral lending program. These secured installment loans are designed to meet the needs of traditionally underserved European small- and medium-sized enterprises. The launch represents a significant expansion in CapitalBox’s lending offerings.

CapitalBox’s new collateral lending program provides secured installment loans that run from €100,000 to €1 million – cash infusion and capital that SMEs need to expand meaningfully, not just stay afloat. These types of loans are instrumental in businesses’ ability to make large-scale purchases such as machinery and other assets required for entering new markets, developing new products, and meeting increased customer demand.

This new lending product combines CapitalBox’s existing installment loan product – itself already popular with European small business owners – with an additional real collateral security in order to significantly lower the unrecoverable default risk. As a result, CapitalBox can now present even more competitive offers that will both lower APRs and provide greater loan amounts to high-grade SMEs.

Mantvydas Štareika, CEO of CapitalBox, said: “We’ve been working towards expanding into collateral lending for some time now, which is instrumental to our commitment to helping SMEs traditionally overlooked by conventional banks. We’ve made these loans as competitive and customisable as possible, which is exactly in line with our overarching mission to make lending as seamless as possible for the SMEs we serve. I predict this will bring more types of SMEs into the CapitalBox fold. We’re ready and waiting to make their lives easier and their businesses more successful.”

Jorma Jokela, CEO of Multitude said: “With the new secured loans from CapitalBox, we are supporting companies at a time when their access to debt capital is difficult due to the uncertain economic and political situation and they are suffering from the continuing high inflation and the economic environment. In addition, the expansion of our CapitalBox product range is an important step towards more growth and is part of our new strategy presented last year. This once again underlines our ambition to grow significantly across all business units of the Multitude Group in the coming years. At the same time, we are reducing the financial risk for our company by collateralizing the loans and can thus indirectly further increase the value for our shareholders.”

In order to acquire these loans, businesses will provide CapitalBox’s team with information about their collateral assets and their company’s financial position. Loans will then be dispersed following the successful verification of external valuation reports, a manual review conducted by CapitalBox’s internal credit committee, and confirmation by a verified external valuator, acting here as a secondary safety layer to assure the assumed collateral value is correct.

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