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CapitalBox offers collateral lending to support European SMEs

By Gloria Methri

February 16, 2024

  • business loans
  • Capitalbox
  • Europe
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CapitalBox, SME Financing, Collateral Lending, SME Financing, Business Loans, Working Capital Loans, FinTech, Sweden, EuropeCapitalBox, the FinTech lender for small and medium-sized enterprises in Europe, has launched its new comprehensive collateral lending program. These secured installment loans are designed to meet the needs of traditionally underserved European SMEs. The launch represents a major expansion in CapitalBox’s lending offerings.

The 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 enable businesses to make large-scale purchases such as machinery and other assets required for entering new markets, developing new products, and meeting customer demand.

This new lending product combines CapitalBox’s existing installment loan product with an additional real collateral security 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 have 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 have 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, “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.”

As CapitalBox already accepts personal guarantees as collateral, the focus of this loan product is its newly expanded acceptance of real collateral, most commonly in the form of industrial property, business premises, corporate mortgage and transportation, and investment assets. CapitalBox’s collateral loans are competitive and flexible enough to cater to the specific needs of SMEs throughout Europe.

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