Government Development Agency Grants Loan to Factoring Company


The Chilean government's industry development agency Corfo has granted a US$1mn loan to local factoring company Profactoring to help the company boost lending to small- and mid-sized enterprises (SMEs), local daily La Segunda reported.

Profactoring has granted a total of US$150mn in factoring loans to SMEs since its creation in 1995.

Source: Business News Americas



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Posted on Nov 1, 2002
Region: Chile