Sace guarantees €1m SME credit line for Gambini

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Sace and Credito Valtellinese (Creval) have agreed to provide a €1 million ($1.13 million) credit line to Gambini, a Tuscany-based SME specialised in the design, construction and installation of machinery for tissue paper manufacturing.

The deal falls under the umbrella of the “2i per I’Impresa” programme – a joint initiative by CDP, Sace and EIF  which aims to provide Italian SMEs with resources from the Juncker Plan to support internationalisation and innovation.

The loan – issued by Creval, guaranteed by Sace and counter-guaranteed by EIF – will enable Gambini to invest in R&D and patents to renew its machinery and improve the efficiency of its production processes, with an eye to expanding in foreign markets, particularly Europe, China and the US.