UNICAJA Banco has signed agreements to invest up to €25,000 in local businesses across Axarquia and Malaga.
The agreements cover five associations in the province, Benalmádena, Fuengirola, Nerja, Torremolinos and Vélez-Málaga and will affect nearly 1,700 staff.
The loans are designed to help small businesses and autonomous entrepreneurs whilst simultaneously encouraging self employment through the granting of such loans.
The investments have been issued with “advantageous terms” explained a statement from Unicaja.
The five businesses are all part of the Confederation of Entrepreneurs of Malaga (CEM) and have been issued thanks to an agreement signed back in June between Unicaja Banco and the employer’s association of Malaga.
“The agreement comes to strengthen the relationship that has existed for years, aimed at achieving the common objectives of favouring the business fabric, facilitating economic momentum and supporting the employment of Malaga and its province,” continued the statement.
“The company in general and the SME in particular, continue to be one of the key groups in the financing policy of Unicaja Banco.”