ABN AMRO and NEOS Business Finance join forces.
Starting today, entrepreneurs will be able to find the right combination of multi-layered financing even faster and more conveniently. ABN AMRO has joined forces with NEOS, which offers SMEs alternative financing for growth or other purposes, funded by professional investors. The agreement with NEOS makes ABN AMRO the first Dutch bank to bring entrepreneurs in the Netherlands directly into contact with a supplemental financier when multi-layered financing is the solution of choice. The entrepreneur no longer needs to search for a third party. Entrepreneurs applying for loans of at least EUR 1 million are eligible for this solution.
In today’s market, small and medium-sized businesses may find it challenging to identify suitable finance providers. The agreement between ABN AMRO and NEOS provides solutions for businesses that would benefit from receiving financing from multiple parties. Such businesses may include companies seeking growth finance, whilst enjoying healthy prospects even though their equity levels may be modest. Over the next few months, ABN AMRO may reach out to other parties with whom it can offer entrepreneurs multi-layered financing.
Ruut Meijer, Managing Director of ABN AMRO Commercial Clients: ‘We are proud of this new agreement. We noticed that SME entrepreneurs sometimes have difficulty finding a supplemental party on their own. In situations where a third party alongside ABN AMRO is desirable to meet a company’s entire financing need, we can now help them close the deal.’
Quirijn Haak, CEO of NEOS: ‘Professional investors continue to be keenly interested in financing SMEs, as they offer healthy returns and have a positive impact on society. We are delighted to now also serve ABN AMRO’s clients with our expertise and financing solutions.’