Sorainen has advised Orion Leasing on signing a EUR 52.8 million guarantee agreement with the European Investment Fund under the InvestEU program for financing Lithuanian companies.
According to Sorainen, the InvestEU program, launched by the European Commission with the European Investment Bank Group as the main implementing partner, seeks to boost crucial investments across Europe in support of the EU policy priorities, such as the European Green Deal and the digital transition.
"With the InvestEU guarantee, Orion Leasing will be able to offer financing with lower initial down payments than the standard and more attractive pricing conditions," Sorainen informed. "Funding will also be provided to microenterprises with difficulty accessing credit in the form of microloans from Orion 1, which works under the Orion Leasing brand."
"With a guarantee of EUR 52.8 million, we will be able to confidently finance micro, small and medium-sized enterprises that are perceived as high-risk, and lack sufficient financing options even when they may have strong potential," Orion Leasing CEO Laimonas Belickas commented. "For most of the products, the guarantee will be valid for financing not only in Lithuania but throughout the EU."
Orion Leasing is a Vilnius-headquartered company providing leasing services for businesses.
The Sorainen team included Partner Augustas Klezys and Associate Ieva Dagyte.