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FINANCIAL NEWS
Lebanon SAL Company to borrow USD 7mn loan
16 Feb 2016
(MENAFN) International Finance Corporation offered a USD 7mn loan to the Lebanese Leasing Co. SAL, to support Lebanon’s largest leasing firm to boost the adoption of energy-efficient tech.
Furthermore, the loan involves USD 3.5mn from IFC’s own account and another USD 3.5mn from the IFC-Canada Climate Change Program.
Additionally, the loan will help LLC increase its SEF lending program and channel funding to high-impact renewable energy and energy efficiency leasing projects.
“The investment from IFC and Canada will help us increase our support to small businesses seeking to invest in clean energy,” said Chairman of LLC.
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