Vilnius-based SME lender Finbee Verslui has secured an additional €20 million from Pollen Street Capital, increasing its senior secured credit facility to €55 million. This expansion allows the company to increase its maximum loan size from €250,000 to €800,000, thereby enhancing its capacity to meet the needs of small and medium-sized enterprises in Lithuania.
Finbee's partnership with Pollen Street, which began in July 2024, aims to address the financing needs of SMEs in the face of tightening bank lending conditions. Since its 2017 inception, Finbee has funded over €180 million in loans to more than 4,000 businesses. The increased credit facility will support the company's efforts to provide quicker access to working capital.
This enhanced facility positions Finbee to better serve a growing number of entrepreneurs seeking financing for expansion, directly responding to the increasing demand for larger loans.