Lifetime has entered into an agreement with EKF, Denmark’s Export Credit Agency, that may enable the Danish pump firm to finance initiatives globally for patrons with restricted available funds.
Under the settlement, private business and public clients can receive financing on projects above E0.5 million for up to five years immediately via Grundfos. EKF will provide Grundfos with a credit guarantee covering 50% of the credit score exposure significantly reducing the risk in financing this sort of challenge.
Grundfos says that the settlement is the primary of its kind in the pump options industry.
“We are thrilled to associate with EKF, which is allowing us to supply this new financing opportunity to our prospects in want of monetary help to understand their ambitions within water,” said Grundfos chief monetary officer Mikael Geday. “The agreement accelerates the method of equipping clients and end-users with options that reduce CO2 emissions and offers access to clean water to vulnerable areas.”
EKF Denmark’s Export Credit Agency promotes Danish exports and internationalisation by providing aggressive funding and danger coverage.
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