Factotal S.A.

repaid

The Inter-American Investment Corporation (IIC) has approved a loan of up to US$10 million to Factotal S.A. This operation will provide support to the Chilean SME sector in the form of factoring transactions, financial leases, and operating leases.Factotal S.A. was founded in 1993 as one of the pioneering institutions in Chile’s factoring sector. In 2004, in order to diversify its line of products and services, it began offering financial leasing services. Later, in 2011, it launched a financial and operating leasing business for technology equipment through a subsidiary, FT Vendor. The proposed project consists of a loan of up to US$10 million. The IIC Loan will be used to finance Eligible Enterprises, based on the eligibility criteria established by the IIC, through factoring, financial leasing, and operating leasing projects.Factotal has a 1.8% share of the local factoring market and a 0.4% share of the financial leasing market.