SMEs

Once again, BBVA has been busy promoting sustainability training among 418 of its suppliers and SME customers across 13 countries in which it operates. A total of 552 people will soon be taking part in the UN Global Compact Sustainable Suppliers Training Programme, of whom 59% (326) are women.

BBVA has promoted sustainability training to 252 of its SME suppliers. These are small and medium-sized companies that have contracts with BBVA in the countries where the group is present and will receive this training as part of the United Nations Compact's Sustainable Suppliers training program.

As part of its commitment to Turkey’s green transformation, Garanti BBVA Leasing and the European Bank for Reconstruction and Development (EBRD) are offering $25 million in loans to eligible companies looking to invest in sustainability.

BBVA voluntarily adhered to the Code of Good Practices approved by the Government on May 11 for customers benefiting from government-backed financing as of March 17, 2020. BBVA is firmly committed to companies and the self-employed, as it has shown during the crisis. By adhering to the Code, BBVA reinforces its commitment to this segment, one of the country's key economic drivers.

In a hat trick, BBVA USA has been named the Best Treasury & Cash Management Provider in the Southwest Region by Global Finance magazine for the third time in a row.

In the last part of the BBVA USA Paycheck Protection Program (PPP) Forgiveness Series, final tips and advice are given, based on the frequently asked questions submitted from actual small business owners who received a PPP loan. Questions were submitted as part of the BBVA USA Forgiveness Webinar, developed to walk small businesses through the forgiveness process.

Parts 1 and 2 of the BBVA USA Paycheck Protection Program (PPP) Forgiveness Series detailed two key pieces of the entire process: The lender’s responsibilities and the borrower’s responsibilities. The details of these topics can be found in the main source of the Forgiveness Series: the BBVA USA Forgiveness Webinar, a comprehensive look into the PPP that untangles frequent questions. 

Last week, the BBVA USA Paycheck Protection Program (PPP) Forgiveness Series detailed  the PPP lender’s responsibilities, which can be found here. The second part of the bank’s PPP forgiveness webinar provided an overview of the borrower’s responsibilities and this article highlights some of the borrower’s responsibilities.

BBVA USA has launched a sustainability-focused commercial real estate loan for clients across its footprint, marking a milestone in the bank’s new 5-year strategic plan implemented in January 2020.  

When the PPP launched earlier this year in response to the COVID-19 pandemic, uncertainty painted the quickly-changing small business landscape. That uncertainty still lingers now that the program’s narrative has shifted to the forgiveness phase.

Last year, BBVA USA launched the Entrepreneurial Opportunity Contest, an initiative aimed at helping up-and-coming small businesses enhance their operations.

When the PPP launched, its aim was to help small businesses avoid laying off employees while their operations were shut down due to the coronavirus pandemic. That aim may be taking effect.

When the Paycheck Protection Program launched in early-April, BBVA USA employees knew there was going to be an influx of applications for small businesses struggling during the ongoing pandemic.

New situations call for new approaches. When the Paycheck Protection Program launched in early-April, BBVA USA employees knew there was going to be an influx of applications for small businesses struggling during the ongoing pandemic.

As small businesses across the country struggle with challenges from decreased sales to mandatory shut-downs tied to the COVID-19 pandemic, BBVA USA employees worked fervently to ensure the bank was one of the first in the U.S. to accept applications for the Small Business Administration's (SBA) Paycheck Protection Program.

BBVA USA today announced it will be one of the first banks in the U.S. to begin processing customer applications for the Paycheck Protection Program, a key small business relief component of the recently passed CARES Act and administered through the Small Business Administration (SBA).

Small businesses across the country are having to modify their business operations to stay afloat in the middle of the COVID-19 pandemic. During trying times when unemployment numbers are at historic highs, digital resources have become increasingly necessary.

The Houston Rockets and BBVA USA have announced the launch of their annual Launchpad contest for Houston entrepreneurs.

Shortly after being recognized by Global Finance magazine for its cash and treasury management services, BBVA USA earned another pair of awards today from financial industry research firm Greenwich Associates.

The European Investment Bank (EIB) and BBVA are joining forces to provide financing on favourable terms for Spanish SMEs. EU bank Vice-President Emma Navarro and BBVA CEO Onur Genç signed an agreement today in Madrid enabling the Spanish bank to provide EUR 600m to support the investments of small and medium-sized enterprises (SMEs). With this agreement, BBVA will be able to offer them favourable financing in terms of both maturity and interest rates.

Under the scope of agreements Garanti BBVA has signed with the International Finance Corporation (IFC), the Development Bank of Austria (OeEB), and Green for Growth Fund (GGF), the bank will allocate $133 million to support energy efficiency and renewable energy projects, small and medium-size businesses, and women entrepreneurs across 22 Turkish provinces.

Denver-based Vita Inclinata Technologies has been named the overall winner of BBVA’s Entrepreneurial Opportunity Contest, winning the $50,000 grand prize over other geographic winners from previous regional rounds. The company is focused on delivering the first agnostic, autonomous suspended load stability system for both earth and space applications.

The Houston Dynamo and BBVA USA have announced MoodMe as the winner of its annual Launchpad Sweepstakes contest, giving the Houston-area startup $10,000 to enhance its operation.

For the fourth consecutive year, the Houston Dynamo and BBVA in the USA rolled out their annual small business contest on August 20, beginning a new chapter in their focus to foster entrepreneurship in the Houston area.

They’re everywhere. Whether it be gold arches, burger royalty, donuts that dunk or fried chicken from Kentucky, fast food restaurant franchises are everywhere in the United States.

Almost a year ago, BBVA USA launched the ground-breaking BBVA Compass RealTime ARP™ and BBVA Compass RealTime Positive Pay™ products - digital solutions that would change the landscape of U.S. treasury management.

BBVA’s San Francisco based Propel Venture Partners unit has announced it is to support a new round of funding into Ease - an HR software solution for small and medium sized businesses from the U.S.

In general, banks are able to continue with business as usual during a government shutdown. Accounts can be opened, transactions can be processed, loans can be funded. However, there are some areas that rely heavily on federal employees in specific situations.

BBVA and the European Investment Bank Group (EIB) have signed a synthetic securitization of €1 billion. The agreement is a very innovative financing operation, as it is the first synthetic securitization to be supported by blockchain technology in the European Union and the third synthetic corporate loan securitisation signed by the EIB Group and BBVA. Moreover, BBVA and EIB Group will provide €360 million to finance investments projects of SMEs and midcaps.