Pádel Nuestro has secured two loans whose total of €2.84 million will go towards acquiring real estate, inventory and other costs associated with opening own stores in Sweden’s big cities. The group has six Swedish stores already, all of them franchises.
The lender is COFIDES, public-private company combining Spanish state funds with investments from Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell and CAF-Banco de Desarrollo de América Latina. Its purpose is to internationalize Spain’s economy and maintain the solvency of companies hurt by the Covid lockdowns.
