How EFSI benefits SMEs in Europe - K&H Bank case study: PP Tech (Hungary), Welding, custom metal fabrication

PP Tech: Servicing a wide range of industry needs

Many welders likely have thought about going into business for themselves, but lacked the sales and business knowledge required to launch a successful venture. So the usual dilemma is: what’s more important, to be an excellent welding professional or to be a good sales man? Ultimately you can not strike an arc if you do not have a paying customer who needs your service.

Luckily Peter Pal Pinka, owner of PP Tech Ltd that bears his initials, has proven to be good at both. His company was set up in 2010, quickly establishing a reputation as a reliable service provider in welding and custom metal fabrication. The team’s experience and modern equipment allowed PP Tech to design and build precision metal products that service a wide range of industry needs.

In light of the company’s growth prospects, PP Tech turned to K&H Bank, an EIF financial intermediary under the COSME initiative in Hungary. The EU-guaranteed loan was used to purchase a new industry site where PP Tech could scale up its activities and become more competitive, leading to an expected increase of 30-40% in the company’s annual turnover.

The COSME loan agreement benefited from the additional backing of the European Fund for Strategic Investments (EFSI) SME Window managed by EIF.

Company: PP Tech (Hungary)

Type of business: Welding company

EIF financing:  COSME LGF,  EFSI

For further information about EIF intermediaries in Hungary please refer to: http://www.eif.org/what_we_do/where/hu