Financing from of the Ministry of Industry, Energy and Tourism, for companies that have invested in innovative or growth-oriented business projects.
Beneficiaries:
- Be an SME as defined by the EU, and be incorporated as a commercial company.
- Main activity and registered office in the national territory.
- Innovative/novel business model or with clear competitive advantages.
- Not be involved in the real estate or financial sector.
- Co-financing of the financial needs associated with the business project.
- Level of own funds at least equal to the amount of the loan requested from ENISA.
- Balanced financial structure.
- Professionalism in management.
- Technical and economic viability of the business project.
- Accounts filed at Companies House for the last closed financial year for approved loans of up to
300,000, and externally audited financial statements for the last closed financial year, for loans approved for higher amounts.
Programme types and characteristics
Young entrepreneurs
Entrepreneurs
Competitiveness
Digital Agenda
Mergers and acquisitions
Characteristics of the aid
- Equity loan: Minimum amount: 75.000 € Maximum amount: 1.500.000 €.
- In determining the amount, the level of own funds and the financial structure of the company shall be assessed, inter alia, on the basis of the level of own funds and the financial structure of the company.
- The interest rate will be applied in two tranches:
– Primer tramo: Euribor + un % de diferencial a determinar.
– Segundo tramo: hasta un % máximo adicional en función
of profitability
company's financial situation.
- Arrangement fee: % to be determined.
- Maturity: maximum 9 years.
- Principal grace period: maximum 7 years.
- Early redemption fee: equivalent to the amount that the amount redeemed early would have been
accrued as a second tranche of interest if it had been amortised in accordance with the terms provided for
initially.
- Early maturity fee due to change in shareholding: equal to the amount that the balance due to the change in shareholding is
The outstanding principal amount of the loan, at the time of early maturity, would have accrued as a second tranche of interest if the loan had been repaid as originally scheduled.
- Quarterly amortisation of interest and principal.
Deadline for submission:
Open all year round
contact
If you would like to know more about these grants, please contact us and we will analyse your case without obligation.
ABRA INVEST has a dedicated public finance team with more than 15 years of experience in public finance.
Mail: advisory@bakertilly.es
Telephone: +34 946424142
https://techma.bakertilly.es/nuestro-blog/
@abrainvest
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