Crecimiento

Finance business projects, based on a viable and profitable business model, that are looking for a competitive improvement or a change in the model of their production system, or that want to expand their productive capacity by acquiring new technology, increasing their range of products / services or diversifying markets.

Requirements

-Be an SME, as defined by the European Union.
-To have its own legal personality, independent from that of its partners or participants.
-Have your main activity and registered office in the national territory.
-Your business model must be innovative, novel or have clear competitive advantages.
-Co-financing of the financial needs associated with the business project.
-Your equity must be at least equivalent to the amount of the loan.
-You must show a balanced financial structure and professionalism in your management.
-You will have to demonstrate the technical and economic viability of your business project.
-The accounts of your last closed fiscal year must be filed with the Commercial Registry or other appropriate public registry.
-For loans approved for more than €300,000, you must have the financial statements for the last closed financial year externally audited.
-The real estate and financial sectors are excluded.

Conditions

-Minimum loan amount: €25,000.
-Maximum loan amount: €1,500,000.
-To determine the amount, the amount of equity and the financial structure of your company, among other factors, will be taken into account.
-The interest rate will be applied in two tranches:
>First tranche: Euribor + 3.75 %.
>Second tranche: we apply a variable interest rate depending on the financial profitability of your company, with a maximum limit established between 3 % and 8 %, according to the rating of the operation.
-Arrangement fee: 0.5%.
-Maturity: maximum 9 years.
-Principal grace period: maximum 7 years.
-Early repayment fee: equivalent to the amount that the loan would have accrued for the second interest tranche if the loan had been repaid in the agreed terms and the second interest tranche had been settled at the maximum rate, deducting the interest accrued on the second tranche up to the date of early repayment.
-Early maturity fee due to a change in the shareholding: In the event of a change in the majority of control of the borrower company and/or the global transfer by any title of the borrower company's assets, ENISA has the option to declare the early maturity of the loan. In the event of exercising this option, a penalty for early maturity will be established, equivalent to the amount that the loan would have accrued as the second interest tranche -if the loan had been repaid in the agreed terms and the second interest tranche had been settled at the maximum rate-, deducting the interest of the second tranche accrued up to the date of early maturity.
-Amortization of interest and principal is quarterly.
-We do not require collateral.