This new line of financing complements the financial aid portfolio (subsidy, loan and capital) offered by the Department of Economic Development and Infrastructures of the Basque Government, providing SMEs with a new financial instrument with greater flexibility (fixed assets + current assets), vision long-term and with the guarantee that ELKARGI supports.
Characteristics of the loan
Minimum amount: 50,000 euros
Maximum amount: 250,000 euros
Interest rate: Euribor 12 months + 1.25%
Repayment term: Up to 7 years
Lack: Up to 2 years
For the granting of long-term loans to newly created small and medium-sized companies (with a maximum of 3 years of antiquity from the beginning of its activity). that develop an entrepreneurial activity. and that they commit to a business project that generates at least 3 jobs in 3 years.
Between 50,000 and 250,000 euros Financeable concepts: Investments in fixed assets: machinery, fitting out of premises, capital goods, facilities, computer applications, … Current assets, that is, the liquidity needs for the operation of the normal cycle of the company.
Deadline for application
Program open all year