Purpose

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

Intended for

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.

Amount

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

More information

bicaraba@bicaraba.eus

945298282