Aurrera

Closed

Loans for investment and working capital

Up to €250,000

Objective

This new line of financing complements the portfolio of economic aid (grant, loan and capital) offered by the Basque Government’s Department of Economic Development and Infrastructures, providing SMEs with a new financial instrument with greater flexibility (fixed assets + working capital), a long-term vision and the guarantee of ELKARGI’s backing.

Amount

Between €50,000 and €250,000.

Minimum amount: €50,000.
Maximum amount: €250,000.
Tipo de interés: Euribor 12 meses+1,25%
Repayment period: Up to 7 years.
Grace period: Up to 2 years.

Eligible expenses

Investments in fixed assets: machinery, premises refurbishment, equipment, facilities, software applications, etc.
Working capital, that is, the liquidity needs required for the company’s normal operating cycle.