Support in the search for funding
Various financial entities have financing lines for business projects.
AVALMADRID Lines
avalmadrid is a Reciprocal Guarantee Society whose task is to facilitate and help the of the SMEs, self-employed y entrepreneurs full Region of Madrid, improving the financing and/or subsidy conditions that Madrid companies can access both in terms of cost and term.
The main financing lines of the Madrid SGR for SMEs, freelancers and entrepreneurs are the following:
Business Microcredit
El Business Microcredit It is aimed at entrepreneurs who may have difficulties accessing financing. For its formalization, a Business Plan and a viability certificate issued by the Community of Madrid (collaborating entity) are necessary.
The final granting of the microcredit is subject to the analysis, study and application of specific criteria carried out by the financial entity (Microbank) both for the business project and for the entrepreneur.
This microcredit is intended to finance self-employment projects, small businesses and micro-enterprises.
Entrepreneurs interested in these or other ways of financing can contact the Advisory service to Entrepreneurs.
ICO lines
The Official Credit Institute (ICO) has several lines to finance both investment projects and liquidity needs of the self-employed and companies.
Line ICO Companies and Entrepreneurs. Financing aimed at the self-employed and Spanish companies. They can also request financing charged to this line, individuals and communities of owners exclusively for the rehabilitation of their homes. Transactions are processed directly through credit institutions.
ICO Line Guarantee SGR/SAECA. Financing aimed at the self-employed and Spanish or mixed companies with majority Spanish capital that have the endorsement of a Reciprocal Guarantee Company (SGR) or the State Limited Agricultural Surety Company (SAECA). The processing of the operations is carried out directly through the credit entities, in the Reciprocal Guarantee Societies or in SAECA.
ENISA lines
The program ENISA financially supports recently established SMEs through the participatory loan through two different lines:
Young Entrepreneurs Line. Aimed at providing financing to recently established SMEs, created by entrepreneurs up to 40 years old.
Entrepreneurs Line. Aimed at financially supporting recently established SMEs, promoted by entrepreneurs with no age limit.