The Enisa Startups and SMEs funding line is designed to support viable and innovative startups and SMEs, both in the creation and growth phases, who wish to promote their business project. Enisa co-finances the company's strategic plan with a minimum of €25,000 and a maximum of €1.5 million. This is a participatory loan that is not convertible into capital. The main difference between Enisa and a bank loan is that “the financing body”, in this case Enisa, is at risk with the transaction and applies a variable interest rate depending on the company's profits.
In addition, it does not require personal endorsements or guarantees from entrepreneurs. One of the main reasons why it is so preferred among entrepreneurs
Enisa stands for Empresa Nacional de Innovación SA, a body under the Government that has the Enisa Young Entrepreneurs loan line open on a permanent basis.
What is the purpose of the 'Enisa Startups and SMEs' aid and what projects does it finance?
'Enisa Startups and SMEs' seeks to provide the necessary financial resources to startups and SMEs both in the creation and growth phases, who wish to promote their business project. Enisa seeks to co-invest, that is, to accompany the first expansions or rounds of private capital that companies obtain to boost their growth.
What type of aid is it and what are its main characteristics?
Enisa's funding is in the form of a participatory loan and has very marked differences with traditional bank loans:
- Minimum and maximum amount: For the Enisa Startups and SMEs line you can request a loan starting at 25,000 euros and up to 1.5 M€
- Interest rates: The first tranche of the loan is calculated Euribor +4 or + 6% and the second tranche of the loan is a variable interest depending on the company's financial profitability, with a maximum limit established between 4.5% and 6.5%, following the rating or rating assigned to the transaction.
- Fees: It has an opening commission of 0.5%.
- Expiration: The maximum maturity or maximum grace period is up to 7 years.
To be eligible for the Enisa Startups and SMEs loan line, applicants must be SMEs as defined by the European Union. Beneficiary companies must have their own legal personality. The company's main activity and its registered office must take place in Spain and the business model must reflect innovation or some new aspect compared to the current solutions existing in the market.
Enisa Startups and SMEs application deadline
It is a type of financing that is open permanently, but we recommend applying during the first half of the year or at the latest in September to maximize the chances of obtaining the loan.
Can I apply for more than one Enisa loan?
Yes, you can request new funding from Enisa whenever there are changes and growth in the company. Through new capital increases or significant growth in the company's cash flow.
Requirements
The startup must have its own funds (at least) equivalent to the amount of the loan
The startup must have an innovative business model, with clear competitive advantages.
The startup must be able to demonstrate the technical and economic viability of the business project.
