Through the Financia Ahead Loans, the IFCLM offers financing of up to more than 1 M€ with long amortization periods.
The entity has different programs for the financing of startups and SMEs in the community, with different investment objectives: creation of new companies, business continuity projects, internationalization projects... What are the lines of Financia Ahead loans?
Ahead Investments Program
Objective: Financing investments in new fixed assets.
Beneficiaries: Individual companies and companies with or without legal personality in Castilla-La Mancha, regardless of the phase they are in (start-up, growth or consolidation).
Requirements:
- The activity must be carried out, or have its headquarters, in the Community.
- The project must be financed with own resources of at least 10%, and may require 30% of own funds in loans with an amount greater than 1M €.
- The project must be economically, financially, technically and commercially viable.
- The bankable costs must be new (those that have not started before 6 months prior to the date of submission of the project will be understood as such).
Financiable costs:
- Indispensable costs for the creation of the company.
- Costs of the first establishment, necessary to start the company's activity.
- Investment in tangible fixed assets, located in Castilla-La Mancha, that make it possible to carry out the company's corporate purpose.
- Investments in intangible assets.
Program continues
Objective: Financing of business continuity projects (due to retirement, replacement or replacement of the developer of the business or project).
Beneficiaries: Individual companies and companies with or without legal personality in Castilla-La Mancha, regardless of the phase they are in (start-up, growth or consolidation).
Requirements:
- The activity must be carried out, or have its headquarters, in the Community.
- The project must be financed with own resources of at least 10%, and may require 30% of own funds in loans with an amount greater than 1M €.
- The project must be economically, financially, technically and commercially viable.
- The bankable costs must be new (those that have not started before 6 months prior to the date of submission of the project will be understood as such).
Financiable costs:
- Indispensable costs for the creation of the company.
- Costs of the first establishment, necessary to start the company's activity.
- Investment in tangible fixed assets, located in Castilla-La Mancha, that make it possible to carry out the company's corporate purpose.
- Investments in intangible assets.
As well as:
- Costs derived from carrying out a prior diagnosis of the management, governance and ownership of the company to be acquired.
- Costs derived from the acquisition of goodwill, understood as the set of tangible or immaterial elements of the company that imply value for the company.
Internationalization program
Objective: Financing plans aimed at exporting and expanding their businesses in new markets outside of Spain.
Beneficiaries: Individual companies and companies with or without legal personality in Castilla-La Mancha, regardless of the phase they are in (start-up, growth or consolidation).
Requirements:
- The activity must be carried out, or have its headquarters, in the Community.
- The project must be financed with own resources of at least 10%, and may require 30% of own funds in loans with an amount greater than 1M €.
- The project must be economically, financially, technically and commercially viable.
- The bankable costs must be new (those that have not started before 6 months prior to the date of submission of the project will be understood as such).
Fundable projects:
- Market research and economic intelligence projects.
- Carrying out market studies and new trends, as well as prospecting trips in destination markets.
- Projects for the development of business cooperation strategies for internationalization. Costs of preparing international tenders.
- Investment in digital marketing and development of computer applications for international sales.
- Training projects, in a broad sense, for business teams.
- Participation and/or visit at international fairs and events.
- Etc.
Financiable costs:
- Market research and economic intelligence costs.
- Costs of developing business cooperation strategies for internationalization: costs derived from implementing different types of commercial cooperation for international sales.
- Costs derived from international tender preparation projects.
- Costs derived from investment in digital marketing and development of computer applications for international sales.
- Etc.
Digital Business Program
Objective: Funding for digitalization, technology and innovation projects that improve the company's competitive position.
Beneficiaries: Individual companies and companies with or without legal personality in Castilla-La Mancha, regardless of the phase they are in (start-up, growth or consolidation).
Requirements:
- The activity must be carried out, or have its headquarters, in the Community.
- The bankable project must implement digitalization, technology and innovation plans, with the objective of improving the company's competitive position.
- The project must be financed with own resources of at least 10%, and may require 30% of own funds in loans with an amount greater than 1M €.
- The project must be economically, financially, technically and commercially viable.
- The bankable costs must be new (those that have not started before 6 months prior to the date of submission of the project will be understood as such).
Fundable projects:
- Projects related to artificial intelligence, machine learning and autonomous decision-making.
- Projects related to technological developments.
- Systems implementation projects aimed at the digitalization of processes (ERP, CRM and similar), interconnection of physical and virtual elements, processing of captured data (business intelligence, big data and the like).
- Projects for the implementation of production process control, data capture systems, preventive maintenance, automation, and sensing associated with products, services and processes.
- Projects for the implementation of enterprise resource planning systems, internal and external logistics, and horizontal and vertical value chain integration.
- Etc.
Financiable costs:
- Indispensable costs for the creation of the company.
- Costs of the first establishment, necessary to start the company's activity.
- Investment in tangible fixed assets, located in Castilla-La Mancha, that make it possible to carry out the company's corporate purpose.
- Investments in intangible assets.
As well as:
- Costs derived from implementing a digital interface for business interactions, or adoption/implementation of an existing interaction solution with your customers or suppliers.
- Costs derived from the implementation of information systems for the management of the life cycle of products and services.
- Costs derived from the implementation and/or certification of quality standards (e.g. ISO 166,000), as well as certification of new products and sectoral certification, such as consulting, advisory and support services.
- Costs derived from the registration of patents, utility models, industrial designs, brands and trade names, directly related to the innovation of a product, service or production process, except fees.
- Etc.
Green Economy Program
Objective: Financing circular economy or energy efficiency projects.
Beneficiaries: Individual companies and companies with or without legal personality in Castilla-La Mancha, regardless of the phase they are in (start-up, growth or consolidation).
Requirements:
- The activity must be carried out, or have its headquarters, in the Community.
- Beneficiary entrepreneurs and companies must have a green economy project.
- The project must be financed with own resources of at least 10%, and may require 30% of own funds in loans with an amount greater than 1M €. - The project must be economically, financially, technically and commercially viable.
- The bankable costs must be new (those that have not started before 6 months prior to the date of submission of the project will be understood as such).
Fundable projects:
- Circular design and production: apply “reduction and recycling” strategies to eliminate waste at source before the commercialization phase.
- Circular use and extension of useful life: allow the reuse, repair, conversion, reconditioning of products in the use phase.
- Circular value recovery: recovering materials and other resources from waste, through waste heat recovery systems and/or the reuse of treated wastewater.
- Circular support: apply circular strategies in all phases of the life cycle, for example, with the deployment of ICT technologies, digitalization and support services for circular business models and circular value chains. - Etc.
Financiable costs:
- Indispensable costs for the creation of the company.
- Costs of the first establishment, necessary to start the company's activity.
- Investment in tangible fixed assets, located in Castilla-La Mancha, that make it possible to carry out the company's corporate purpose.
- Investments in intangible assets.
As well as:
- Costs of research studies and/or demonstration projects of new products or services and of product reuse.
- Costs derived from ecodesign and eco-innovation of products or services that promote waste prevention throughout their life cycle.
- Costs of implementing product return services driven by the distributor or manufacturer of these products, in order to reuse, remanufacture or recycle them.
- Cost of investments derived from new processes or technologies that make it possible to value waste that is not currently being valued, or that increase the performance and/or quality of existing third-party waste recovery operations.
- Costs derived from the renovation of indoor and outdoor lighting installations, and/or installation of intelligent controllers.
- Costs derived from the renovation of air conditioning (heating and cooling) installations to more efficient and/or lower emission systems.
- Etc.
For all of the programs mentioned above, the IFCLM will offer loans, whose conditions will vary depending on the type of company:
Micro-loan: Loans of up to €100,000 with a repayment period of 3 to 7 years, including 1 or 2 years of grace period. And an interest rate of EUR3M +1.5% and EUR3M +0.00% for those loans that have a guarantee from the CLM.
SME - Loan: Loans of up to 1M € with a repayment period of 3 to 7 years, including 1 or 2 years of grace period. The interest rate, consisting of a variable rate plus a differential, will depend on the amount of financing obtained, following the following scheme:
- For loans of between 100,000 and 300,000€: EUR3M +2.5% (initial) or EUR3M +1.00% (initial) for those loans that have a guarantee from the CLM. The company must have its own funds of at least 15% of the bankable costs.
- For loans between 300,000 and 1,000,000€: EUR3M +3.5% (initial) or EUR3M +2.00% (initial) for those loans that have a guarantee from the CLM. The company must have its own funds of at least 32% of the bankable costs.
- For loans of more than 1,000,000€: EUR3M +3.5% (initial) or EUR3M +2.00% (initial) for those loans that have a guarantee from the CLM. The company must have its own funds of at least 30% of the bankable costs.
The entity also offers other lines of financing such as the “D” Challenge Loans, which aims to provide companies with sufficient financial resources to carry out investment projects in rural areas, as well as guarantees and participatory loans together with SODICAM (company for industrial development of Castilla-La Mancha).
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