With the approval of a CDTI loan, those companies that are not yet in the profitability phase may find that the agency requests a percentage of guarantees on their loan tranche.

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These guarantees can be presented both as personal guarantees and as a pledge of the loan itself, which is usually the preferred option in most cases, since this way it does not pose any risk to the entrepreneurs or owners of the company.

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In pledge guarantees for its own loan, the bank blocks part of the aid in exchange for the issuance of the guarantees, which must then be submitted to CDTI to proceed with the collection of the aid. These guarantees must be submitted for each payment made by the entity and for the percentage it has set at the time of approval. There is the possibility of linking these guarantees to the repayment fees of the loan, so that they are released as the loan is amortized, according to the schedule established in the aid contract.

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As for the percentage of guarantees that the CDTI may require, it is governed by the measures to exempt and reduce guarantees for SMEs and MIDCAPS, which stipulate the following limitations:

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• For Small Businesses (with a maximum of 50 employees or with a turnover of less than 20 million euros) a reduction of guarantees of 25% is established for projects that represent a living risk or debt of up to half a million euros. As an exception, for the Cervera Transfer line, the limit is increased to one million euros to benefit from this limitation.
• For Medium Businessess (with a maximum of 250 employees): The exception of 25% guarantees applies to projects of up to one million euros.
• For Large Companies: The maximum amount to request this limitation of 25% of guarantees is up to 3 million euros.

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This measure affects all CDTI projects funded by partially reimbursable grants, regardless of their source of funds, such as PID, LIC or LICA, among others.

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It is important to note that this only applies to unprofitable companies. For profitable companies, the CDTI generally does not ask for guarantees.

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Another crucial point to consider is that the CDTI guarantee is cumulative by amount of debt, not by project. If a company has applied for aid to CDTI more than once and has outstanding debt, this amount will be taken into account to calculate the guarantee limitation. The risk includes only the loan portion of the aid, never the grant portion.

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We help you get aid from CDTI

If you want to assess whether CDTI can fit your company or project, we can advise you without obligation. At Intelectium, we work under a successful model in obtaining public aid. We help you to identify which grants are the best fit for you and to prepare all the necessary documentation to carry out the procedure correctly until you obtain funding. You can contact us through our form or by sending an email to comunicacion@intelectium.com