ENISA young entrepreneurs offers participatory loans to projects of this nature to help co-finance the company's strategic plan, providing more working capital to the round and serving as a financial alternative so that the startup can grow quickly without diluting so much.‍

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Who can benefit?

‍This funding is aimed at newly established startups created by young entrepreneurs and is intended to co-finance the company's strategic plan. To be able to benefit from this program, the company that requests it must be a SMEs with a corporate form.To be able to purchase this type of financing, certain requirements are required. The company must have minimum own funds equivalent to 50% of the amount of the loan you want to request (maximum 75,000€), must be constituted in 24 months prior to requesting the application and must have some validation in the market.

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What type of funding is it?

Enisa Young Entrepreneurs is a Participatory Loan that is not convertible to capital specially designed to accompany startups in its earliest stages.

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‍The main difference between Enisa and a bank loan The fact 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.

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‍Enisa JE apply your interests in two tranches: the first will be EURIBOR + 3.25% And the second of a 6% additional maximum depending on the company's profitability. The liquidation of these interests and capital would be carried out on a monthly basis. The amortization of the loan lasts until 7 years, including the grace period, which lasts up to 5 years, which means that the payment of fees may be delayed for up to 5 years. For commissions, an opening fee of 0.5% of the capital granted is established.

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If your company has these characteristics and you want to request ENISA Young Entrepreneurs, contact us hither and receive support to finance your startup.

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