As we have already seen in the blog, small and medium-sized Spanish companies can find interesting options to obtain funds thanks to public funding. One of the best-known instruments are those called ENISA.
In reality, ENISA is a public company that gives its name to these loans and that is dedicated to the financing of viable and innovative business projects in our country. Since its founding, it has disbursed more than 6,800 loans, financially helped more than 5,900 companies and invested more than 1 billion euros.ENISA has three main lines of funding: Young Entrepreneurs, Entrepreneurs and Growth.Today we are going to focus on the last one, more focused on companies and initiatives that are in a more advanced phase and want to expand their business in some way or obtain some competitive improvement.Companies can order the ENISA Growth line in order to make a change in their production systems, expand their productive capacity through the acquisition of new technology, the diversification or the expansion of a range of products or services. Also if you hope to finance your project through corporate transactions or are 'on the hunt' for debt or capitalization in regulated markets.
Requirements to be given an ENISA Growth 2021
To get this aid granted, you must meet a series of requirements, regardless of the objective of improvement or innovation. The first of these is, obviously, to be an SME according to the definition made by the European Union. You must have your own legal personality and your main activity and registered office must be in national territory. Another condition is that your own funds amount to at least the same amount of the loan. In addition, it is also necessary that your financial structure is balanced and that you show professionalism in management. On the other hand, you are obliged to demonstrate that your business project has technical and economic viability. Thus, the accounts for the last financial year must be deposited in the Mercantile Registry or the corresponding public registry.
Loan Terms
The ENISA Growth line offers a minimum amount of 25,000 euros and a maximum of 1.5 million euros. However, if the amount that has been approved exceeds 300,000 euros, you must have the financial statements for the last financial year audited externally. It should be remembered that co-financing will be given for the financial needs associated with the business project. The ENISA Growth line has a maximum maturity period of 9 years, with a maximum grace interval of 7 years. The opening fee would be 0.5%. In addition, the interest rate is applied in two different tranches. The first is Euribor + 3.75% and in the second, a variable interest rate is applied according to the company's minimum return. The ceiling is between 3% and 8%, always depending on the rating of the operation.
The process to obtain an ENISA Growth 2021
First, you must make your request through the customer portal. You must be sure to provide all the necessary documentation for ENISA to begin the analysis phase. ENISA will evaluate your application and must determine the amount of the loan and its conditions, considering whether it gives a favorable opinion. If your project is chosen, you will receive a communication. From then on, you will have a period of three months to provide the documentation that is required in order to sign before a notary for the formalization of the loan.
ENISA Experts
At Intelectium, we help companies to apply for Enisa under a completely successful model. We only charge our fees if we get the requested funding. If you want to know if your company is eligible for funding from Enisa you can contact us through our Form. We will carry out an analysis of the state of your company and its type to tell you if you are eligible for aid and the estimated amount we can get.
