To be able to request a ENISA, the company must be an SME, small and medium-sized company, or startup domiciled in Spain with an innovative project or idea and looking for funding.
The National Innovation Company has 3 lines of funding adapted to different startup profiles, ENISA young entrepreneurs, ENISA entrepreneurs and ENISA Growth.
ENISA'S FUNDING LINES
ENISA YOUNG ENTREPRENEURS
La ENISA line young entrepreneurs It is aimed at newly established startups created by young entrepreneurs under 41 years of age and is intended to co-finance the company's strategic plan.
In order to qualify for the participatory loan, certain requisites. The company must have some minimum own funds equivalent to 50% of the amount of the loan you want to request (maximum 75,000€), must be constituted in the 24 months prior to requesting the application and it must have some validation in the market.
ENISA Young Entrepreneurs is a Participatory Loan that is not convertible to capital designed especially to accompany startups in their earliest stages.
The main difference between this funding and a bank loan is that the “funding body”, in this case ENISA, is at risk with the transaction and applies a variable interest rate depending on the company's profits.
ENISA JE invests its interest in two tranches: the first will be EURIBOR + 3.25% and the second an additional 6% 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 up to 7 years, with the grace period included, which lasts up to 5 years, which implies that the payment of the installments can be deferred for up to 5 years. For commissions, an opening fee of 0.5% of the capital granted is established.
ENISA ENTREPRENEURS
ENISA entrepreneurs is a line of financing designed for companies in the early stages of life. This line offers participatory loans of a minimum of €25,000 and a maximum of €300,000. This is one of the best-known and most advantageous lines of funding for startups, since it is a loan for entrepreneurs, without personal guarantees or guarantees. Therefore, if unfortunately the project does not go ahead, the debt responds exclusively to the company's social assets, not to the managing partners.
This funding is aimed at newly established startups created by entrepreneurs and is intended to co-finance the company's strategic plan in the coming years. In order to benefit from this program, the company that requests it must be an SME with a corporate form. Unlike the Young Entrepreneurs line, the Entrepreneurs line has no age requirements for founders.
In order to purchase this type of financing, certain requirements are required. Own funds must be at least equivalent to the amount of the loan. For this reason, sIt is advisable to apply for ENISA to leverage private funding rounds. The company must be incorporated within 24 months prior to the application and must have market validation in the form of billing.
ENISA Entrepreneurs is applied in two tranches, the first will be EURIBOR +3.75% and the second an additional maximum of 8% depending on the company's profitability. In addition, the liquidation of interest and capital is carried out on a quarterly basis.
The amortization of the loan is up to 7 years including the grace period that lasts up to 5 years. As for commissions, an opening fee of only 0.5% of the capital granted is established.
ENISA GROWTH
ENISA Growth offers non-convertible equity participatory loans from €25,000 to €1,500,000 for startups with innovative business models that have already been validated in the market. In addition, it does not require personal guarantees.
The company applying for this funding must be a startup or SME with an innovative and innovative business model. The purpose of this funding method is to co-finance the company's strategic plan in the coming years. In order to apply for the Growth line, the startup's own funds must be of a minimum equivalent to the amount of the loan. For this reason, it is advisable to apply for ENISA to leverage private funding rounds. In addition, for approved loans for an amount greater than €300,000, the financial statements of the last closed financial year must be audited externally. As a last requirement, the company is required to have some market validation, usually expressed in the form of recurring billing.
ENISA Growth, is divided into two tranches. The first will be EURIBOR +3.75% and the second an additional 8% maximum depending on the company's profitability. In addition, interest and capital are liquidated on a quarterly basis.
The amortization of the loan is up to 9 years including the grace period that lasts up to 7 years. As for commissions, an opening fee of 0.5% of the capital granted is established.
How to submit an ENISA?
If you don't have time or want to increase your chances of success in receiving funding from ENISA. At Intelectium we specialize in financing for Startups and we can download you from all the work involved in preparing, applying and managing them to obtain a loan ENISAA. Unlike other consulting firms, We work 100% successfully, that is to say that we are at risk and we only charge when the entrepreneur obtains the funding. If your company meets these characteristics and you want to request a ENISA, contact us hither and receive support to finance your startup through this line.
