They are specially formulated for startups or start-up companies that need liquidity to grow their business. The advantages they offer compared to other financing possibilities are mainly: the speed in obtaining the loan compared to the long waits required by other grants or loans with similar conditions and their lack of requirement for guarantees from the company or entrepreneurs, since 50% of the transaction is backed by the European Investment Fund.
- What type of funding is it?
Loans or leasing granted by a financial institution, partially guaranteed by the European Investment Fund (EIF).
Who can be a beneficiary?
SMES (less than 250 employees and an annual turnover of less than 50 million euros and an annual balance sheet of less than 43 million euros) that are incorporated and carry out their activities in Spain.
What expenses and investments are bankable?
Investment in tangible or intangible assets, circulating related to the company's business cycle or acquisition of companies (between independent investors). All projects must materialize in Spain. Among other things, refinancing, restructuring or VAT will not be bankable.
What is the amount?
Up to 12.5 million euros, conditioned on the company's business situation and prospects (turnover, indebtedness, cash flow, etc.).
What interest rate do you have?
Variable, Euribor + 4-5% (to be determined by financial institution).
What is the maximum amortization period?
From 2 to 12 years old for investment projects.DE 2 to 5 years, for working capital funding.
What is its lack?
At least 1 year of deficiency.
What Guarantees Do You Require?
They don't ask for guarantees on the part of the company or entrepreneurs. 50% of the transaction is backed by the European Investment Fund.
How to apply for an FEI loan?
From Intelectium we specialize in applying for loans and financial aid for startups. We can help you prepare the documentation, submit and manage the application for an FEI loan for your company. You can contact us through the Next form.
