Participative loan for startups
The Empresa Nacional de Innovación, S.A. (ENISA), under the Ministry of Industry, Trade and Tourism (MINETUR) has financing lines for startups and SMEs in stages of growth or consolidation with viable and profitable business models.
ENISA grants are generally intended to finance the company's improved competitiveness in its different growth needs, through the provision of non-guaranteed equity loans with a variable interest rate based on profitability company.
Funding is conditional on the company making or has recently made a capital contribution equal to or greater than the aid requested.
ENISA has 3 different funding lines:
Up to 75.000€
Aid for startups and newly established SMEs founded by young entrepreneurs (up to 40 years). Through this line, ENISA addresses the investments required by the business project in its most early phase.
Up to 300.000€
Help aimed at supporting startups and SMEs during the early life stages of their project (without age limit).
Up to 1,5M€Help offered to support innovative startups or SMEs who want to expand their business or achieve competitive improvement.read more
ENISA’s funding characteristics
Co-financing: The company must make or have recently made a capital contribution
Aid modality: Equity loans
Amortization 9 years with 7 of lacks
Budget: The minimum budget to apply for Enisa is 25,000 euros and the maximum of 1.5M
No endorsements or personal guarantees required.