Participatory loan for Catalan startups
For start-up companies or entrepreneurs who want to create their company in Catalonia, IFEM, offers a line of co-financing in the form of non-guaranteed equity loans.
Instruments Financers per a Empreses Innovadores (IFEM), is a subsidiary of the Institut Catalan de Finances (ICF) which manages ERDF funds to provide funding to micro-enterprises and SMEs to drive the creation and development of startups in Catalonia.
The grants are in the form of microcredits, equity loans with the collaboration of Networks of Business Angels and Venture Capitals and guarantee guarantee.
Characteristics of IFEM loans
From 50,000 euros to 200,000 euros.
Catalan startups and SMEs
Up to 5 years with a 2 gap and a variable interest rate
No guarantees or personal guarantees