{"id":9779,"date":"2022-10-13T00:00:00","date_gmt":"2022-10-13T00:00:00","guid":{"rendered":"https:\/\/www.cinc.com\/new-lines-of-funding-for-young-people-entrepreneurs-and-innovation\/"},"modified":"2022-10-13T00:00:00","modified_gmt":"2022-10-13T00:00:00","slug":"new-lines-of-funding-for-young-people-entrepreneurs-and-innovation","status":"publish","type":"post","link":"https:\/\/www.cinc.com\/en\/new-lines-of-funding-for-young-people-entrepreneurs-and-innovation\/","title":{"rendered":"New lines of funding for young people, entrepreneurs and innovation"},"content":{"rendered":"
\n\tFor the past two months, the government has been implementing up to six lines of guaranteed financing that will be available to the self-employed throughout this year. <\/div>\n
\n\t <\/div>\n
\n\tIn May, the Council of Ministers approved a line of ICO guarantees for the self-employed in any sector whose expenses have increased as a result of the war in Ukraine. In addition, also through the ICO, the government is allowing beneficiaries of the Digital Kit – from September onwards, the self-employed with fewer than ten employees will be able to access it.<\/div>\n
\n\t <\/div>\n
\n\tThe last financing option launched by the government was in conjunction with the package of energy saving measures. The Council of Ministers approved three complementary lines of financing to be managed through Enisa so that the self-employed and entrepreneurs can obtain loans to start up their business or internationalize it.<\/div>\n
\n\t <\/div>\n
\n

How to access ENISA's lines of financing <\/h2>\n\n<\/div>\n
\n\tTo access ENISA funding, the entire process is carried out through its website: www.enisa.es. Projects must be located in Spain and may belong to any sector, with the exception of real estate or finance. The interest rate will be applied in two tranches. The first will be Euribor + 3.75 % and in the second a variable interest rate will be applied depending on the financial profitability of the company, with a maximum limit of between 3 % and 6 %, depending on the rating of the transaction These are the conditions of the three new lines:<\/div>\n
\n\t <\/div>\n
\n

1. Enisa line for young entrepreneurs <\/h2>\n\n<\/div>\n
\n\tThe line that the government has launched through Enisa for young entrepreneurs is aimed at newly formed SMEs (and startups) created by people under 40 years of age to address the investments required by the business project in its initial phase.<\/div>\n
\n\t <\/div>\n
\n\tThe requirements are:<\/div>\n
    \n
  • \n\t\tTo be an SME, as defined by the European Union.<\/li>\n
  • \n\t\tTo have its own legal personality, independent of that of your partners or participants.<\/li>\n
  • \n\t\tThe company must have been set up within a maximum of 24 months prior to the application.<\/li>\n
  • \n\t\tTo have its main activity and registered office in the national territory.<\/li>\n
  • \n\t\tThe business model must be innovative, novel or have clear competitive advantages.<\/li>\n
  • \n\t\tThe majority of the capital must be in the hands of individuals no older than 40 years of age.<\/li>\n
  • \n\t\tThe acquisition of fixed assets and the working capital necessary for the activity is financed.<\/li>\n
  • \n\t\tThe partners will have to contribute, via capital or equity, at least 50 % of the loan.<\/li>\n
  • \n\t\tThey will have to demonstrate the technical and economic viability of the business project.<\/li>\n
  • \n\t\tThey must have the accounts for the last closed financial year deposited with the Commercial Registry or other appropriate public registry.<\/li>\n
  • \n\t\tThe real estate and financial sectors are excluded. <\/li>\n<\/ul>\n
    \n\t <\/div>\n
    \n\tThe minimum amount of this line will be 25,000 euros and the maximum 75,000 euros.  The maturity period for which they may apply will be seven years and the maximum grace period will be five years.<\/div>\n
    \n\t <\/div>\n
    \n

    2. Enisa line for entrepreneurs <\/h2>\n\n<\/div>\n
    \n\tThe line that the government has set up through Enisa for entrepreneurs is aimed at supporting the early stages of the life of SMEs promoted by entrepreneurs, with no age limit.<\/div>\n
    \n\t <\/div>\n
    \n\tThe requirements are:<\/div>\n
      \n
    • \n\t\tBe an SME, as defined by the European Union.<\/li>\n
    • \n\t\tTo have its own legal personality, independent of that of its partners or participants.<\/li>\n
    • \n\t\tThe company must have been set up within a maximum of 24 months prior to the application.<\/li>\n
    • \n\t\tTo have its main activity and registered office in the national territory.<\/li>\n
    • \n\t\tThe business model must be innovative, novel or have clear competitive advantages.<\/li>\n
    • \n\t\tThe financial needs associated with the business project are co-financed.<\/li>\n
    • \n\t\tEquity must be at least equivalent to the amount of the loan.<\/li>\n
    • \n\t\tYou must show a balanced financial structure and professionalism in your management.<\/li>\n
    • \n\t\tThe technical and economic viability of the business project must be demonstrated.<\/li>\n
    • \n\t\tThe accounts for the last closed financial year must be filed with the Commercial Registry or other appropriate public registry.<\/li>\n
    • \n\t\tThe real estate and financial sectors are excluded.  <\/li>\n<\/ul>\n
      \n\t <\/div>\n
      \n\tThe minimum amount to be requested is 25,000 euros and the maximum is 300,000 euros. In this case, the maturity of the loan may be up to seven years and the maximum grace period of five years.<\/div>\n
      \n\t <\/div>\n
      \n

      3. Enisa line for consolidated businesses <\/h2>\n\n<\/div>\n
      \n\tThe growth line, launched by the government through Enisa, is aimed at supporting projects based on a viable and profitable business model, which are seeking a competitive improvement or a change of model in their production system, or who want to expand their production capacity by acquiring new technology, increasing their range of products\/services or diversifying markets. In other words, the beneficiaries will be entrepreneurs who are contemplating for their SMEs competitive improvements, a consolidation, growth or internationalization project.<\/div>\n
      \n\t <\/div>\n
      \n\tThe requirements are:<\/div>\n
      \n
        \n
      • \n\t\t\tTo be an SME, as defined by the European Union.<\/li>\n
      • \n\t\t\tTo have its own legal personality, independent of that of its partners or participants.<\/li>\n
      • \n\t\t\tTo have your main activity and registered office in Spain.<\/li>\n
      • \n\t\t\tYour business model must be innovative, novel or have clear competitive advantages.<\/li>\n
      • \n\t\t\tThe financial needs associated with the business project are co-financed.<\/li>\n
      • \n\t\t\tEquity must be at least equivalent to the amount of the loan.<\/li>\n
      • \n\t\t\tYou must show a balanced financial structure and professionalism in your management.<\/li>\n
      • \n\t\t\tThe technical and economic viability of your business project must be demonstrated.<\/li>\n
      • \n\t\t\tThe accounts for the last closed financial year must be filed with the Commercial Registry or other appropriate public registry.<\/li>\n
      • \n\t\t\tFor approved loans of more than €300,000, the financial statements for the last closed financial year must be externally audited.<\/li>\n
      • \n\t\t\tThe real estate and financial sectors are excluded.<\/li>\n<\/ul>\n
        \n\t\t <\/div>\n
        \n\t\tThe minimum amount to apply for is €25,000 and the maximum is €1.5 million. In this case, the maturity of the loan can be up to seven years and the maximum grace period is five years<\/div>\n<\/div>\n

        \n\t <\/p>\n","protected":false},"excerpt":{"rendered":"

        \n\tFor the past two months, the government has been implementing up to six lines of guaranteed financing that will be available to the self-employed throughout this year. <\/p>\n","protected":false},"author":2,"featured_media":9780,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_uag_custom_page_level_css":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,34],"tags":[],"class_list":["post-9779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-consultancy","category-enterpreneur"],"acf":[],"jetpack_featured_media_url":"https:\/\/www.cinc.com\/wp-content\/uploads\/2023\/03\/325-1.jpg","uagb_featured_image_src":{"full":["https:\/\/www.cinc.com\/wp-content\/uploads\/2023\/03\/325-1.jpg",1113,361,false],"thumbnail":["https:\/\/www.cinc.com\/wp-content\/uploads\/2023\/03\/325-1.jpg",150,49,false],"medium":["https:\/\/www.cinc.com\/wp-content\/uploads\/2023\/03\/325-1.jpg",300,97,false],"medium_large":["https:\/\/www.cinc.com\/wp-content\/uploads\/2023\/03\/325-1.jpg",768,249,false],"large":["https:\/\/www.cinc.com\/wp-content\/uploads\/2023\/03\/325-1.jpg",960,311,false],"1536x1536":["https:\/\/www.cinc.com\/wp-content\/uploads\/2023\/03\/325-1.jpg",1113,361,false],"2048x2048":["https:\/\/www.cinc.com\/wp-content\/uploads\/2023\/03\/325-1.jpg",1113,361,false],"gform-image-choice-sm":["https:\/\/www.cinc.com\/wp-content\/uploads\/2023\/03\/325-1.jpg",300,97,false],"gform-image-choice-md":["https:\/\/www.cinc.com\/wp-content\/uploads\/2023\/03\/325-1.jpg",400,130,false],"gform-image-choice-lg":["https:\/\/www.cinc.com\/wp-content\/uploads\/2023\/03\/325-1.jpg",600,195,false]},"uagb_author_info":{"display_name":"Utrans","author_link":"https:\/\/www.cinc.com\/en\/author\/utrans\/"},"uagb_comment_info":0,"uagb_excerpt":"For the past two months, the government has been implementing up to six lines of guaranteed financing that will be available to the self-employed throughout this year. ","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.cinc.com\/en\/wp-json\/wp\/v2\/posts\/9779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cinc.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cinc.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cinc.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cinc.com\/en\/wp-json\/wp\/v2\/comments?post=9779"}],"version-history":[{"count":0,"href":"https:\/\/www.cinc.com\/en\/wp-json\/wp\/v2\/posts\/9779\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cinc.com\/en\/wp-json\/wp\/v2\/media\/9780"}],"wp:attachment":[{"href":"https:\/\/www.cinc.com\/en\/wp-json\/wp\/v2\/media?parent=9779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cinc.com\/en\/wp-json\/wp\/v2\/categories?post=9779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cinc.com\/en\/wp-json\/wp\/v2\/tags?post=9779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}