This is a line of financing to guarantee the monetary risks incurred by SMEs and self-employed workers before financial institutions in the Autonomous Community of Andalusia.
Eligible expenditure: the guarantee operations which the SGR grants and formalises with the business owner, from 14 March to 31 October 2020.
Characteristics of the loan:
- Average amount: 25,000
- Term: Up to 5 years.
- Grace period: up to 12 months.
- Interest rate: Fixed, up to 2%.
- Arrangement fee: Up to 0.50%.
Guarantee: 100% of the underlying transaction.
Guarantor: Sociedad de Avales y Garantías de Andalucía, S.G.R. (Guarantee)
Economic conditions of Guarantee: Single payment on formalization.
– Annual guarantee commission: Up to 1.25%.
– Study fee: Up to 0.50%.
– Linked capital: 2% (refundable).
Counter-guarantees: personal signatures of holders and partners.
Situation of the SME at 31/12/2019: businesses with tax benefits and generation of sufficient resources for the payment of their debt
Beneficiaries:
- SMEs
- Self-employed
Eligible expenditure: Guarantee operations granted and formalised by the MGS guarantee with the business owner between 14 March and 31 October 2020.
Organisation: Consejería de Hacienda Industria y Energía
List of economic activities admitted, according to CANE-2009: click
Deadline: 31 October 2020
Contact: Adrian Noheda (adrian.noheda@finnova.eu)
