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)