ENISA

ENISA (National Innovation Company, S.A.) plays a crucial role in supporting innovative projects that boost competitiveness across various industrial sectors in Spain. This initiative provides financial resources to strengthen the financial structure of small and medium-sized enterprises through participatory loans, which combine features of traditional loans with elements of venture capital.

Type of Project

• Business expansion
• Technological innovation
• Market penetration and development

Eligibility Criteria

• Established as a small or medium-sized enterprise (SME)
• Registered in Spain
• Demonstrates potential for growth and profitability

Eligible Expenses

• Product development and innovation costs
• Market research and expansion expenses
• Technological updates and infrastructure investments

ENISA’s Financing Lines

1. Young Entrepreneurs Line

   • For entrepreneurs under 40 years of age
   • Loans from €25,000 to €75,000
   • Focused on investment needs in the early phase of the business project

2. Entrepreneurs Line

   • For SMEs and startups without age limits
   • Loans from €25,000 to €300,000
   • Support in the initial phase of the business

3. Growth Line

   • For viable and profitable business projects
   • Loans from €25,000 to €1,500,000
   • Supports business expansion or gaining a competitive advantage

4. AgroInnpulso Line

   • For projects in the agri-food and rural sector
   • Loans from €25,000 to €1,500,000
   • Promotes the digital transformation of SMEs in the sector

5. Digital Entrepreneurship Line

   • Focused on digital entrepreneurship projects led by women
   • Loans from €25,000 to €1,500,000
   • Aims to reduce gender imbalance in the business field

Financing Details

• Subsidized Loan: No need for personal guarantees or endorsements.
• Applicable Interest Rates: Euribor + a percentage margin that varies based on the risk assessment and financial performance of the company.
• Maturity Period: Up to 9 years.
• Grace Period: Up to 7 years for principal amortization.
• Matching Funds: The company must have own funds at least equivalent to the loan amount, allowing that if a startup receives an investment of €100,000, it can seek an additional loan of up to €100,000 through ENISA.

Granting of the ENISA Loan The loan granting process is divided into three phases, which can extend over a period of three to four months from the initial application approval to the effective disbursement of funds to the beneficiary.