Program aimed at financing businesses and business
Posted by Manuel Casal | Section News
The Government approved (BOPA 13/22) the decree of national rating and a social program aimed at financing companies and new business creation, innovation, restructuring and entrepreneurial projects , which aims to be a plan financial support to the creation of new companies, businesses and new entrepreneurs, valuing the role of the business risks that new products and services through competitive, quality, innovative and high added value and, assuming risks, promote business projects that are creators of wealth and jobs.
This plan takes into consideration the special groups that may experience more difficulties in accessing credit, allowing new ideas and future projects also have the opportunity to become reality, and is qualified to national interest and a social program funding benefits, the amount of twelve million five hundred thousand euros (12.5 million euros), intended to facilitate access to investment for the creation, innovation, restructuring and enterprise projects companies and businesses, and registered in Andorra. It may benefit companies that meet at least two of the four following requirements:
1. - Formed a new company or trade
2. - Create a company or pioneering project in the country
3.-made modernization and restructuring of some aspect of business
4. - Make that the project is intended to provide entrepreneurs and new products and services with high added value.
Projects will be evaluated and approved by a joint committee composed of 2 members from the following sources: ADI, SA (Andorra Development and Investment), the Chamber of Commerce, Industry and Services of Andorra, the Association of Banks of Andorra; and the government. Once projects are approved, the bank formalized the appropriations and the government will become guarantor thereof.
Be assessed in preference applicants who are members of credit groups with greater difficulties in accessing them (young, elderly ...).
The initial maximum amount of € 125,000 per project will be extended to a maximum of € 250,000, provided they meet certain requirements, such as the creation of at least two jobs. The Government reserves the right to ajudicar, for a maximum of two projects, a credit of over € 250,000.
The amount of funding may not exceed 90% of investment costs, including, for example, previous studies and the costs of incorporation. The interest rate on the loan will be Euribor reference to a year, and the duration may be a maximum of 7 years.
At the same time, the operation will enjoy a total maximum of 18 months grace period where you do not pay any fee, or a partial deficiency, also maximum of 24 months in which to pay the fee for referring to the interests this period.
Tags: trade
