The president of the Board, Juan Vicente Herrera, announced on Friday the launch, through the Agency for Innovation and Financing, of three lines of loans for entrepreneurs, entrepreneurs and self-employed for the amount of 11O million euros and, for the first time, they are open to the agri-food sector of the Community. For more information about payday loans click here.
The president of the Board, Juan Vicente Herrera, announced on Friday the launch, through the Agency for Innovation and Financing, of three lines of loans for entrepreneurs, entrepreneurs and self-employed for the amount of 11O million euros and, for the first time, they are open to the agri-food sector of the Community.
This has been announced by Herrera in a ceremony held before a hundred entrepreneurs in the Community in the building of Business Solutions of Arroyo and which were also present, among others, the counselors of Economy and Employment, Tomás Villanueva, and Agriculture , Silvia Clemente, as well as the president of Cecale, Jesús Terciado, the Regional Council of Chambers of Commerce, Vicente Villagrá and the general director of Iberaval, Pedro Pisonero.
Two of these three lines have been published today in the Bocyl while Monday is expected to advertise the third, as explained by Herrera, who has reiterated that “will be mobilized immediately” 110 million euros with the goal of ” to stimulate business activity “through subsidized loans for industry, commerce, tourism and the service sector and that” for the first time “are open to the agri-food sector.
Also, the head of the regional executive has explained that these three lines, which have the endorsement of Iberaval and the collaboration of financial institutions, which Herrera has asked to defend the interests of Castilla y León, will facilitate liquidity and working capital, as well as support “the main lines of competitiveness of companies in their investments, R & D expenses and internationalization.”
The first of these lines, according to Herrera, is endowed with 35 million euros that are nourished by the European Investment Bank and that is destined to loans for projects with a technological component. A project of between 600,000 and 10 million euros will be financed, up to 70 percent of the total, with a maximum repayment term of ten years and two years of grace and an interest rate of 3.21 percent.
The second of the lines is aimed at R & D & i and circulating SMEs and large companies and is endowed with 15 million euros from funds of the Ministry of Economy and Competitiveness. Up to 70 percent of the project will be financed with a maximum of 900,000 euros, with a repayment term of 6 to 10 years and two deficiency, while the interest rate is set at 1.50 percent.
The third line, with 60 million euros, are loans for projects of competitiveness of SMEs between 6,000 and 60,000 euros and circulating between 6,000 and 500,000 euros. This line “is supported” by the Integrated Employment Strategy, as explained by Juan Vicente Herrera, who has specified that it will be possible to finance up to one hundred percent of the project with a repayment period of between 3 and 15 years and one year of grace while the interest rate will be 2.50 percent for investments and 2.75 percent for working capital.
Within this third line includes a program of ‘express microcredits’ for projects developed by entrepreneurs and self-employed with up to 30,000 euros of investment of 20,000 euros of working capital, with a repayment term of up to five years for investment and three for current and a year of lack.
For the president of the Board, these lines “respond to an urgent need of companies” such as access to “good financing conditions” and although they have the support of Iberaval and financial institutions, Juan Vicente Herrera has wanted to remind the latter of their purpose, “financing”.
Also, Herrera has insisted that the processing of these lines of funding “will be agile and immediate” in order to achieve the “direct effect” on the economic activity of the Community and the creation of employment at the time in which he stressed that In this way, “the transition started from the culture of the non-refundable subsidy to that of reimbursable credits” is completed.
In addition, Juan Vicente Herrera has referred to the aid linked to strategic plans and projects that are agreed by the Governing Council and have to do with large companies and key sectors of competitiveness in the Community.
Herrera, who has intervened for about an hour, wanted to conclude by showing his support to the business sector of the Community and has asserted that “they have counted and will count” with the support of the regional government although he has asked them as they have always done and following the motto “of the territory brand” of Castilla y León make “that all ideas come to life”.