finance
Barcelona financing programs support local entrepreneurs
Several loan lines provide fixed rate funding for self employed individuals and small businesses.
How we reported this
Barcelona Activa B Credits program offers 25000 euro loans at a fixed 3 percent interest rate for 5 years to self employed individuals and microenterprises with a total budget of 4 million euros for up to 160 loans according to public reports indexed as [16].
The ICF Lidera Comerç line provides financing between 25000 and 150000 euros at a fixed 0.95 percent interest rate for up to 7 years for retail restaurant and service businesses in Catalonia that have operated for at least 4 years.
Catalunya Caixa offers an Entrepreneur Loan in Barcelona of up to 40000 euros repayable over 5 years with no opening or study fees for initial business years.
The ICF coordinates financing for entrepreneurs and SMEs through Banco Sabadell and CaixaBank with the Ministry of Business and Knowledge assuming 70 percent of the credit risk as a guarantee.
Sources: perplexity-sonar.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.