Financing for entrepreneurs in Galicia
The entrepreneurs and the Galician SMEs are going to be helped to solve the difficulties of access on the credit that are suffering by the financial crisis.
The Xunta will guarantee credits of up to 1.5 million financing to the SMEs as of November.
The Igape is the Agency of development of Galicia and counts on offices in the main Galician cities
The SMEs will be able to benefit from the 5 from November of a line of endorsement of the Igape that will allow to finance between a 60% and a 70% of the loans that grant the organizations financial to finance the operating capital, the refinancing of liabilities and the extensions of capital of the SMEs. The loans will be given back within between three and seven years, to a type of referenced interest to the euríbor to six months. The agreement that will regulate these operations will sign next the 4 of November between the Xunta and a twenty of organizations.
To endorsement it is necessary to add another line of 500 million of the Institute of Official Credit (ICO) for new investments, other 200 million coming from the European Investment Bank (EIB) to relaunch enterprise projects and the contributions of Xesgalicia to enter the capital of the companies.
