Financing for SMEs.

In many occasions the SMEs and micro-enterprises need to go to the external financing, either to initiate new line of business, or to modernize themselves or to update their productive systems.

The problem arises when it is gone to the financial organizations and these demand sufficient guarantees on the asked for capital.

The Community of Madrid, for example, counts on the Society of Garantía Recíproca (SGR), “Avalmadrid”.

Avalmadrid S.G.R., is a financial organization constituted by and for the small and independent medians (PYMES) companies and of the Community of Madrid, with a double objective: On the one hand, to facilitate the access to the financing, improving the financial conditions as much in cost as in term and, on the other, to grant endorsement and guarantees against the Administrations Public, and against third parties, in conditions generally much more advantageous that those that can offer the traditional bank.

To whom one goes?

To Small and medians companies, independent and enterprising of the Community of Madrid, that the following Requirements reunite:

a) To have an annual number of businesses nonsuperior to 50 million Euros, or, an annual general balance sheet nonsuperior to 43 million Euros.
b) To have a group inferior to 250 workers.
c) That they are independent companies, understanding by such, those that can be described neither like associate company nor like tie company.

Average what provide?

1. Financial endorsement: they allow, through the agreements of collaboration with credit establishments, to obtain financing automatically and to formalize loans, credits, leasing…
2. Technical endorsement: for contests before the mercantile administration, endorsement before clients, suppliers, for the advance collection of subsidy….
3. Advising.

What advantages offer?

1. Access to the financing.
2. Improvement of types of interest.
3. Extension of terms (long term financing).
4. Financing adapted to its needs.
5. Improvement, reinforces and complements the guarantees offered before credit organizations. It extends the capacity of risk of the SME.
6. It coordinates his agreements with lines of aid: Community of Madrid, ICO, etc…, improving the conditions.
7. Canalization and procedure of financial subsidys.
8. It diminishes proceedings of resolution and formalization.
9. Information and financial advising.

You do not doubt it, goes to the SGR of your Independent Community, are for ayudarte to secure your projects.

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