Covid-19 Financial Support Programme for Companies

This is a line of financing to guarantee the monetary risks incurred by SMEs and self-employed workers before financial institutions in the Autonomous Community of Andalusia. Eligible expenditure: the guarantee operations which the SGR grants and formalises with the business owner, from 14 March to 31 October 2020. Characteristics of the loan: Average amount: 25,000 Term: Up to 5 years. Grace period: up to 12 months. Interest rate: Fixed, up to 2%. Arrangement fee: Up to 0.50%. Guarantee: 100% of the underlying transaction. Guarantor: Sociedad de Avales y Garantías de Andalucía, S.G.R. (Guarantee) Economic conditions of Guarantee: Single payment on formalization. – Annual guarantee commission: Up to 1.25%. – Study fee: Up to 0.50%. – Linked capital: 2% (refundable). Counter-guarantees: personal signatures of holders and partners. Situation of the SME at 31/12/2019: businesses with tax benefits and generation of sufficient resources for the payment of their debt Beneficiaries: SMEs Self-employed Eligible expenditure: Guarantee operations granted and formalised by the MGS guarantee with the business owner between 14 March and 31 October 2020. Organisation: Consejería de Hacienda Industria y Energía List of economic activities admitted, according to CANE-2009: click Deadline: 31 October 2020 Contact: Adrian Noheda (adrian.noheda@finnova.eu)