Aid for digital entrepreneurs - Madrid Emprende Platform

The Ministry of Economic Affairs and Digital Transformation, MINECO, will allocate up to €51 million in the next three years to promote female digital entrepreneurship through the line of financing ENISA Digital Entrepreneurs.

What does the help consist of?

Support and promote, through financing, female digital entrepreneurship projects and reduce the existing gender gap in this area.

What companies is it for?

Participatory loans may be obtained by small and medium-sized emerging or growing companies in which one or more women hold one relevant position of leadership or power within society: in the shareholding, in the administrative body or as part of the management team.

This line is aimed at both newly created companies and those considering a consolidation, growth or internationalization project.

Requirements

Registered office in Spain.
Being an SME, according to the definition of the European Union.
Having its own legal personality, independent from that of the partners or participants.
The business project must demonstrate its technical and economic viability, and present an innovative, novel business model or one with clear competitive advantages.
The borrowing company must co-finance the financial needs associated with the business project.
The company's own funds will be equivalent, at least, to the amount of the loan.
The company that requests an ENISA loan must show a balanced financial structure and professionalism in its management.
The accounts of the last closed financial year must be presented, which will have been deposited in the Mercantile Registry or in another appropriate public registry.
The company that receives an ENISA loan, for an amount greater than 300,000 euros, must have the financial statements of the last closed financial year audited externally.
Companies whose activity corresponds to the real estate and financial sectors are excluded.

Conditions

minimum amount of the loan: 25,000 euros.
maximum amount of the loan: 1,500,000 euros.
To determine the amount, the amount of own funds and the financial structure of the company will be assessed, among other factors.
The type of interest It will be applied in two sections:
- First tranche: Euribor + 3.75 %.
- Second tranche: we apply variable interest based on the financial profitability of the company, with a maximum limit established between 3 % and 8 %, according to the rating of the operation.
Opening fee: 0.5 %.
Maturity: maximum 9 years.
Grace period of principal: maximum 7 years.
Commission for early repayment: equivalent to the amount that the loan would have accrued as a second tranche of interest if the loan had been repaid within the agreed terms and the second tranche of interest had been settled at the maximum rate, deducting the accrued second tranche interest until the early redemption date. Early repayments that occur as a result of a refinancing operation will be exempt from this commission.
Commission for early expiration due to changes in the shareholding: in the event of a change in the majority of control of the borrowing company and/or global transfer of any title to the assets of the borrowing company, the option is established in favor of ENISA to declare the early maturity of the loan. In the case of exercising said option, a penalty for early maturity will be established, equivalent to the amount that the loan would have accrued as a second tranche of interest (if the loan had been repaid within the agreed terms and the second tranche of interest had been paid). settled at the maximum rate), deducting the second tranche interest accrued up to the early maturity date.
Interest and principal amortization is quarterly.
For the granting of the loan, additional guarantees to those of the business project itself will not be required.