ENISA support for entrepreneurs: get your loan!

Financing is a key factor in the success of startups. But it is not always easy to obtain, especially if you are unaware of the opportunities available. The Empresa Nacional de Innovación S.A. (Enisa) is one of the public entities offering a range of opportunities that Spanish entrepreneurs can take advantage of to drive their projects forward.

ENISA is a public company whose purpose is to provide financial support to small and medium-sized enterprises to drive their innovative entrepreneurial projects. ENISA finances projects by companies that represent an innovation within their respective sectors.

ENISA does not provide financing for nothing. In return, it obtains a share in the company’s profits. And, of course, it charges interest. The good news is that this interest is tax-deductible.

What loans does ENISA offer entrepreneurs?

Now let’s turn to what you most want to know: the support ENISA provides to entrepreneurs, which is divided into five different financing lines:

Young Entrepreneurs Line

This support is aimed at young entrepreneurs under 40 years of age who have innovative entrepreneurial projects.

The idea is to provide financial resources to recently incorporated SMEs and startups created by young people so that they can make the investments the project needs in its initial phase.

The financing will range from a minimum of €25,000 to a maximum of €75,000.

Entrepreneurs Line

In this case, the aim is to support SMEs founded by entrepreneurs during their early stages. And here there is no age limit whatsoever.

Entrepreneurs who are going to create companies with a clear competitive advantage may benefit from this support.

The aim is to provide financial resources to recently incorporated SMEs and startups created by entrepreneurs, with no age limit, so that they can make the investments the project requires in its initial phase.

In this case, the support ranges from €25,000 to €300,000.

Growth Line

This financing line is designed to support the business projects of companies seeking to expand their business or achieve a competitive improvement.

The purpose is to finance business projects that are based on a viable and profitable business model and that seek a competitive improvement or a change in the model of their production system, or that wish to expand their production capacity by acquiring new technology, broadening their range of products/services, or diversifying markets.

This support is aimed at entrepreneurs planning competitive improvements for their SMEs, or a consolidation, growth, or internationalization project.

The loans range in amount from €25,000 to €1,500,000.

AgroInnpulso Line

AgroInnpulso is a financing line designed to drive the digital transformation of companies in the agri-food sector and in rural areas, with funds from the Ministry of Agriculture, Fisheries and Food that will be managed and administered by ENISA.

In this case, the goal is to support, through financing, projects by technology-based companies in order to stimulate and drive the digital transformation of small and medium-sized enterprises in the agri-food sector.

From €25,000 to €1,500.

Digital Women Entrepreneurs Line

This is a €51 million financing line aimed at promoting female digital entrepreneurship.

Its purpose is to support and promote, through financing, female digital entrepreneurship projects and to reduce the gender gap that exists in this field.

Eligible beneficiaries of the participating loans (préstamos participativos) are emerging or growing SMEs in which one or more women hold a significant leadership or decision-making position within the company, whether as shareholders, on the management body, or as part of the management team.

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

Support under this financing line may range from a minimum of €25,000 to a maximum of €1,500,000.

What are the requirements for obtaining an ENISA loan?

Each financing line may have additional requirements, but the general requirements that must be met are the following:

– The project to be financed must be innovative or have a clear competitive advantage.

– At a minimum, equity must be equal to the amount of the loan requested, except in the case of the ENISA Young Entrepreneurs financing line

– An economic and technical feasibility plan for the project must be submitted.

– The company must be an SME, as defined under EU rules.

– The company’s registered office must be located in Spain.

– The accounts for the last closed financial year must have been filed with the Commercial Registry.

– The company may not belong to the financial or real estate sector.