Objectives
Facilitate the financing of investment projects of enterprises in growth of the region of Valencia, whose objective is to preferably its internationalization, business consolidation and job creation as well as investments of foreign companies who decide to invest in the region of Valencia generating value and local employment.
Eligible costs
Acquisition of productive assets and costs of plants of growth companies in the Valencian Community, with special emphasis on internationalization, business consolidation and creation of employment.
Referred to the possibility of financing working capital needs related to these projects, but excluded the refinancing operations to restructure existing debt or finance the ordinary activity of the company.
A title indicative, without limitation:
- Acquisition of tangible assets (excluding the purchase of land and buildings).
- Acquisition of intangible assets.
- Acquisition and merger of companies involving clear competitive advantages (growth in size and improvement of products and services).
- Design, implementation and execution of marketing and international expansion plans.
- Rental of premises and necessary expenses to open new markets.
- Personnel costs linked to internationalisation projects.
- Registration of trademarks, patents, utility models and industrial designs, marked CE or other forms of certification or standardisation of products.
Conditions of the loan
- Ordinary loans.
- Conditions:
- Amount: Generally from 175.000€ to €500.000, expandable up to € 1,000,000 if the company has billed in the last financial year audited more than €6,000,000.
- The maximum amount of financeable will be 75%.
- Term: Up to 7 years.
- Lack: Up to 2 years on the repayment of capital.
- Interest rate: Euribor plus a differential depending on the quality of the risk and cost.
- Arrangement fee: 0.75% on the nominal of the loan.
- Early cancellation fee: no fee, unless they have opted for a fixed interest rate.
- Guarantees: A time tested the viability of the investment project and the solvency of the applicant company.
- When the requested funding amount less than €175,000 company should provide a guarantee of a credit institution or mutual guarantee for 100% of the risk of the operation. In these cases, the amount of financing of IVACE may not be less than 50. 000e.
Application date: until December 31, 2015.